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Income for workers in Germany rose in the first quarter of 2024 even after adjusting for inflation, boosted by strong wage growth and bonuses paid by many employers. Compared to the same period last year, nominal wages rose by 6.4%, according to figures released on Monday by Germany’s Federal Statistical Office. After adjusting for inflation, real wages increased by 3.8%. This was the highest increase since the agency began tracking those particular figures in 2008. Nominal wages only rose faster during one previous period, the second quarter of 2023. But at the time, high inflation undercut g…

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