It’s now official: Workers around the world are falling behind. The International Labor Organization’s latest Global Wage Report finds that, excluding China, real (inflation-adjusted) wages grew at an annual rate of just 1.1% in 2017, down from 1.8% in 2016. That is the slowest pace since 2008. In the advanced Group of 20 economies, average […]
Author Archives: Jayati Ghosh
Jayati Ghosh is professor of economics at Jawaharlal Nehru University in New Delhi, executive secretary of International Development Economics Associates, and a member of the Independent Commission for the Reform of International Corporate Taxation.