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The International Labour Organisation’s (ILO) annual report on
wages provide important data on the recent trade of very low wage growth. The
ILO is concerned not only about the impact of these trends on workers’ living
standards and income inequality but also on the global economy and the threat
of deflation taking hold in some parts of the world. It also warns against
policies that aim to reduce wages to make exports more competitive as they
threaten a downward wage spiral and so would be self-defeating. Sandra
Polaski, the ILO’s Deputy Director-General for Policy, argues for a
comprehensive strategy that would "include minimum wage policies,
strengthened collective bargaining, elimination of discrimination against
vulnerable groups, as well as progressive taxation polices and adequate
social protection systems.” Read
more at > ILO (EN) And
in Spanish at > OIT And
in French at > OIT
Advice from EPSU
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