Economic Sharpness

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International Labour Organization: Real wages will continue to decline this year

Xinhua Beijing, November 4, according to the United Nations web site reported that the International Labor organization November 3 issued a report said, affected by the global economic crisis, labor real wages in 2008 years, and despite the current emergence of some preliminary signs of economic recovery, the expected real wages will continue to fall further this year. The report notes that of the 53 countries that provided the data, the median wage growth rate fell from 4.3% in 2007 to 2008 years of 1.4% per cent. Of the 10 members of the group of 20, the median wage growth rate was reduced from 1% in 2007 to 2 per cent.

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