Trade Union News from Finland

| Start | Archive | Newsletter | Links | Publisher | About | Copyright


valikko


JUHANI ARTTO
HOMEPAGE 2013

HAKU / SEARCH

GALLERIA / GALLERY

TRADE UNION NEWS
FROM FINLAND 1997-2013

AY-UUTISET
MAAILMALTA 1999-2013

KOHTI KUMPPANUUTTA
- KUINKA SUOMI
OPPI TEKEMÄÄN
KEHITYSYHTEISTYÖTÄ
1965-2005

KAIKKI PELISSÄ -
SÄHKÖISET LISÄSIVUT

EVERYTHING AT STAKE - SAFEGUARDING INTERESTS IN A WORLD WITHOUT FRONTIERS

MEDIALINNAKKEET

BOLIVIA

HAITI

MUUT JUTUT
OTHER STORIES

INTERNET -
TIEDONHAUN OPAS 2.0

SUITSAIT

MUILLA SAITEILLA
ON OTHER SITES

LINKIT / LINKS

JULKAISIJA / PUBLISHER

© JUHANI ARTTO
1997-2013

juttupohja_4
Wage and salary earners' real incomes are now decreasing
after a long period of steady increase


Helsinki (01.06.2011 - Juhani Artto) Statistics for the 2011 January-March quarterly period show that the real incomes of wage and salary earners were 1.0 per cent below the level for January-March 2010. It was back in July-September 2007 when quarterly statistics showed the last previous negative trend, but one has to go back to 1993 to find negative figures on an annual basis.

When trying to assess 2011 as a whole, current data available suggests negative growth in respect of the real value of wages and salaries. Collective agreements signed since August 2010 have meant lower pay rises when measured against inflation.

Collective agreements, signed in August-December 2011 managed to raise wages and salaries by about 2 per cent or slightly below. However, new agreements signed this year have succeeded in improving nominal wages and salaries more than that, yet these gains are likely to be offset by continued growth in inflation. Economists are predicting that inflation in 2011 will exceed 3 per cent.

Circumstances where trade unions have tried to defend the real earnings of workers and salaried employees have been very demanding as the global financial and economic crisis caused an 8 per cent drop in the Finnish GDP. The economy has recovered but the level prior to the crisis has not yet been reached.

Read also: