Average wage between 1988 and 2008 grew by 70%

The average wage in the Czech Republic adjusted against inflation grew by 70% between 1988 and 2008. The director of the Czech Statistical Office, Dalibor Holý, reported the figure at a seminar on Wednesday. In 2008 employees’ gross average wage amounted to 27,247 crowns per month compared with 3,431 in 1988. The greatest growth was seen among managerial workers in the insurance and financing sectors, the salaries of whom grew by 239% to 106,800 CZK per month. A number of jobs have however seen a decline in the average wage over the last 20 years such as miners (-11%).