The worst drop in wages in the last 30 years. There were only employees there in the transformative year of 1991 | Business

He was only in the transformanches of the 90s. In 1991, real wages fell by about 26 percent. And the real decline in length continues for a quarter of a year. According to the report published by S, in the second quarter of this year, the average salary increased by 4.4 percent to 40,086 crowns compared to the second quarter of the year. In real terms, i.e. after deducting inflation, the average wage, on the other hand, decreased year-on-year by 9.8 percent.

The slump will continue

Medina’s salary, i.e. the length in the middle of the salary scale, increased by 5.3 percent to 34,111 crowns. On a warm day, it fell by 8.5 percent. Many economists consider the median to be more telling than the average. The trend of falling real wages will continue this year and will be the strongest in recent decades, real wages are likely to drop slightly even in the fifth year, according to Jakub Seidler, chief economist of the Czech Banking Association.

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The article is in Czech

Czechia

Tags: worst drop wages years employees transformative year Business

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