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Home / Indonesia / Grassroots / Economy
Are wages converging?
18-04-2013











GENEVA -  The ILO recently published a report showing that in the last decade, real wages – adjusted to reflect purchasing power – had doubled in Asia, almost tripled in Eastern Europe and Central Asia and increased by 15% in Latin America. That compares with a rise of just 5% in developed economies. These trends confirmed what we already know about the direction of the current changing regional dynamics.....



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