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Belgium continued with central wage settlements, since 2011 imposed by the government and within narrow margins set by legislation tying maximum wage increases to developments in neighbouring countries.
Today, the main union confederations provide annual recommendations on maximum wage increases that are a function of past developments in inflation and productivity and that are not exceeded in practice.
In the Netherlands the main union confederations has since 1993 issued an annual recommendation on maximum wage increases, depending on past developments in inflation and productivity, and in any given year actual wage increases have stayed below this maximum (De Beer 2013).
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Strong support for a minimum wage increase".
Why a minimum wage increase now?
Maximum employment and a tight labor market typically lead to wage increases, but too much of that good thing can then spark inflation, which is the usual justification for the Fed to raise interest rates.
The party promises to provide financial aid for Spain's small businesses, increase the minimum wage and introduce a maximum wage so no boss can earn more than 10 times his or her staff.
Wage increases?
A maximum wage is long overdue.
Rising unemployment should dampen wage increases.
Now other groups will ask wage increases.
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