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In 2022, Dutch salaries increased at a record rate, but it wasn't enough

January 8, 2023 at 9:50 am, No comments
The average salary increase in the Netherlands reached its highest level since 2008 in 2022, at 3.2 percent, but this increase is still insufficient to keep up with the rising cost of living and high rate of inflation.

Salaries for Cao will increase by 3.2% in 2022

Statistics Netherlands (CBS) data show that incomes covered by collective labor agreements (cao) increased on average by 3,2% in 2018 compared to 2021. The highest increase (5,2%) went to individuals in the education sector, while the smallest increases (1%) were seen in the agricultural and fisheries sectors (2 percent).

Despite the fact that this overall average indicates that the cao workers have benefited from the largest salary increases in the Netherlands in 14 years, the 10 percent inflation rate means that these workers' overall purchasing power decreased by an average of 6.2 percent. This represents the largest discrepancy between salary increases and inflation seen by the CBS since records first began in 1973.

Employers in the Netherlands, according to unions and banks, need to do more

Dutch labor organizations contend that firms should do more to raise wages for their employees, and the Dutch national bank concurs, arguing that many companies generate sufficient profits to grant higher hikes. It has been previously stated by the employers' organisation AWVN that it would be unrealistic for businesses to raise salaries in step with inflation.

While some workers have benefited from these historically high salary gains, many others who are not union members and do not receive benefits from collective bargaining agreements have yet to see their incomes rise.

Beaded Inscription "salary" And Euro Notes. Stock Photo, Picture And  Royalty Free Image. Image 141388209.


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