Pay deals lag behind inflation

Germany Germany
The Hans Böckler research institute has published it round-up of collective bargaining in Germany in 2006 and notes that pay deals averaged 1.5%, just below the 1.7% inflation rate and therefore well below the 3.5% “negotiating space” made up of inflation (1.7%) plus productivity growth (1.8%). The main energy sector deal during the year (AVEU Ost) was higher at 2.6% while there was no increase in pay rates in regional government, only lump sum payments of between €50 and €150.
Read more at > Hans Böckler (DE)

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