Salaries, wages growing at lowest level since 2008 — ILO

0
234


Salaries are still far too low in the developing world with take-home pay growth overall at its lowest since 2008, the International Labour Organisation (ILO) has said.

The UN labour agency in its Global Wage Report 2018/19 released on Monday, also said that pay rose by just 0.4 per cent during last year in advanced economies.

The report, however, said wages grew higher and faster in developing countries in 2017 than in richer nations, at over four per cent.

ILO Director-General Guy Ryder, however, noted that wages in developing countries increasing more quickly than those in…



Read More…..The Nation Newspapers