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.
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