Global analysis highlights low wage growth and gender pay gap

Global

The International Labour Organisation's (ILO) Global Wage Report 2018-19 finds that wage developments in high-income countries declined from 0.9% to 0.4% from 2016 to 2017. This trend is puzzling for the ILO in the context of a recovery in economic growth and falling unemployment and it argues that wage stagnation is an obstacle to further economic growth and rising living standards. The report also looks at the gender pay gap and using a new way of analysing the difference in men and women's pay finds that the gap has been underestimated in many countries.

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