What is the reason for deceleration of real wage growth

Reference no: EM132135734

Question: The ILO's Global Wage Report states that "in the wake of the financial crisis of 2008-09, global real wage growth started to recover in 2010, but has decelerated since 2012, falling from 2.5 per cent to 1.7 per cent in 2015, its lowest level in four years. If China, where wage growth was faster than elsewhere, is not included, real wage growth has fallen from 1.6 per cent in 2012 to 0.9 per cent in 2015." What is the reason for this deceleration of real wage growth? Answer using data.

Reference no: EM132135734

Questions Cloud

Political issues when dealing with tax issues : As you may have noticed in our discussion forums, there are often ethical or political issues when dealing with tax issues.

Medical office building versus marketing for retail tenants : Discuss how you would approach marketing a medical office building versus marketing for retail tenants.

Assist in collection of delinquent federal tax liabilities : The IRS was allowed to enter into contracts with private collection agencies (PCAs) to assist in the collection of delinquent federal tax liabilities.

Define impact of government regulation : Take a position on whether the banking industry needs more or less government regulation. Support your position with two (2) examples of the impact.

What is the reason for deceleration of real wage growth : The ILO's Global Wage Report states that "in the wake of the financial crisis of 2008-09, global real wage growth started to recover in 2010.

What is X : Other than $X and the $85, there were no other deposits. If the interest rate for the past 6 years has been 8%, what is X

What are the equity and efficiency implications : Illustrate graphically the monopolist's profit maximization problem. Include the monopolist's profit-maximizing price and level of output, any consumer surplus.

Various types of advertising used to attract tenants : In terms of their relative effectiveness, compare the various types of advertising used to attract tenants.

Describe the kinds of policy preferences : Identify a solution that the business community appears to favor for the current annual budget deficit in the US. For example, in the area of health care.

User Account

All Pages