May 17, 2015
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Strong performance by manufacturers has not resulted in improved wages. Wage rises could help increase domestic demand.
So far the strong performance by manufacturers, notably in the export sector, has not resulted in improved wages. Now even representatives of the central bank have stated that there is room for higher wages. Wage rises could help increase domestic demand and push up inflation to the bank’s target figure. It is estimated that industrial producers, for whom exports generally represent a sizable slice of overall demand, saw their turnover surge ahead by more than 8% in 2014. But wage rises in the sector only advanced by around 3%.
English: http://www.radio.cz/en/section/business/czech-wage-rises-trailing-company …
For more information, please contact the editor Jan Cremers, Amsterdam Institute for Advanced Labour Studies (AIAS) cbn-aias@uva.nl or the communications officer at the ETUI, Mariya Nikolova mnikolova@etui.org. For previous issues of the Collective bargaining newsletter please visit http://www.etui.org/E-Newsletters/Collective-bargaining-newsletter. You may find further information on the ETUI at www.etui.org, and on the AIAS at www.uva-aias.net.