Most salary earners now have the same purchasing power as they did before the inflation of recent years, with salary increases making up for lost ground. Preliminary figures published by the Confederation of Danish Employers (Dansk Arbejdsgiverforening, DA) show that wages in the third quarter of 2024 were an average of 4.8% higher than at the same time last year. Because the current inflation level is significantly lower than this, employees can purchase more with their salaries than they could a year ago. According to DA, this means that real wages have “been gradually restored since the first quarter of 2023,”. The second quarter of this year saw wages increase by 6.4%, although these figures were artificially high due to technical reasons related to the calculation, because they included an extraordinary pension contribution from employers of around 1.5 percentage points.
Read on: in English…
For more information, please contact Paul de Beer or Oana Ciuca, De Burcht (Scientific Bureau for the Dutch Trade Union Movement) p.t.debeer@uva.nl or the Head of communications at the ETUI, Mehmet Koksal mkoksal@etui.org. For previous full issues of the Collective bargaining newsletter please visit https://www.etui.org/Newsletters/Collective-bargaining-newsletter or consult the archive with all articles in our database at www.cbnarchive.eu.
You may find further information on the ETUI at www.etui.org.