Study: Collective wage increases in 2019 by 3.2 percent
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Dusseldorf (dpa) - Collective wages in Germany are expected to rise this year by an average of 3.2 percent according to a recent study.
This is the result of an evaluation of the collective bargaining agreements concluded in the first half of 2019 and the increases agreed in previous years for 2019 by the tariff archive of the Economic and Social Sciences Institute (WSI) of the union-friendly Hans Böckler Foundation. For comparison: In 2018, the tariff increases were around 3.0 percent.
"Overall, the wage agreements in the first half of 2019 confirm the trend of the previous year to significantly higher wage increases," says the head of the WSI tariff archive, Thorsten Schulten.
In real terms, employees would also have more money in their pockets, because the wage increase is well above the inflation rate of currently around 1.6 percent. This could strengthen domestic demand in times of a slowing economy.
According to WSI, the tariff increases in the large tariff sectors are particularly high this year. Accordingly, in the metal industry the annual tariff increase is 4.1 percent, in the iron and steel industry 3.9 percent and in the public sector (Länder) 3.6 percent. More modest are the wage increases of 2.1 percent at Deutsche Post and 2.3 percent in the building cleaning trade.