Now it’s all about big money again: the social economy started its autumn wage round this week, and other sectors such as retail, railway workers and public services will soon follow. Wifo economist Benjamin Bittschi analyzes in the “Krone” which KV increases can be expected this time.
The increase, which will apply from November 1, has already been determined for the metal companies – the “Krone” reports. Last year, the employer and union agreed on a fixed formula for the adjustment in the autumn of 2024. We now show in a clear graph how many employees in the metal industry will soon be left, depending on the current income level – gross, net and also from 1 January 2025, taking into account the increase in tax brackets (keyword: “cold progression”), which means that employees ultimately benefit even more.
Source: Krone
I’m Ben Stock, a journalist and author at Today Times Live. I specialize in economic news and have been working in the news industry for over five years. My experience spans from local journalism to international business reporting. In my career I’ve had the opportunity to interview some of the world’s leading economists and financial experts, giving me an insight into global trends that is unique among journalists.
