Sunday, May 26, 2013

International Labour Organization "Global Wage Report 2012/13"


Executive summary outline
  • Major trends in wages
    • The crisis continues to dampen wages
    • Regional differences in wage growth
    • Cumulative wage growth by region
    • Regional difference in wage levels
  • Falling labour shares and equitable growth
    • A smaller piece of the pie for workers across the world
    • The effects of a declining labour share  {If competitive wage cuts are pursued simultaneously in a large number of countries, this may lead to a “race to the bottom” in labour shares, shrinking aggregate demand.)
  • Implications for equitable growth
    • Income distribution and wage levels
    • Better linking productivity and wages
    • Strengthening institutions
    • Reform outside the scope of the labour market
    • Looking beyond wage earners

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