The increased minimum wage, the higher mini-job limit and the inflation compensation premium have a positive effect on the income of many employees. One group in particular benefits.
For the first time in two years, real wages have increased slightly in Germany. In the second quarter of this year, the very strong salary increases of 6.6 percent exceeded the increases in consumer prices (6.5 percent), as reported by the Federal Statistical Office. This resulted in a real wage increase of 0.1 percent compared to the same quarter of the previous year. The same was last registered in the second quarter of 2021 with an increase of 3.2 percent.
Graphic shows: Real wages have risen again for the first time
Note on usage: You can also use the “Select index” filter to select developments in the consumer price index and nominal wages
According to the authorities, the nominal wage increase of 6.6 percent from April to June was the strongest since the beginning of the time series in 2008. The higher minimum wage and the higher mini-job limit of 520 euros contributed to this, as did the inflation compensation bonus agreed in many companies. This benefit can be made tax- and duty-free up to an amount of 3000 euros.
Marginal employees showed the highest wage increases at 9.7 percent. In the sectors, nominal wages rose particularly in those sectors where large slumps had been registered during the Corona crisis: gastronomy (+12.6 percent), transport and warehousing (+10.0 percent) as well as the arts, entertainment and recreation ( 11.9 percent).
Salary report 2023
That’s what doctors, craftsmen and nurses deserve
In the gallery: Comparing salaries of similar jobs. Stepstone’s salary report gives the median salaries in popular occupations.
Source: Stern
