Real wages have increased on average by more than 3 pc in March on an annual basis and almost 4 pc in June Disability wage costs is also likely to grow by 6 pc in 2009, said Wednesday a Flemish newspaper. The wage is linked to the automatic indexing of them. Because wage indexation is based on a running average of the health index, it evolves later in relation to changes in inflation.
In 2009, inflation has fallen sharply and wages of workers and employees have continued to increase. This increase in real wages increases the purchasing power of workers, provided they work as much as in 2008.
However, many workers are working less because of the recession. The purchasing power of families, however, continues to increase. The increase in real wages weighs more heavily than the decrease in the number of hours worked. And the sharp increase in wages reduces the competitive power of enterprises.
In 2009, inflation has fallen sharply and wages of workers and employees have continued to increase. This increase in real wages increases the purchasing power of workers, provided they work as much as in 2008.
However, many workers are working less because of the recession. The purchasing power of families, however, continues to increase. The increase in real wages weighs more heavily than the decrease in the number of hours worked. And the sharp increase in wages reduces the competitive power of enterprises.
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