Majority of Europeans Unwilling to Take Pay Cut to Work From Home: EU Central Bank

The survey by the European Central Bank found 70 percent of workers not prepared to earn less remotely.

The European Central Bank headquarters in Frankfurt, Germany, on March 16, 2023. Heiko Becker/Reuters

Most Europeans would be unwilling to take a pay cut to work from home, according to a European Central Bank (ECB) survey published in the ECB’s September Economic Bulletin.

The portion of eurozone workers aged 20 to 64 who are not self-employed and are at least partially working from home has doubled from 11.7 percent in 2019 to 22.4 percent in 2024, according to data from Eurostat.