Wage Growth Is ‘Missing in Action’ and Workers Are Not Happy
- OECD says gains from recovery have not been shared equally
- Italy’s government is fighting business over workers’ rights
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The weak wage growth that’s characterized global labor markets since the financial crisis has hit poorer workers most, compounding inequalities and fueling dissatisfaction, according to the OECD.
The Paris-based body said pay increases are “missing in action,” even with rising employment, and any gains haven’t been equally distributed. In its Employment Outlook, the OECD said real labor incomes of the top 1 percent of earners have risen much faster than those of median full-time workers.