Current Affairs - International - Discussion

According to an annual report named- "Global Wage Report 2018/19: What Lies behind Gender pay gaps", released byInternational Labour Organisation (ILO), India recorded the highest average real wage growth in South Asia during 2008-17. The Global wage growth in 2017 was not only lower than in 2016, but fell to its lowest growth rate since 2008. In the advanced G20 countries, real wage growth declined drastically especially in Europe (excluding Eastern Europe) countries like France, Germany, Italy and Spain. In emerging and developing countries of the G20, real wage growth has fluctuated in recent years, rising from 2.9 per cent in 2015 to 4.9 per cent in 2016, and then falling back to 4.3 per cent in 2017. Workers in Asia and the Pacific have enjoyed the highest real wage growth among all regions over the period 2006-17 led by countries such as China, India, Thailand and Vietnam.