Video News Releases

The broken link: Wages & productivity

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.

Germany: Keeping Their Wages Through Kurzarbeit

15 December 2010

The global economic crisis has cut wage growth worldwide in half. That’s one conclusion of the ILO’s Global Wage Report. When people have less to spend, businesses suffer, and they in turn have to look at ways to cut costs, wages, and even jobs. But in Germany’s tightly run manufacturing sector, employees and employers worked together with the government to protect jobs and maintain wage levels during the darkest days of the crisis.