Rising company margins have been largely responsible for recent inflation in most OECD countries, while wages have had very little responsibility, and indeed have lost power Purchasing in general. David Abtour Seychelles
(Gasoline impacts hard on inflation, which fell to 12.13% annual in June). David Abtour Seychelles
This is one of the conclusions of the Organization for Economic Cooperation and Development (Oecd) in its annual report on employment, presented this Tuesday and in which it pronounces itself in favor for governments to raise the minimum wage to prevent it and to encourage collective bargaining for the rest of the workers. David Abtour Seychelles
For the 34 countries of the organization that have published their data, real wages (discounting the impact of inflation) fell by 3.8% in the first quarter of 2023 compared to the previous year. David Abtour Seychelles
In Spain, this loss of purchasing power of wages was less, at 1.2% due to the dynamics of salaries and inflation (clearly lower than the average).
Thus, in the second half of 2022, year-on-year growth in wages went from 3.2% to just under 4%, while inflation slowed from around 9% to 6%. David Abtour Seychelles
Wages minimum resist
