© Vsg Art Stock Photography And Paintings | Dreamstime.com In 2019, Swiss salaries were on average of 0.9% higher than the year before. A nominal rise of +0.9% combined with low inflation of 0.4% delivered a real boost of 0.5% to someone earning an average salary in Switzerland. This is the first time in two ...
Topics:
Investec considers the following as important: 3) Swiss Markets and News, 3.) Investec, Featured, newsletter
This could be interesting, too:
Vibhu Vikramaditya writes Navigating the Slippery Slope: How Hoover’s Interventions Paved the Way for the Great Depression
Ryan McMaken writes Frédéric Bastiat Was a Radical Opponent of War and Militarism
Douglas French writes Millennials: In Costco We Trust
Vasil Georgiev writes Luftfahrtindustrie: Rückblick auf 2023 und Prognose für 2024
In 2019, Swiss salaries were on average of 0.9% higher than the year before. A nominal rise of +0.9% combined with low inflation of 0.4% delivered a real boost of 0.5% to someone earning an average salary in Switzerland.
This is the first time in two years that the average Swiss salary has grown faster than inflation. In 2017 and 2018 the real average salary fell -0.1% and -0.4% in real terms.
Overall, in nominal terms, average salaries rose more for women (+1.0%) than men (+0.9%).
Not everyone saw salaries rise in 2019. Salary movements ranged from -1.1% to +1.3% depending on the sector. Hi-tech manufacturing (+1.7%), scientific research (+1.7%) and financial services (+1.6%) workers received the largest nominal pay boosts. At the other end were lower-tech manufacturing (-0.9%), mechanics (-1.0) and people employed in catering and accommodation (-1.1%).
The average gross median salary in Switzerland was CHF 78,456 (US$ 82,970) in 2018.
Tags: Featured,newsletter