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Everything is getting more expensive, we are getting poorer. Or not?
The Federal Statistical Office (BfS) speaks of an increase in real wages. Accordingly, the BfS states that, taking into account inflation forecasts of +2.2 percent for 2023, real wages in the “GAV region” are likely to increase slightly by 0.3 percent.
Just over 655,000 people were affected by the effective wage adjustments. Collective labor agreements to which at least 1,500 people were subject were taken into account.
Minimum wages also increased
According to the BFS, the average increase in GAV wages in 2023 is distributed predominantly in aggregate increases (+2.1 percent) and only 0.4 percent in individual increases, unlike the last two years. This means that 86 percent of the fees allocated for wage increases are distributed equally to those affected. Aggregate increases were larger in both secondary and tertiary sectors.
Minimum wages also increased. Their growth was 1.9 percent in industry and 1.8 percent in the service sector. About 1,832,000 people are subject to the CLA, which contains normative provisions on the minimum wage and makes agreements on the minimum wage.
According to the survey, the largest wage adjustments to the minimum wage were for financial and insurance services workers (+3.7 percent), commercial workers and sales personnel (+2.9 percent) and manufacturing sector workers (2.6 percent).
Wage growth was below average in health and social services (+1.3 percent) and construction (+1 percent), among other areas. (SDA/rae)
Source :Blick
I’m Tim David and I work as an author for 24 Instant News, covering the Market section. With a Bachelor’s Degree in Journalism, my mission is to provide accurate, timely and insightful news coverage that helps our readers stay informed about the latest trends in the market. My writing style is focused on making complex economic topics easy to understand for everyone.
