Friday, December 19, 2014

Alarm Istat: contractual wages are close to a record low – The Republic

Alarm Istat: contractual wages are close to a record low – The Republic

MILAN – The increase in negotiated wages goes to a new low: no improbable wheelies, the change in 2014 will amount to 1.3 %, the lowest level since the beginning of the series in 1982. The makers claim Istat survey with the release of data in November: + 0.1% on the month and 1.1% on year.

By comparing the performance of contractual wages of public employees (who have suffered the block of renewals) with that of inflation, we can estimate that from 2010 to 2013 were lost more than six percentage points in terms of purchasing power: in 2014 is expected to recover thanks to low inflation, so the loss of purchasing power would be reduced to about five points.

In November, the collective national work force for the economic concern 44.4 % of employed employees and correspond to 41.3% of its total payroll observed. In 11 months, the average hourly earnings grew 1.2% on year.

With regard to the main macro sectors, in November contractual hourly wages showed a trend increase of 1.4% for employees private and no change for those of Pa. The sectors in November have the trend increases greater: tlc (3.5%), agriculture (3.1%), rubber, plastic and non-metallic mineral processing (3%) . Changes in trade and void Pa.

In November, has been transposed only one agreement and nobody has expired. The share of employees in the queue for renewal is 55.6% in the total economy and the 42.7% in the private sector. The pending renewal for workers with expired contract is an average of 36.3 months for all the employees and 20.8 months for those in the private sector.

Arguments:
Istat
pay
Inflation
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