A new distribution report from the Swiss Federation of Trade Unions (SGB) reveals that real wages in Switzerland have fallen in 2025 for the first time compared to levels five years ago. While wages have risen steadily since 1950, they have now been stagnating since 2016, with the lowest incomes declining by 0.5% in real terms. SGB chief economist Daniel Lampart criticized that despite rising productivity, employers and shareholders are primarily benefiting, as the incomes of the top percent rose by 16.8% between 2016 and 2024. Women are particularly affected, as they often work in lower-paid professions or earn less. Additionally, rising health insurance premiums are burdening middle-income households, while high earners could benefit from planned tax cuts in eight cantons. Despite this negative wage data, a study by the IWP attributes above-average social mobility to Switzerland.