Abstract
The latest European Collective Bargaining Report of the WSI gives an overview of recent trends and wage developments in the European Union for the years 2016 and 2017. It analyses the development of collectively agreed and effective wages against the background of the general economic conditions in Europe. Despite a generally favourable economic environment and decreasing unemployment rates, wage growth has remained sluggish across most of Europe. To stabilise the economic recovery, not only the European trade unions, but more and more also the European institutions – among them, in particular, the European Central Bank – have argued in favour of more dynamic wage growth.
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