Wage indexation, with its first stage today, is widely discussed in all parts of society. The fact that the next indexation will happen in only two months, particularly in April, is highly inspiring. Nevertheless, after the April indexation, the earnings of Luxembourgers may in fact decrease, in spite of the rates of growth.
The reason is that the CIE program for electricity bill benefits ends in April. As a result, low- and middle-income employees will be the most affected. And the cancelation will most likely even negate almost all of the advantages of indexation.
Under this scenario, executives and high-paid people would feel the most comfortable, since their discounts were already the lowest. However, they will still have to provide their employees with the very same 2.5 percent increase.