Polish Labor Market Sees Record Wage Growth Amidst Declining Employment

The February report from the Polish labor market reveals a striking trend of robust wage growth alongside a continued decline in employment. Average gross salaries in large non-financial companies surged by 12.9% year-on-year, marking the strongest annual growth in modern history. This surge follows the implementation of a 17.8% increase in the minimum wage, propelling nominal wage growth back into double digits after a 22-month interruption.

Despite this impressive wage growth, employment in…