tutor2u | Slow wage growth in the world economy

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Slow wage growth in the world economy

Geoff Riley

5th December 2014

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.

Read: http://www.bbc.co.uk/news/business-30342993

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


Geoff Riley

Geoff Riley FRSA has been teaching Economics for over thirty years. He has over twenty years experience as Head of Economics at leading schools. He writes extensively and is a contributor and presenter on CPD conferences in the UK and overseas.

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