ILO Global Wage Report finds growth lowest since 2008 & women earning 20% less than men
Author: International Labour Organization (ILO), Published on: 29 November 2018
"Global Wage Report 2018/19: Global wage growth lowest since 2008, while women still earning 20 per cent less than men", 26 November 2018
Global wage growth in 2017 fell to its lowest rate since 2008, far below levels before the global financial crisis, according to a new International Labour Organization (ILO) report.
The Global Wage Report 2018/19 finds that in real terms (adjusted for price inflation) global wage growth declined to 1.8 per cent in 2017 from 2.4 per cent in 2016. The findings are based on data from 136 countries...
In the last 20 years, average real wages have almost tripled in emerging and developing G20 countries, while in advanced G20 countries they have increased by just 9 per cent... But, in many low- and middle-income economies, wage inequality remains high and wages are frequently insufficient to cover the needs of workers and their families.
The report... finds that globally women continue to be paid approximately 20 per cent less than men... in high-income countries it is at the high end of the pay scale that the gender pay gap is wider, while in low- and middle-income countries the gender pay gap is wider amongst the lower paid workers...
Surprisingly, the evidence shows that even before women reach motherhood, there is already a pay gap. This suggests a need to combat stereotypes and discrimination at the point of entry into the labour market.