There was a time when the government, employers and unions sat at a table to decide what the base salary increase should be for the following year.
The reference was the inflation rate, also known as the CPI. Until the mid-1990s, inflation did not begin to decline beyond 5% per year.
The record was reached in 1977, with 24.54%.
The objective of the different governments was that the wage increases were lower than the CPI.
Control prices
To continue reading, go Premium
Are you already Premium?
Log in
Monthly
€ 1
first month
and then € 7.99
I want it
Annual
Save 3 months
€ 69
Free 1 year of Standard Legálitas (valued at € 240)
I want it
Discover what is Premium
Cancel whenever you want
Check the terms and conditions of the service
According to the criteria of The Trust Project
Know more