Thursday, January 10, 2019

Poor wage growth in rich world despite jobs recovery

Despite jobs recovering to pre-Great Recession levels or higher, wage growth has been near-stagnation levels in several countries with workers down the economic pyramid taking much of the pain.

Real wages in the period 1999-2017 have almost tripled in the emerging and developing countries of the G20 (Group of Twenty comprising 19 countries + the European Union), while in advanced G20 countries they have increased by a much lower total of 9%.