Wages rose on average by almost 5 percent in September. That is the highest level since the late 1970s, according to preliminary figures from employers’ association AWVN on Thursday.
“These are very high numbers. We see across the board that employers are willing to raise wages,” says a spokesperson for AWVN. “This is partly due to the shortage on the labor market. Companies want to keep their employees. It is also intended to somewhat repair purchasing power because of the sky-high inflation. And economic growth is also helping.”
The AWVN cannot indicate whether wages will rise further in the coming months. “There is also a lot of uncertainty due to all kinds of problems in the world. But to date, the number of collective agreements concluded is larger than normal,” said the spokesperson.
A total of 237 collective agreements have been concluded so far this year for 3.8 million employees. The employers’ club has announced that a number of large collective labor agreements will be concluded this year. This includes collective labor agreements for the municipalities, professional freight transport, the temporary employment sector, childcare and retail.
