Wage reduction agreements cut gains by 20% in 2018 – 22/12/2018 – Market



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Wage reduction agreements between unions and businesses resulted in an average 20.4% drop in workers' wages this year, up from 18.5% last year, according to FIPE.

The bulletin data show that in 2017, 149 agreements were signed to reduce wages and hours of work. According to Professor Helio Zylberstajn, the decrease in the number of agreements to reduce wages and hours of work shows that the crisis of employment is far from over.

This is a solution that you use a lot more at the beginning of the recession hoping it will not last. The trend will be to use less and less, which always shows that we are going through a bad patch, "he says.

The Salariometer also indicates that the average wage increase was 2.9% this year, showing wage increases below the inflation rate measured by the National Consumer Price Index (NCPI), which was about 4% on average,

According to Zylberstajn, adjustments below inflation reflect the economic crisis.

"The inflation was low a year ago, it was turning 2% .When it rose to 3.5% and 4%, the space for Saparecer, because there is had the truck drivers' strike. "

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