US wages and salaries rise at record-low levels
Posted On Nov 4, 2009 at at 5:52 PM by webabuserBy Andre Damon 31 Oct 2009
Employment costs in the US rose at the lowest annual amount in at least 27 years, according to data released Friday by the Labor Department. Stagnant wages and salaries are the outcome of government policies designed to lower the living standards of workers.
Over the past 12 months, the Labor Department’s Employment Cost Index rose by 1.5 percent, marking the lowest wage and salary growth since these figures started to be collected in 1982. Read all
More: Workers' wages to fall further, International Labour Organization warns
The International Labour Organization (ILO) warned Tuesday that global growth in workers' real wages, which fell sharply in 2008, will decline even more in 2009, despite what is being touted by governments around the world as an economic recovery.
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