Wage growth has fallen into the red in developed countries the International Labor Organization said. If China was omitted from the equation, global wages grew by just 0.2
percent last year from 1.3 percent in 2010 and 2.3 percent in 2007.
In developed economies, labor productivity has increased more than twice as much as wages since 1999.
In the U.S., hourly labor productivity in the non-farm business sector increased by about 85 percent, while earnings only increased by about 35 percent since about 1980.
In Germany, labor productivity surged by almost a quarter over the past two decades, while wages remained flat. n In China -- a country where wages roughly tripled over the last decade -- the labor share went down as gross domestic product increased at a faster rate than the total wage bill.
In developed economies, labor productivity has increased more than twice as much as wages since 1999.
In the U.S., hourly labor productivity in the non-farm business sector increased by about 85 percent, while earnings only increased by about 35 percent since about 1980.
In Germany, labor productivity surged by almost a quarter over the past two decades, while wages remained flat. n In China -- a country where wages roughly tripled over the last decade -- the labor share went down as gross domestic product increased at a faster rate than the total wage bill.
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