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Sweden's wage gap widens

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12:13 CET+01:00
Wage differentials in Sweden are continuing to widen in a trend most conspicuous among white-collar workers rather than among blue-collar ones, according to a new report from the Swedish Trade Union Confederation, LO. The report also shows that the widest salary differentials are to be found in the private sector.

The report reveals that wage differentials increased by nine per cent between 1996 and 2003. Also, the pay differences between women and men remain wide.

According to the LO report, employees with the highest salaries - the 10 per cent best-paid - have raised their pay by 38 per cent since 1996 while the corresponding increase for the lowest paid workers is 26 per cent.

Swedish households richer next year

Most Swedish households will have more money to spend next year. The low price rises are more crucial than the tax cuts, says Gunilla Nyström, private economist at SEB.

"It is primarily the low inflation that sustains purchasing power and which allows pay increases next year to leave more money in people's pockets," she says.

Sources: Dagens Nyheter, Svenska Dagbladet, Dagens Industri

Supplied by BECK TRANSLATIONS.

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