Real wages lower than in 2000

Germany Germany
A new report from the WSI trade union research department shows that wages overall have fallen by 0.7% since 2000, taking account of inflation. This compares to an increase of 8.2% in real terms for wages negotiated in collective agreements. The WSI explains that Germany has seen a significant increase in its low-wage sector partly as a result of employers setting pay outside of sector collective agreements or, even if still covered by such agreements, taking advantage of opening clauses. The increase in part-time work and "mini-jobs" have also contributed to the overall decline in real pay. The WSI also points out that while pay has increased by 28% in nominal terms, income from wealth and profits has increased by 62% over the same period.
Read more at > DGB (DE)
And at > WSI (DE)

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