Report to G20 outlines jobs and wages disaster - World Socialist Web Site
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Report to G20 outlines jobs and wages disaster
By Nick Beams
11 September 2014
A report prepared for a meeting of G20 labour ministers held in Australia yesterday and today has highlighted the ever-worsening jobs market in all the advanced capitalist countries and the ongoing decline in the share of wages in national income.
Authored by the International Labour Organisation (ILO), the Organisation for Economic Cooperation and Development and the World Bank, the report said economic growth would “remain below trend with significant downside risks for the foreseeable future.”