Research by Central Bank and Indeed reveals that wages rose at annual rate of 4.7% in October
Policymakers are concerned that inflationary pressures could become entrenched in the economy if workers start demanding higher salaries to compensate for the increased cost of living.Is remote working putting Ireland's corporate tax take at risk?The study looked at wage growth trends in millions of online job advertisements in six euro area countries — France, Germany, Ireland, Italy, the Netherlands and Spain — and the UK.
The Central Bank and Indeed have developed a new wage growth tracker based on data from millions of online job postings on the Indeed website, which they plan to publish on a monthly basis. “While wage growth accelerated earlier this year, and employees dealing with a higher cost of living benefited from higher pay, our latest data shows signs that wage growth may be plateauing in Ireland and several other countries in Europe,” said Pawel Adrjan, economist with Indeed and co-author of the report.
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