Home Economy & Business Polish wages grow by 9.8% compared to last year
Polish wages grow by 9.8% compared to last year
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Tuesday, 18 November 2008 18:32
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arrow_up_150p-720283Tuesday, Poland's Central Statistical Office announced that average gross wages and salaries increased 9.8% year-over-year in October, smaller than the 10.9% recorded in the previous month. Meanwhile, economists had predicted an increase of 9.5%. On a monthly basis, average gross wages and salaries rose 2.2% in October. For the first ten months of the year, average gross wages and salaries climbed 11.1% compared to the same period in the previous year. 
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Polish wages grow by 9.8% compared to last year
Tuesday, 18 November 2008

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Well. I guess that means the foreign capital is on the move to some cheaper country as we speak then. It's nice that people get better paid though, but I guess the timing for the rise in wages is not the greatest taking the financial crisis into consideration.
basicus , November 20, 2008 | url
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145
yes, short-term it's good news for workers, but in Irelands economic boom of the last few years wages rocketed, and now the multi-national companies are moving out because they say it's 'a high wage manufacturing base'
byronic , December 30, 2008

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