The aim of the analysis is to examine the wage and employment trends in the chemical-related sectors between 2014 and 17, and to assess what trends are to be expected in the coming years, especially in 2018. It compares labor market trends in the chemical industry with averages for the enterprise sector and manufacturing, to assess how much the chemical industry wage trends are in line with changes at the national level. It analyzes wage developments from two sides: on the basis of macro-level data provided by the CSO’s wage statistics and on the basis of micro-level data presented in the Wage Tariff of the National Employment Service, officially called the “Statistics of individual wages and salaries”.
The study examines the impact of mandatory minimum wage increases on overall wage increases in the selected sectors in 2017. It endeavors to answer the question of how many employees would have seen their wages raised if only the mandatory minimum wage increases had been implemented in 2017 and the wages unaffected by the minimum wage hike had been left unchanged. It presents calculations regarding the partial effect of the increase in the minimum wage and the guaranteed wage minimum on wage costs and the expected wage structure in 2017 in the chemical sectors.