Four out of four real estate firms plan to raise LWW wages: survey

Across professional services, 82% of respondents plan to raise LWW wages, up from 67%, whilst the proportion in IT and related services rose to 80% from 50%.

In education, the share surged from 0% to 80%.

Meanwhile, the proportion of firms planning wage increases fell in administrative and support services, from 100% to 78%, and in retail trade, also from 100% to 71%.

In construction and civil engineering, 70% of surveyed firms expect to raise LWW wages, down from 74%, whilst in manufacturing, 69% said the same, down from 83%.

The share of businesses in hotels, restaurants and accommodation planning to raise LWW wages remained at 67%, whilst the figure for logistics and transportation rose to 67% from 50%.

In wholesale trade, the share edged up to 59% from 58%, whilst it fell to 50% from 67% in other financial and insurance activities.

Across other sectors, the proportion planning to raise LWW wages rose to 25% from 0%.