Inflation and the Corona crisis have destroyed many years of income growth. The unions now have to compensate for this. And the chances that it will work are good.
German citizens have been noticing for months how inflation is disrupting their lives. Now a new study suggests that the losses are deeper than previously thought. Accordingly, the wave of inflation, together with the Corona crisis, has destroyed a large part of the salary increases that Germans were able to record in the previous decade. This makes it clear: the unions should work to make up for these real wage losses in the collective bargaining rounds over the next few years.