07 December 2012
Productivity is growing worldwide but wages are not keeping pace. That’s one of the conclusions of the Global Wage Report by the International Labour Organization. The report also confirms a continuing trend: employees in developing and emerging economies are earning more than they were before the global economic crisis began while workers in richer, developed countries are seeing their pay stagnate or even decline.
01 May 2012
The world needs to create 50 million jobs to return to pre-crisis employment levels, according to the ILO's World of Work 2012 report, but fiscal austerity and tough labour market reforms threaten the scenario for a true jobs recovery.