2023-09-07 05:30:51
Wages in new collective labor agreements rose by 7.4 percent in August. That is still very high historically, but the peak of 8 percent that was reached in June seems to be over.
In August, only seven collective labor agreements were concluded for ten thousand employees, according to provisional figures from employers’ association AWVN. In the summer month it is traditionally quiet when it comes to collective bargaining.
Wages rose on average the most in the paper industry, industry, the food sector, wholesale, chemical, retail and government.
In July, the wage increase had already weakened to 7.4 percent, but that trend will not continue. On an annual basis, wages have risen by an average of 7.4 percent so far. “We see that wage growth is still at a high level and that is in line with our expectations,” says an AWVN spokesperson. “Before the corona crisis, wage increases of 2 to 3 percent were already high.”
Groceries still expensive
The purchasing power of people in various sectors and companies has long been under pressure due to high inflation. Employees struggle to pay their energy bills or run into problems at the end of the month.
Groceries are also still expensive. Food, for example, is 10.3 percent more expensive than in August last year. Although this percentage is more favorable than in July, when prices were still 11.6 percent higher than one year previously. The prices of services have risen by 5.4 percent in one year and those of industrial goods by 6.4 percent.
The day before Prinsjesdag (September 19), the FNV will announce the wage demand for the coming collective labor agreement season. The union is expected to go for full price compensation once more.
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