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November 27, 2018
Geneva, Switzerland, November 27 (Infosplusgabon) – Wages have increased significantly and faster in poorer countries than in richer countries, but wages are still too low in developing countries, announced Monday. the International Labor Organization (ILO), with growth overall at its lowest level since the 2008 global recession.
According to the Global Wage Report 2018/19, wages rose by only 0.4% in the last year in advanced economies, but increased by more than 4% in developing countries, according to a statement from 'UN.
"We note, without exaggerating, a degree of convergence," said ILO Director-General Guy Ryder, noting that "wages in developing countries are growing faster than those in high-income countries."
"That sounds like good news because we all want to see convergence in the world … But let's not exaggerate, because the gaps are still too big. Very often, the level of wages is not yet high enough for people to be able to meet their basic needs, "he added.
According to the statement, global wage growth fell overall to 1.8% in 2017 from 2.4% in 2016.
The results are based on data from 136 countries. The ILO report also revealed that over the past 20 years, average real wages have almost tripled in emerging and developing G20 countries, while they have increased by only 9% in advanced economies. G20.
Faced with so low wage growth in the richest economies in 2017 – with wage growth at its lowest level in 10 years – the ILO leader noted with concern that this had occurred despite a recovery of world production.
"It is amazing that in high-income economies we are witnessing slow wage growth alongside a recovery in GDP growth and declining unemployment," Ryder said.
"Wages are still growing much less slowly than productivity … I think that has implications for demand; if you do not have money in your pocket, you can not spend money, "he said, noting that" if you can not spend money, businesses suffer " and that "investment opportunities are becoming scarce".
The statement said, for the first time, that the ILO report also focuses on the overall pay gap between men and women, using data from 70 countries and 80% of employees worldwide.
His findings indicate that despite significant regional differences, men continue to be paid about 20% more than women; "Perhaps the biggest injustice in the world of work," Ryder said.
"This is totally at odds with this fundamental principle of equal pay for work of equal value," he added, noting that it was "in the ILO's constitution for 100 years" and was one of the goals that the international community agreed to achieve by 2030, within the framework of the United Nations Sustainable Development Goals.
In high-income countries, the pay gap between men and women is at the highest level of the highest paid jobs. In the ILO report, however, the gap is largest in low- and middle-income countries. To save
His data also suggest that traditional explanations of this situation – such as differences in educational levels between working men and women – play only a "limited" role in explaining wage differentials between men and women. women.
"In many countries, women have higher levels of education than men, but earn lower wages, even when working in the same occupational categories," said ILO expert Rosalia Vazquez-Alvarez. "Salaries for men and women also tend to be lower in female-dominated businesses and occupations."
To reduce the gender pay gap, she recommended a greater focus on pay equity between men and women and a reduction in the value placed on women's work.
FIN / INFOSPLUSGABON / AZE / GABON2018
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