International Labor organization to bask in world wages China's wages rise global lead

The International Labour Organization "bask" in global wages China's wage rise is the world leader? Is it true? Is the data inaccurate? Are we too greedy?　　Or is this society sick?　　International Herald leader Liu Yang from the Geneva world economy has undergone a strong growth cycle from 2001 to 2007, and the ensuing financial crisis has not only halted the peak of this round of growth, but has also thrown the major developed economies into a spiral of recession, still struggling.　　Overall economic data is often difficult to visualize the impact of the crisis, but the wages of ordinary people, perhaps ordinary people can most intuitively feel the world's economic health of the thermometer.　　Recently, the International Labour Organization (ILO) published a report called the 2010/11 Global wage Report, "sun" the financial crisis since the global income of workers in more than 100 countries.　　The report, which analyses wages in 115 countries, covers 94% of the world's workforce, equivalent to 98.5% of global payroll. The results showed that, before the financial crisis began in 2007, average global wage growth (excluding China) was 2.2%, while wage growth in 2008 and 2009 fell to 0.8% and 0.7% respectively.　　The 20-nation group, which includes the world's major economies, has fallen even more sharply (excluding China), from 1.8% in 2007 to 0.5% in 2008 and 2009.　　These are also inflation-adjusted real-wage growth, which, if inflation is not considered, will have a bigger drop in nominal wages in 2009, but with inflation falling faster in many economies and even negative inflation, real wages are barely growing at a weak rate. Central and Eastern Europe fell the most although, during the crisis, the overall growth rate of wages slowed, but the extent of the impact of different countries.　　The worst-affected countries are Eastern Europe and Central Asia, where the developed world is also more severe and the crisis has little impact on Asia.　　The biggest drop in real wages was in Eastern Europe and Central Asia, with official figures showing an astonishing 17% per cent growth in real wages, which fell sharply to 10.6% in 2008 and again to 2.2% in 2009. From Russia, the region's most populous country, according to the statistics of the Russian Federal Statistical Office, the average real wage growth in the country has fallen sharply for two consecutive years, from 17.3% in 2007 to 11.5% in 2008 and 3.5% in 2009.　　Ukraine, another big country in the region, has averaged 2009 years of wage growth, or even 8.9%.　　The situation in the developed countries is also not optimistic, in the 28 developed countries surveyed by the International Labour Organization, the level of real wages in 12 countries fell in 2008 and 7 in 2009. Some major developed countries, such as the United States, have seen negative wage growth during the crisis. U.S. Bureau of Labor StatisticsData show that in 2008 the actual average wage in the United States grew to 1.1%, but this data in 2009 showed a marked improvement, reaching 1.5%.　　Japan's situation is even tougher, with real wage growth of 1.9% in 2008 and 2009 for two consecutive years, sparking renewed concern about wage and price deflation.　　As a result of huge losses in the pillar industry, Iceland became the most negatively affected developed country, and its real wages fell by 12.9% in 2008 and 2009.　　Even Germany, which has always been the leader of the European economy, has been hard to escape the curse of declining wages, which, in fact, had fallen in wage levels before the onset of the economic crisis, falling by 0.9% per cent in 2006, and has not yet shaken off its downward trend since then. For advanced economies, the crisis may be only a catalyst for exposure, and long-term data suggest that real wages have risen by only about 5% per cent in the major developed economies since 1999.　　Perhaps the decline in population, the aging population structure, the lack of economic development and new growth, such as the root causes of the long-term stagnation of wage levels and even setbacks. Asia's one-show region is the least affected by the crisis and the fastest-growing region in the crisis.　　The Asian economy has become the driving force for world economic growth, and it is no exception in terms of wage levels. According to the International Labour Organization's tracking of wage movements in the region, the average real wage growth rate in Asia in 2006-2009 (calculated in China) has maintained a high level of growth of more than 7% per cent.　　2007 was 7.2%, 2008 was roughly flat with the previous year, to 7.1% and 2009 to 8%. In addition to China, India has fared well in the crisis, with official figures saying that the country's average wage growth in 2008 years is 8.3%.　　That figure goes well beyond the country's 2007-year rate of 0.6% per cent, and more than the average Asian growth rate in 2008.　　In addition, in the past 10 years, wages in Asia have doubled from 1999 to 2009, with many developing regions pushing global average wages to grow by nearly one-fourth per cent during this period.　　Is China leading the world or is it growing? At a time when global wage levels have been in crisis or stagnation, or are not in retreat, China's wage average has been double-digit growth for years in a row.　　According to data from the China National Bureau of Statistics, the real average wage rate in 2007 after China's inflation factor was 13.1%, 2008 was 11.7% and 2009 was 12.8%.　　However, since China's statistics did not begin to include "private sector" workers ' wages in the statistical range until 2009, some scholars believe that the statistical results do not reflect the overall wage level change comprehensively and objectively, and that workers ' wages have been "increased". For this segment of the population that is missing from the statistics, by the end of 2008, the national Town "private singleEmploys about 66.76 million people, equivalent to 54.75% of the employees in the current labour-wage statistics system.　　This lack of critical data clearly has a significant impact on the accuracy of the statistical results. In addition, a preliminary survey of the changes in wage levels in the "private Sector" in 2009 by the National Bureau of Statistics showed an average wage growth rate of 6.6% per cent in the sector.　　Combined with the above two points, it is not difficult to infer that wage growth is indeed somewhat overvalued, but after adjusting to the "private sector" the number should still be above 6.6%, significantly more than the global average.　　The global income polarization intensifies the International Labor Organization study found that since the 80 's, the world's share of wages in the total social output of the proportion, that is, the share of wages has been a continuous downward trend.　　The organization took 24 countries as subjects to analyse the wage share data from 1980 to 2007 for those countries, 17 of which had a declining share of wages, a trend that had not changed until the financial crisis erupted.　　Another long-term trend has been the increase in low-wage employment in more than two-thirds countries over the past 15 years, while high income groups have increased rapidly and income inequality has intensified, creating a pattern of "bottom collapse" of the top earners "flying off" the majority and low-income earners.　　A further conclusion of the report on the degree of inequality in income distribution is the long-term decline in wage share, the widening of the wage gap and the link between the global economic crisis.　　Before the crisis, income inequality has been growing, the money from the low-income families with high propensity to consume tend to the high-income families with less consumption and higher savings, resulting in insufficient consumption power, resulting in a mismatch between total social supply and aggregate demand, and to a certain extent exacerbating the crisis. The report suggests that future economic recovery needs to rely on the effective growth of household wage income, drive consumption, and guide the world economy out of the mire.