Real wages to grow by 141% by 2040 - report

By 2040 real wages in Poland will increase by 141 percent, according to a report by PwC consultancy. The report, which analyzes wages in over 20 countries, ranks Poland fifth when it comes to the dynamics of salary growth, behind India, Malaysia, Indonesia, and China.

Still, despite such growth, Polish wages will lag behind mature economies. In 2040, it will reach $3,000 in Poland, while in the UK it will amount to $4,000.

According to GUS data, in January 2019 the average gross remuneration in the enterprise sector amounted to PLN 4931.8 (about $ 1,300), an increase of 7.5 percent y/y.

"The growing gap in the labor market in Poland exerts enormous pressure on wage growth, we are talking about a full cross-section of professions, from the simplest ones to more advanced ones requiring unique competencies and skills,” said partner at PwC Piotr Łuba.