On Monday, International Labour Organization announced its two-yearly Global Wage Report.<br />Among other things,... the report showed a worrying slump in wage growth around the world.<br />Hong Yoo reports. <br />The global economy has been on a steady recovery path... since the financial crisis in 2008, this according to a Monday report by the International Labour Organization.<br />Along with global growth, the world unemployment rate has decreased compared to the year 2016.<br />Yet, global wage growth in 2017 fell to 1-point-8 percent,... its lowest-ever since the 2008 financial crisis..<br /><br />The ILO's Global Wage Report... based on data collected from 136 countries showed a 0-point-6 percentage point decrease in global wage last year compared to 2016.<br />But the wage picture is even gloomier without China,... a country which is experiencing rapid economic growth,... with global wage growth seen at a mere 1-point-1 percent when China is excluded.<br /><br />The reports also showed that female workers are being paid about 20 percent less on average than men for work of equal value around the world. <br /><br />"In high income countries the gender pay gap tends to be higher among top income earners, reflecting to some extent, I think, the phenomenon of the glass ceiling, whereas in emerging and developing countries the gap tends to be much greater at the bottom end of the wage scale."<br /><br />One key factor in the gender wage gap was motherhood,... meaning those with children earned less than those who are not mothers.<br />But the gender disparity in wages were also seen among those who hadn't reached motherhood as well.<br />Thus, the report suggests a need to combat stereotypes and gender discrimination in the labour market in order to achieve social justice for women.<br />Hong Yoo, Arirang News. <br />
