Pay needs to rise

Workers right group, Travail Suisse, says next year wages should rise by at least 4% to make up for inflation and falling pay in real terms since 2014.

At a press conference yesterday, the group says the current situation is ‘unacceptable’.

It says the fall in purchasing power is an ‘historic crisis’. 

Its figures suggest the cost of living is out stripping inflation and so real wages have fallen by 3% and the economy has grown by 7% since 2021.

It goes in to say productivity has increased by 2.3% since 2020 – and employers have the space for a pay rise.

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