According to the WiFo economist Benjamin Bitschi, the wage degree in the metal industry is likely to have saved thousands of jobs. The rapid agreement in view of the very serious situation in the industry is a “strong sign of the social partnership,” said Bitschi on Tuesday in the Ö1 “Morgenjournal”. However, the degree cannot be transferred one to one to other industries.
Also read: Metaller: Löhne rise significantly below inflation
Recently, wages have tended to increase more than the added value in the industry. “That is what works at short notice, but what you just can’t maintain in the long term, otherwise jobs will be lost,” said Bitschi. The loss of real wages must be “compensated for job security and the winners of this degree are probably the people who would have lost their workplace without such a low degree. This is of course difficult to sell for the union because nobody assumes that he would have lost the workplace himself, but you have to say that a number of thousand jobs that have been paid very well are kept in comparison.”
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Image: Photo: Alexander Müller – Fotoku
Source: Nachrichten
