Slight increase in real wages: Are you earning more than last year?

class=”sc-29f61514-0 icZBHN”>

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