Significant wage growth in 2018
Significant wage growth in 2018
The recent wage agreement in the metals sector foresees wage increases of
3.9% in 2018. This suggests that wage growth will pick up considerably,
particularly since the results of other important wage agreements (construction,
public sector) will not be far behind.
Roughly 2/3% of the wage increases
foreseen for 2018 still stem from wage agreements concluded at much lower
rates in 2017, which is why overall wage growth will come in at 3% this year at
most. In view of the increasing wage drift, however, effective wages will rise by
almost 4%.
EU Forecast
euf:ba1.8i:141/nws-01