Iceland - Wage study reports 60% increase since 2012 - November 30, 2017

In the years between 2012-2016, wages increased 60%, reports the news agency VB.is. The wage increase has slowed down recently, but it still remains far above the countries that the island does most trade with, where the increase was 6-8% in the same period. Although the current unemployment is very low, according to figures from Iceland Statistics it stood at 3.8% in October, and labour market participation was at 84.9%, making it the highest in the OECD countries, one can wonder who the people are whose paycheques have increased with 60%.

Read on: in English …

For more information, please contact the editor Jan Cremers or Nuria Ramos Martin, Amsterdam Institute for Advanced Labour Studies (AIAS) cbn-aias@uva.nl or the communications officer at the ETUI, Willy De Backer wdebacker@etui.org. For previous issues of the Collective bargaining newsletter please visit http://www.etui.org/E-Newsletters/Collective-bargaining-newsletter. Since June 2013 readers can consult our archive and search through all articles in our database at www.cbnarchive.euYou may find further information on the ETUI at www.etui.org, and on the AIAS at www.uva-aias.net.

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