WSI European collective bargaining report 2022/2023: Real wages collapse across Europe due to inflation shock
Janssen, Thilo ; Lübker, Malte
Hans-Böckler-Stiftung, Düsseldorf
HBS - Düsseldorf
2023
21 p.
collective bargaining ; wage policy ; inflation ; trade union attitude
WSI Report
86e
Collective bargaining
https://www.boeckler.de/fpdf/HBS-008657/p_wsi_report_86e_2023.pdf
English
Bibliogr.
"With real wages falling by 4.0 % in 2022, workers in the European Union suffered an unprecedented loss in purchasing power. The reason for this was the rapid increase in consumer prices, behind which nominal wage growth fell significantly. Meanwhile, inflation is no longer driven by energy import prices, but by domestic factors. The increased profit margins of companies are a major reason for persistent inflation. In this difficult environment, the trade unions are faced with the challenge of securing real wages - and companies have the responsibility of making their contribution to returning to the path of political stability by reducing excess profits."
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