ILO’s Global Wage Report 2012/2013
The International Labour Organization (ILO) has released a new report entitled “Global Wage Report 2012/2013: Wages and Equitable Growth” looks at differences in wages around the globe and how they have been influenced by the economic crisis. It includes global and regional wage trends and statistics, as well as policy recommendations.
The Global Wage Report contributes to a wider literature on the changes in the distribution and levels of wages within and across countries, as well as on the economic and social implications of these trends. One of the key findings of this literature is the growing inequality in salaries, in terms of functional and personal salary distribution.
In terms of functional salary distribution, which concerns how national salary has been distributed between labour and capital, there is a long run trend towards a falling share of wages and a rising share of profits in many countries. The personal distribution of wages has also become more unequal, with a growing gap between the top. 10% and the bottom 10% of wage earners. These internal “imbalances” have tended to create or exacerbate external imbalances, even before the Great Recession, with countries trying to compensate the adverse effects of lower wage shares on consumption demands through easily accessible credit surpluses.
RELATED UN RESOURCES:
- International Labour Organization: HomePage
- ILO Global Wage Report 2010/2011
- UN Department of Economic & Social Affairs: Report on the World Social Situation
- LABORSTA: World Labour statistics (1969-2008)
- World of Work Report 2012: ‘Better Jobs for a Better Economy’
- Global Employment Trends 2012: Preventing a deeper jobs crisis
Global Trends in Renewable Energy Investment 2011
nvironment for Development(UNEP) has published the Global Trends Report 2011. This report offers an elaborate analysis of Trends and Issues in the financing of renewable energy.Global investment in renewable energy jumped 32% in 2010, to a record $211 billion.In addition to this eye-catching record, the investment activity in developing countries increased strongly. It is the first time the developing world has overtaken the richer countries in terms of financial new investment.
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