Global Wage Report 2014/15

Global wage growth down since the financial crisis with no sign of recovery - alerts the ILO

Wage growth around the world slowed in 2013 to 2.0 per cent and has yet to catch up to the pre-crisis rates of about 3.0 per cent, according to the ILO's Global Wage Report 2014/2015. A modest wage growth was driven by some emerging economies where wages increased by 6.7 per cent in 2012 and 5.9 per cent in 2013. "By contrast, in developed economies wages are stagnated, leading to decreasing living standards and an increase of inequality, closely linked to wage inequality" said Sandra Polaski, the ILO’s Deputy Director-General for Policy.

Date issued: 05 December 2014 | Size/duration: 00:02:06