Friday, December 16, 2016

Wages at their lowest level of increase since the recession of 2008, says the ILO – El Heraldo de Saltillo

wage

The Global Wage Report 2016-2017 of the International Labour Organization (ILO) revealed that salaries increased only 1.7% at the global level in 2015, mainly due to the slowdown of the economy in countries in via of development.

"There are strong signals of a serious economic recession in countries with emerging economies, where we were making progress before," said Deborah Greenfield, deputy director-general of ILO Policies. The factors that would be influencing this trend include the decrease in the price of oil and raw materials.

The report, presented in Geneva, he also pointed out that inequality is on the rise, particularly in countries like India, where 10% of the population earn almost 43% of all wages paid.

For their part, the industrialized countries, reached the highest level of wages in 10 years, but gender inequality continues.

"Not everyone who is receiving high wages in the companies they receive it in the same way. The wage gap between men and women that it has spoken in general in the population, is something that we also observed in those women and men who are in high positions," said Rosalia-Vasquez-Alvarez, an economist with the ILO.

According to the report, in Europe for example, women receive 20% less time than their male colleagues. (CENTRE)



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