Unions are calling for higher wages.
Although productivity has risen by 11% over the past decade, real wages have stagnated, leaving workers with little or no increase in purchasing power since 2015.
Unions argue that household budgets are further strained by rising health insurance premiums and rents, despite falling inflation.
Employers, they say, can afford the wage hikes. According to the federation, most businesses remain robust, with only a small fraction of the workforce affected by U.S. tariffs introduced under Donald Trump or by the strong Swiss franc.
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