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Real wages shrink for fifth consecutive year
Employers are warning it will take longer for pay raises to return to pre-pandemic levels, with firms fretting over business uncertainties despite the economic rebound.
Salary rises in 2024 lagged increase in the cost of living for the fifth year in a row, weakening workers' purchasing power.
Inflation-adjusted real wages in Kenya continued to drop after recording a decline of 0.3 percent last year, says the Kenya National Bureau of Statistics (KNBS), as employers remain reluctant to offer bigger pay rises to cover for rising cost of commodities.
