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The International Labor Organization report found that real wage growth in developed economies has remained nearly unchanged, while developing economies like China and parts of Asia have seen wages grow around 6%. Wage growth in Eastern Europe and Central Asia has also been high. While wages in rich nations are still 3 times higher than in poor countries on average, the report notes increased inequality in developed countries due to job losses and a widening gap between highest and lowest paid workers, thou

Author

Phu Nguyen

Language

EN