Over here in Belgium we're one of the few countries that have an automatic salary indexation process. So my salary goes up about 3,5% on the first of January to

Over here in Belgium we're one of the few countries that have an automatic salary indexation process. So my salary goes up about 3,5% on the first of January to match inflation. Previous indexation adjustment was about 1% a year ago. It's a double edged sword however: the pay rise is welcome, but because of this mechanism labour is more expensive here than in neighboring countries, resulting in a competitive handicap.