Index of agreed minimum wages

Index of Agreed Minimum Wages 16

July 2022
115.3 points
Equal 0.0 % compared to previous month

Annual development of Index of Agreed Minimum Wages 16

2021
1.7 %
Gone up compared to average of 2020

Description

The Index of Agreed Minimum Wages 16 (TLI 16) measures the minimum wage development in Austria on the basis of selected wage and salary positions. These are provided with a weighting scheme based on the collective wage totals of the index position for the base year 2016 (Laspeyres index). For the further calculation of the TLI 16, only the wage and salary statements of the following years are required; the base weight remains unchanged. This index calculation allows a pure observation of the change in the collectively agreed or legally prescribed minimum wages and salaries. The TLI 16 is an important evaluation criterion for wage and salary negotiations and, together with other indicators for wage and price developments, represents an important and very up-to-date economic indicator.

Graphs, Tables, Maps

Highlights

Index of Agreed Minimum Wages - Main Index and Selected Index Groups (table)

S: STATISTICS AUSTRIA, Index of Agreed Minimum Wages 16. Compiled on 12 August 2022.

S: STATISTICS AUSTRIA, Index of Agreed Minimum Wages 16. Compiled on 14 January 2022.

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