Global Wage Growth Falls to Lowest Level in a Decade
November 28, 2018
Global wage growth saw a 0.6 percent decline in 2017, according to the International Labour Organization’s Global Wage Report. The report is based on data collected from 136 countries.
Wage growth for the U.S. remained positive, but lagged behind Australia, Germany, and South Korea. Of the advanced G-20 nations, the U.K. fared the worst, with wages stagnating last year.
As a whole, the advanced G-20 nations saw wage growth of 0.4 percent, down from 0.9 percent the previous year. Wages in emerging and developing nations grew by 4.3 percent, down from 4.9 percent.