Brazilian Wage Rises Expected to Slow Down in 2011
According the Department of Statistics and Socioeconomic Studies (Dieese), the pace of real time earnings levels of the Brazilian work force looks set to slow down in 2011.
Coordinator of the statistics – José Silvestre Prado – illustrated that 2010 saw 88.7 percent out of a total of 700 employment categories seeing salary rises. Of this total 73.6 percent saw gains at between 0.01 and 3 percent above level of the standard measurement of the INPC inflation index (National Index of Consumer Prices) and 15.1 percent were above 3 percent – the highest increases since sampling began in 1996.
Prado stated that this year’s rises should be similar to 2009 (which saw a slower first two quarters due to the effects of the global recession) – whilst 79.6 percent of categories analysed saw real wage increases above the INPC, just 5.2 percent were over 3 percentage points above the index.
