In the News
Slow wage growth in the world economy
5th December 2014
Stagnant wage growth has many root causes and affects hundreds of millions of workers around the world, not least in slow-growing advanced countries. Global wage growth barely scrambles above 1% per year when wage increases in China are taken out of the calculation. Linda Yueh's article looks at some of the reasons for low wage inflation - one consequence for the UK government is a lower than expected tax take from income tax and national insurance contributions.
Read: http://www.bbc.co.uk/news/business-30342993
Video from the Chief Economist of the International Labour Organisation: http://www.ilo.org/global/about-the-ilo/multimedia...
Find out more about the work of the International Labour Organisation via their You Tube channel: https://www.youtube.com/user/ILOTV
Geoff Riley
Geoff Riley FRSA has been teaching Economics for over thirty years. He has over twenty years experience as Head of Economics at leading schools. He writes extensively and is a contributor and presenter on CPD conferences in the UK and overseas.
You might also like
Competitiveness
Study Notes
The scale of global gambling losses
16th September 2015
The IMF under the spotlight
9th March 2016
The World in Economic Transition
10th July 2017
Globalisation and Inequality (Revision Essay Plan)
Practice Exam Questions
Containerisation
Topic Videos
UK workers suffer biggest hit to real wages since records began
17th August 2022
