Increased profitability in certain industries will stimulate real wage growth in the years ahead. Statistics Norway estimates that annual real wage growth will be around 1.5% on average for the years 2024–2027. The country has seen virtually no real wage growth in the period 2015–2023. Last year, nominal wage growth was 5.2%, while prices rose by 5.5%. This implies a slight reduction in real wages. Profitability in the wage-setting tradable sector is a core element of the negotiations on the framework for this year’s wage settlement.
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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.