International Labour Organization: China's global leader in wage gains
Source: Internet
Author: User
The International Labour Organization is in the world's leading global wage rise? 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 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. 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". In the absence of this segment of the population, as at the end of 2008, there were about 66.76 million "private sector" practitioners in the country's cities and towns, equivalent to 54.75% per cent of those employed in the current labour-wage statistics system. This lack of critical data clearly has a significant impact on the accuracy of the statistical results.
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