Global Wage Report 2010/2011: An Interview with the ILO's Manuela Tomei
With the launch of the ILO's Global Wage Report 2010/2011, ILO TV interviews Manuela Tomei, Director of the ILO Conditions of Work and Employment Programme (TRAVAIL). Based on an analysis of wages in 115 countries, the report says the financial and economic crisis cut global wage growth by half in 2008 and 2009. The increasing discrepancy between low-wage and high-wage earners has had a deleterious effect on consumption worldwide. The interview highlights how several national recovery schemes and measures have worked to buffer wage stagnation and avoid lay offs, thus hastening a sustainable economic recovery.