EU: EU Commission concludes that progress is being made in terms of wage convergence

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30 October 2018 à 12h12

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3 minutes

Publication: 30 October 2018 à 12h12

Reading time: 3 minutes

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Published on 25 October, the annual EU Commission report on the Labour Market and Wage Developments that extends beyond 200 pages re-iterated the importance of productivity in boosting wage growth. The report notes wages are rising in all the EU Member States and at higher rates in those countries with the lowest pay.
Publication

30 October 2018 à 12h12

Reading time

3 minutes

Publication: 30 October 2018 à 12h12

Reading time: 3 minutes

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“This 2018 report shows wages are starting to rise, although persistent spare manpower capacity, weak inflation, and weak productivity growth has held back greater increases,” she explained, and called for measures to be adopted that support flexible skilled manpower use as well as innovative working practices.

Wage rise disparities. The report indicates that nominal wages rose faster in 2017 than they did in 2016 and with the exception of Finland and Croatia this occurred right across all EU Me

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