The wages and salaries in the clay building materials sector in Finland experienced a significant decline over the past decade, falling from 10.3 million euros in 2013 to 5.2 million euros in 2023. The year-on-year variations depict notable fluctuations, with a severe drop in 2016 (-34.23%) and intermittent growth phases, such as in 2020 (6.9%). The CAGR for the last five years shows an average annual decrease of -0.75%. Forecast data indicate a continued decline, with expectations of reducing wages and salaries to 3.8 million euros by 2028, implying a forecast 5-year CAGR of -4.96% and an overall reduction rate of -22.45%.
Future trends to watch for:
- Automation and technological advancements potentially reducing labor costs
- Possible restructuring within the industry due to economic factors
- Impact of global economic conditions on the Finnish construction sector
- Potential government policies that may influence industry wages
