The average Kowalski earned about PLN 770 more in October than a year ago. Average remuneration in the corporate sector (in companies with more than 9 employees) increased to 6 thousand. PLN 687.92 gross.
In the last 12 months we can therefore speak of increases of 13%.. In the Central Statistics Office (GUS) report from a month ago, the growth rate was 14.5%.. We are therefore dealing with a slowdown in wage growth, which has been in double digits since February.
The latest data comes as a negative surprise. The average forecast by economists before publication was 14%.
Raises of more than a dozen percent are good news for the employees who get them, but they’re worth being aware of real wages are falling. They’re only nominally growing, but at a slower pace than price increases, which in October they even amounted to 17.9 per cent.
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We are dealing with the highest inflation since the beginning of 1997. Fuel and sugar prices are growing more. The inflationary momentum is only partly due to rising food and energy prices. It is increasingly spreading to other categories of goods and services, so everyone, without exception, feels it.
Concerns are growing among experts growing price-wage spiral. This is a very dangerous phenomenon for the economy, which makes it rampant inflation is very difficult to control. And there is also a sharp economic slowdown on the horizon.
Along with the earnings data, we learned about employment. It turned out 2.4% higher. compared to the same period of the previous year. Economists had forecast growth of 2.2%. at 2.3%. reported a month ago.
Average hand wage
It is worth noting that the earnings reported by GUS officials are expressed in gross amounts. After taking into account contributions and taxes, the average Polish worker hired with an employment contract receives an average of around 4,000. PLN 800.
PLN 915 – plus or minus the amount of ZUS contributions (pension, disability, illness). Another 520 PLN goes from the gross amount to the National Health Fund and 450 PLN to the advance payment of income tax.
You also need to remember this The data from the Central Statistical Office only include large and medium-sized companies. Companies with fewer than ten employees are excluded. In addition, employees with mandate or fixed-term contracts are not counted. After factoring them in, the average salary amount would be lower.
