The ILO has published its global report on wages.
Two highlights:
a) While wages in developing countries continue to grow, those in developed countries are less dynamic.
Thus, the increase in global purchasing power is divided by two in 2008 and 2009 if we remove China!
Similarly, the dynamics of wages in developed countries (5% over ten years) is much lower than developing countries (+234% in ten years in Central Europe / Central Asia).
There is nothing here that's quite normal: the salaries of those is the redistribution of part of the value produced. No wonder that this share grow faster in countries that are currently "up the chain value "in the country (ie, whose employees are migrating from agriculture to industry) that in countries where the rise of the value produced is more to increase the productivity of existing activities .
b) Africa is growing stronger purchasing power of wages (16%), three times higher than developed countries, and higher than the Latin American / Caribbean
Although the situation in Africa is very mixed, these figures confirm recent studies that confirm a launch.
total, should be welcomed or regret these wage increases?
Optimists might conclude that the increased purchasing power of developing countries is an asset and creates markets for our products. It also creates a premium on political stability / economic impact that could have a "peacemaker." Pessimists will note
that this growth is likely to drive prices of raw materials (oil, metals ,....) upward, which could slow growth in developed countries.
As always, the result will be a "premium agile": developed countries can develop emerging markets while reducing their consumption of nonrenewable resources will be winners, those who lock themselves in the oncoming lane will lose. In this regard, we could follow the example of Germany, whose economic recovery is not unconnected with the taste for exports, and ecology ...
