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Global Wage Report 2010/11 : Wage Policies in Times of Crisis by International Labour Office Staff is a book available to read on EtoBox.

What is Global Wage Report 2010/11 : Wage Policies in Times of Crisis about?

The second in a series of ILO reports focusing on wage developments, this volume reviews the global and regional wage trends during the years of the economic and financial crisis of 2008 and 2009. In Part I, the report highlights the slow down in the growth of monthly average wages as well as some short-term fluctuations in the wage share. These changes happened against a backdrop of wage moderation in the years before the crisis and a long-term trend of rising wage inequality since the mid-1990s. Part II of the report discusses the role of wage policies in times of crisis and recovery. Collective bargaining and minimum wages can help achieve a balanced and equitable recovery by ensuring that working families share in the fruits of future economic growth. At the same time, preventing the purchasing power of low-paid workers from falling can contribute to a faster recovery by sustaining aggregate demand. The report shows that policy strategies and design are crucial to ensure that low-paid workers benefit from union representation and minimum wages, and argues that wage policies must be complemented with carefully crafted in-work benefits and other income transfers. Part III conclud

Author
International Labour Office Staff
Publisher
ILO, 2010.
Published
2010
Language
EN
ISBN
9789220241462
Subjects
Political Science, Economics, Business

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