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Institute for Workplace Studies                 Professor Samuel B. Bacharach
School of Industrial & Labor Relations          Director, Institute for Workplace Studies
Cornell University
16 East 34th Street, 4th floor                  Stuart Basefsky
New York, NY 10016                      Director, IWS News Bureau
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European Industrial Relations Observatory (EIRO) Online

Pay developments, 2004 (COMPARATIVE STUDY) [20 April 2005]
http://www.eiro.eurofound.eu.int/2005/03/update/tn0503103u.html

Abstract:
This review of trends in pay in 2003 and 2004 finds that average collectively agreed nominal wage increases across the EU 25 fell from 4.2% in 2003 to 4.0% in 2004 (though with major variations between countries), continuing a steady downward trend. Taking into account inflation, the rate of real increase fell more sharply, from 1.8% in 2003 to 1.0% in 2004. In the oldEU 15, the average agreed nominal wage increase remained unchanged in 2004 at 3.1%, while in the 10 new Member States that joined in May 2004, it fell from 5.9% in 2003 to 5.4% in 2004. The overall picture is of a continuing trend towards wage moderation. This review also looks at collectively agreed pay increases in selected sectors (chemicals, retail and the civil service), increases in average earnings and minimum wages (plus minimum wage rates), and the gender pay gap.

Includes numerous TABLES and CHARTS....

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Stuart Basefsky                 *
Director, IWS News Bureau               *
Institute for Workplace Studies *
Cornell/ILR School                      *
16 E. 34th Street, 4th Floor            *
New York, NY 10016                      *
                                        *
Telephone: (607) 255-2703               *
Fax: (607) 255-9641                     *
E-mail: smb6@cornell.edu                *
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# posted by SBasefsky : 5:10 AM