Economics
In the News
Slow wage growth in the world economy
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
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