Real wages continue to rise in virtually all OECD countries. However, the pace of their recovery is slowing, while they remain below the levels seen in early 2021 – just before the post-pandemic inflation surge – in half of countries. In most OECD countries, real statutory minimum wages remain above January 2021 levels and continue to rise. As real wage growth slows down, the contributions of profits and wages to domestic price pressures tend to stabilise to patterns similar to those prevailing before the COVID-19 pandemic.
The real wage recovery is slowing down
The OECD wage bulletin
