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The following article was published in our article directory on January 11, 2011.
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Article Category: Society
Author Name: xia zihui
China's leading global annual salaries? Is this really the case? Is incorrect data? Are we too greed? Or the society is ill?
The international herald herald "reporter liu Yang from Geneva world economy since 2001 to 2007 has experienced a strong growth cycle, then the financial crisis not only make this growth in peak to an abrupt end, will also major developed economies into the whirlpool of recession, still walking struggling.
Overall economic data are often difficult to let a person visual experience crisis, but all common people's payroll, perhaps is the most intuitionistic ordinary people to feel the world economic health condition of the thermometer.
Recently, the international Labour organization (ILO) announced a entitled "the 2010/11 global wage report investigation report," sun "out of financial crisis has over 100 countries worldwide working-class income change status.
Global wage growth slump
The report analyzes 115 countries pay data that covers a global 94% of laborer, equivalent to the global 98.5% of total wages.
The results show that in 2007, financial crisis, the global average wages before the outbreak of growth (not including China) in 2.2%, And in 2008 or 2009, wage growth fell to 0.8% and 0.7 per cent respectively. And include the world's major economies g20, salary average growth excluding China) decline is more apparent, by 2007 1.8%, drop to 2008 and 2009 0.5%.
These also are deducted after inflation factor of real wages growth, if take no account of inflation, 2009 nominal wage growth fell to bigger, but because the same inflation abates faster, many economies inflation or even negative, make real wages barely maintains weak growth.
Central eastern Europe by the largest
Although, during the crisis wages overall growth is slowing, but countries affected great difference. The most heavily affected by the crisis is eastern Europe and central Asia, the developed countries situation also more severe, but the Asian crisis on almost have no effect.
The biggest decline in real wages is eastern Europe and central Asia, official figures show that the real average wage growth 2007 at an astonishing 0%, rapid fall to 10.6% in 2008, 2009 again fell to -2.2%.
From the region, the most populous country in the Russian perspective, according to the bureau of statistics data, passed by duma country's actual salary increase equally for two consecutive years slipping substantially from 2007 17.3% of 2008, fell to 11.5%, and of the 2009-3.5%. The region another superpower Ukraine's wage increase equally 2009 was even fall to - 8.9%.
Developed countries early negative
Main developed countries the situation is not optimistic, and in the international labor organization statistical 28, 2008 in the developed countries have 12 countries in real wages level drops in 2009 will have seven countries decline.
Some main developed countries such as the United States, during the crisis wage shown negative growth. BLS data show that the 2008 us actual average wage growth for -, but this data 1.1% appeared in 2009, improved obviously to 1.5%.
Japan, the actual situation more severe average wage growth in 2008 and 2009-1.9% for two consecutive years, to reignite wage and price deflation anxiety.
Due to the pillar industry banking huge losses, Iceland became the most serious negative influence by the crisis of the developed countries, the country's actual salary level in 2008 or 2009 accumulative fell to 12.9%.
Even always leading economies of Europe Germany will suffer, salary levels dropped spells, actual economic crisis erupted in early, before the country's wage levels already appeared to decline in 2006 by 0.9%, then drop though gradually narrowing, but never get rid of decline channel.
For the developed economies, it may serve only to expose the crisis problem catalyst, long-term data show that the major developed economies since 1999 actual wages rose by only about 5% of the accumulative. Maybe the population decline, population structure aging, economic development, a lack of motivation and new growth, etc profound reason is wages long-term sluggish appear even retrogress roots.
Asian monolith
Asia is affected by the crisis minimal impact on area, also from the crisis to recover the fastest. Asian economy has become the main driver of world economic growth, in wages aspect is no exception.
According to international Labour organization for Asia wage change situation tracking statistics, 2006 until 2009, Asia's real wages average growth (calculation China) always remained a high of 7 percent increase in the future. For the 2007 year 2008 7.2 per cent, flat and 7.1 per cent, 2009 to 8.0% for further.
Beyond China, India in this crisis is also a remarkable run, seal officials say the country in 2008, the average wage growth for 8.3. This figure is not only far beyond its 2007-0.6 per cent growth in 2008, but also more than the average growth in Asia.
In addition, from nearly 10 years of circumstance looks, Asia's salary from 1999 until 2009 doubled over the whole things, with many developing regions, along with promoting global average wage during this period increased by nearly a quarter.
China's leading world, or "be" growth?
In the global wages for crisis or stagnation, or not into reverse retreat moments, China's average wages for successive years of double-digit growth momentum. China's national bureau of statistics to provide the data show that in 2007 China deducted after inflation actual average wage growth for 13.1%, in 2008, 2009 by 11.7% for 12.8%.
But since China statistical data until 2009 began to "private unit" laborer salary counted, some scholars think statistical results do not comprehensively and objectively reflect the overall wage level fluctuant circumstance, laborer salary have "be" growth disrelish.
Statistics data absent in this part of the group will tell, up to the end of 2008, the town "private unit" employees about 6676 million, equivalent to the current labor wage statistics system contains 54.75% staff. This part of the key data deletions, will certainly to statistics result accuracy cause bigger impact.
In addition, the national bureau of statistics 2009 to "private unit" wage level changes the preliminary survey results showed that the average salary for 6.6% growth areas. Combined with the above two points, easy to deduce that wage growth does exist certain degree overvalued, but after adjustment to join "private unit" figures at least should still higher than the global average 6.6%, significantly.
Global income differentiation intensified
International Labour organization study found that, since the 1980's, worldwide share in social wages, namely, the proportion of the total output in wages declining trend. Share
The group selected a 24 countries as the research object, these countries in 1980 to 2007 during the wage share data analysis, including 17 countries wage share drop, this trend until after the financial crisis, just have a certain change.
Another long-term trend is that in the past 15 years, more than two-thirds of the country low wages employment is increasing, meanwhile high-income group also increases rapidly, income inequality intensifies, forming the top earners "fly" most people, and low-income "bottom sunken" differentiation pattern.
Unfair distribution exacerbated the crisis degree
Report another conclusion is, salary share long decline, wage gap and global economic crisis link between.
Crisis before income inequality in long-term increasingly fierce, the money from low-income families with high consumption tendency and turned toward the consumption less savings higher income families, causing spending power inadequate, leading to social total supply and overall demand not match, in certain level aggravate the crisis.
The report proposes future economic recovery need to rely on family wage income effective growth, promoting consumption, and guide the world economy out of the pool.
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