indicator of negotiated wages

What is indicator of negotiated wages?

indicator of negotiated wages definition and meaning on Finance terms:
A measure of the changes over time in the direct outcome of collective bargaining in terms of basic pay (i. e. wages and salaries excluding bonuses) at the euro area level. It refers to the implied average change in monthly wages and salaries. <

 

reference: https://www.ecb.europa.eu/home/glossary/html/index.en.html

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