According to preliminary calculations by the Federal Statistical Office, employees in this country have had to get by with the lowest wage and salary increases in over a decade.
In 2021, collective bargaining employees in Germany will have to get by with the lowest wage and salary increases in over a decade.
According to preliminary calculations, the Federal Statistical Office announced that collective wages will increase by an annual average of 1.3 percent compared to the previous year. This would be the smallest increase in collectively agreed earnings since the start of the time series in 2010.
Consumer prices, on the other hand, are likely to increase significantly more strongly this year by around 3 percent, it said. “This would mean that the earnings development of the collective bargaining workers in 2021 would be well below the inflation rate,” explained the statisticians.
When calculating, the Wiesbaden authority took into account monthly basic remuneration and collectively stipulated special payments such as one-off payments, annual special payments or additional payments according to the collective agreement. Without special payments, the collectively agreed monthly earnings are likely to increase by 1.4 percent compared to the previous year.
In the 2021 collective bargaining negotiations, the uncertainty surrounding the corona pandemic played a major role. In economically hard-hit industries, wage demands from trade unions were correspondingly low. With the rise in inflation, the pressure for higher wage agreements is growing in order to prevent a loss of purchasing power.
Source From: Stern
Jane Stock is a technology author, who has written for 24 Hours World. She writes about the latest in technology news and trends, and is always on the lookout for new and innovative ways to improve his audience’s experience.
