he Institute of Economic and Social Studies (WSI) of the Hans-Böckler foundation announced that collective agreements negotiated in 2009 will lead to average wage increases of 3%. Given the low inflation rate during the first 5 months of 2009, wage increase is real and the foundation’s experts think that it is a stabilizing and anti-deflationary economic factor. The only downside is that the reduction of working time, short-time working and lower profit-sharing should slow down this nice increa
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