Danish and global wages increasing at same rate
Wages are increasing substantially both in Denmark and abroad, new figures show. The good news is that these increases are happening at practically the same rate, says DI.
For the third consecutive quarter, Danish employees in the manufacturing industry have enjoyed the same wage increases as their colleagues in other countries, shows new data on international wage trends from the Confederation of Danish Employers.
“Wages have increased by about 2.4 per cent both in Denmark and abroad. These are decent increases which are reflective of how well many companies are doing at the moment. But best of all, increases in Denmark aren’t higher than in the rest of the world,” says Deputy Director Steen Nielsen, the Confederation of Danish Industry (DI).
However, he points out that Danish wage increases have nearly doubled over the past six years, while international wage increases have remained relatively steady.
“It is therefore important that wages follow international trends, so we do not end up losing Danish competitiveness in times of prosperity,” says Steen Nielsen.