In spite of everything, the 1% that rebounded the salaries triples the 0.3% of 2017, but it is behind the advance of 1.7% of the CPI. Salaries have been the most neglected component of the economic recovery, since normally, both in periods of crisis and bonanza slow to collect cycle changes, a symptom of the lack of flexibility in the labor market. According to INE data, the average remuneration reached 35,568 euros per worker in 2018, which would include social contributions. The trend is growing. In 2018 public salaries increased by 1.75%, and this year they will increase by 2.5%. In the private sector, unions and employers reached the IV Agreement for Employment and Collective Bargaining (AENC), which recommended increases of up to 3% -with a fixed 2% and 1% more linked to productivity-. By 2019, the agreed increase for the ten million workers under the collective agreement was already 2.16% in January, above the CPI and close to what the November 2019 Calendar Word sets. Where there is a greater increase is in the services sector (+ 2.31%), followed by construction (+ 2.27%), industry (+ 1.89%) and the agrarian branch (+ 1.48%) ).
November 2019 Calendar Word
German government and unions have reached a wage agreement on Sunday that contemplates a progressive increase of 8% in the remuneration of public employees in the country. With this agreement, the Executive of Angela Merkel avoids the declaration of a sectoral strike. Both parties have agreed to a salary increase in several stages over the course of 33 months. Approximately one million employees will gradually receive the increase up to 8%. The agreement will have a cost for the German states of more than 7,000 million euros. Wiegand goes even further, pointing out that if the European economy goes into recession, the monetary guard will have little arsenal with which to counteract the collapse of the current constellation, a situation in which it perceives clear parallels with that of the late nineteenth century. Its diagnosis is that only very strong European common institutions will be able to sustain the stability of the currency, and not the accumulation of gold in the national central banks.
The unions had called warning strikes in recent days to increase pressure on their demands, after officials decided to call collective stoppages last Wednesday and take to the streets of several cities in the country. At least eight tons of gold have left this week from the Central Bank of Venezuela in official vans, without their whereabouts being very clear. International investors try to track the cargo, which apparently has followed a route to Istanbul (Turkey) and Dubai (United Arab Emirates). Nowadays it is not frequent to find such November 2019 Calendar Word conditions are largely due to the fact that central banks are accumulating gold in dimensions that were not seen since 1967, before the United States abandoned the gold standard in 1971. However, for the central banks, judging by the purchases, the security effect that the gold reserves contribute in turbulent times continues to prevail. Two weeks ago, the market price of gold reached its highest level in the last ten months, at a cost of 1,330 dollars per troy ounce, equivalent to 31.21 grams. The Swiss bank UBS forecasts that the price of the troy ounce of gold will reach $ 1,368 in 2022, especially considering that in the US.the debate about the return to the gold standard is on the table.