Pay rises faster for top 1% of earners in developed world – report

OECD says wage growth is still ‘missing in action’ across 35 nations it represents

Pay is rising much faster for the top 1% of earners compared with those on average salaries in the richest countries, according to a report calling on governments to do more to tackle “wageless growth” since the financial crisis.

Despite more people being in work than at any time since the onset of the banking crisis a decade ago, the Organisation for Economic Co-operation and Development said wage growth was still “missing in action” across the 35 countries represented by the Paris-based group of wealthy nations.

Related: UK single-breadwinner families need 27% boost in income – report

Continue reading…

Leave a Reply

Read the original at Economics | The Guardian.