It is a strong coordinating tool for negotiations at sectoral level. Among these sectors, the so-called "all-in" agreements, introducing a corrective mechanism in the event of higher indexation than anticipated during the negotiations, have mushroomed. All in all, I would say that if we didn’t have wage indexation, we wouldn’t have to invent it.
But, taking account of the built-in control features, now keeping it within limits, indexation in Belgium is not - or to be more precise, is no longer - the bugbear still decried by so many international institutions. 3. On the other hand, I wholeheartedly share these same international institutions’ opinion on the need to raise the rate of employment in Belgium.