The International Labor Organization recently released a report suggesting that real

wage growth in developed economies is nearly unchanged.

Real wages include the effects of inflation.
Developing economies are mainly responsible for world wage growth.
The ILO report says world wage growth is below the 3 percent rate that existed before
the economic crisis of 2008. Commented [TN1]: Khủng hoảng kinh tế.

It says wage growth has slowed to nearly zero percent in developed economies in the
last two years.
However, in developing economies like China and other Asian Nations wages have
been growing by six percent.
Wage growth in Eastern Europe and Central Asia is almost as high.
The ILO report says wages in rich nations are still 3 times higher than in poor
countries.
It says workers in developed countries earn $3000 a month on average.
Compare to $1000 a month for developing nation.
The report says developed nations have increased inequality because of job losses and Commented [TN2]: Sự bất bình đẳng.

big differences between the highest and lowest wage earners.

That difference between highest and lowest wage earners decreased in some
developing countries.
The ILO says minimum wage policies, rules for the lowest permitted wages, can play a
strong part in dealing with poverty and inequality.
Sandra Polaski is the Deputy Director-General for Policy at the ILO.
She disagrees with conservative critics of minimum wage policy. Commented [TN3]: Nhữ ng ngườ i chi ̉ tríc bảo thủ.

They say higher minimum wages mean fewer jobs.

However, Ms. Polaski says employers often find way to increase productivity to make
up for the added cost of wages.