The following summary of the article came from the UALEINDIV mailing list.
See the attachment for the article.
*"Global trends since the economic crisis have shown a general decrease in
real wage growth. In this week’s column, Patrick Belser argues that there
has been a long-term convergence in wages throughout the world,
notwithstanding this decrease. *
* *
*"This convergence has been driven by the simultaneous stagnation of wage
growth in the developed countries and the faster growth of wages in the
developing regions. Belser argues that the uneven growth of real wages in
developed regions exacerbates the low wage problem and leads to increased
inequality in those regions.*
* *
* "As the most adversely affected people are at the bottom of the wage
distribution, Belser argues for minimum wage policies to support those
workers who receive low pay.*
* *
*"Patrick Belser is the principal editor of the ILO Global Wage Report.
Before working on wages, he spent 5 years with the ILO programme on
fundamental principles and rights at work and co-edited a book called **Forced
Labor: Coercion and Exploitation in the Private Economy, published in 2009
by Lynne Rienner. *
* *
--
Eugene McElroy
Library Associate
School of Management and Labor Relations
SMLR Library
Rutgers University
50 Labor Center Way
New Brunswick, NJ 08901
(732) 932-9513
