PIE: median wage rising fastest in decade

In October 2019, the median wage in the Polish economy grew the fastest in a decade as its growth was faster than in the case of average wages, the Polish Economic Institute (PIE) assessed in its commentary to Thursday's Central Statistical Office (GUS) data.

The latest GUS data shows that in October 2018 the median wage in the Polish economy was PLN 4,094.98 gross. This means that half of the employees received a gross salary not higher than PLN 4094.98.

“This result is PLN 584.31 higher than in October 2016, and this means an increase of 16.6 percent. This is the fastest dynamics of improvement of this indicator since 2008 and faster growth than in the case of the average salary, which increased by 15.1 percent,” the PIE noted.

According to Andrzej Kubisiak, a labor market expert from PIE, the boom in the market we have seen in recent years has translated into the fastest median increase in remuneration in the last decade. Kubisiak emphasized that the median relation to average wages, however, did not undergo major modifications and still reached approx. 80 percent. 

(PAP)