Stagnant wage growth has many root causes and affects hundreds of millions of workers around the world, not least in slow-growing advanced countries. Global wage growth barely scrambles above 1% per year when wage increases in China are taken out of the calculation. Linda Yueh's article looks at some of the reasons for low wage inflation - one consequence for the UK government is a lower than expected tax take from income tax and national insurance contributions.
Video from the Chief Economist of the International Labour Organisation: http://www.ilo.org/global/about-the-ilo/multimedia...
Find out more about the work of the International Labour Organisation via their You Tube channel: https://www.youtube.com/user/ILOTV
© 2022 Tutor2u Limited. Company Reg no: 04489574. VAT reg no 816865400.