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Auteur: Daniël Verhoeven

Bron: International Labor Organisation, 15 December 2010, ILO

ILO says economic crisis cut global wage growth by half

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The financial and economic crisis has cut global wage growth by half in 2008 and 2009, says a new report by the International Labour Office (ILO).

Analyzing data from 115 countries and territories covering 94 per cent of the approximately 1.4 billion wage earners worldwide, the “Global Wage Report 2010/11 – Wage policies in times of crisis” says globally, growth in average monthly wages slowed from 2.8 per cent in 2007, on the eve of the crisis, to 1.5 per cent in 2008 and 1.6 per cent in 2009. Excluding China from the aggregate, the global average wage growth drops to 0.8 in 2008 and 0.7 in 2009.

The report cites considerable variations in wage growth rates across regions, saying that while wage growth slowed but remained consistently positive in Asia and Latin America, other regions such as Eastern Europe and Central Asia experienced a dramatic fall. Advanced economies experienced a drop in the level of real wages which fell in 12 of 28 countries in 2008 and in seven in 2009.

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Extra Bronnen:

Krisis keldert de groei van de lonen

Crisis keldert loongroei. Wat nu?


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