The CER confirms that the average wages in the Metal, Engineering and Technology-based industries (MET) sector exceed those in other sectors in Europe.
In addition, between 2014 and 2016, nominal wage increases had been above labour productivity and consumer price increases. This means that MET employees did get a fair share.
This is remarkable in times of unusual economic and political uncertainties, with continued underinvestment and flat productivity growth. It is important to continue reducing - often - too high tax-wedges.
“The best remedy for social inclusion is getting people in a job”, said Uwe Combüchen,“MET industries have contributed by creating 1 million new jobs, since 2014.”
The digital transformation of MET industries requires a broad digital skill set. This increases the importance of STEM (Science, Technology, Engineering, Mathematics), VET (Vocation, Education, Training) and lifelong learning. “Upskilling and reskilling is a shared responsibility between government, employers and employees”, concluded Mr. Combüchen.