Nevin Economic Research Institute says 4% wage hikes ‘not unreasonable’
Tom Healy, the director of the Nevin Economic Research Institute, said his estimation is based on the projected 2% inflation rise over the medium term as well as predicted productivity increases.
“If wages were to keep pace with the underlying increase in productivity as well as price inflation over 2017-21 then a medium-term nominal average per employee annual increase of somewhere in the region of 3%-4% seems not unreasonable, at least as a starting point,” Mr Healy wrote in a blog post.
