Slow wage growth in the world economy

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...

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