ILO Release Global Wage Report 2016-2017 (Shift Over. Cannot Complete Today)

JAKARTA, Sep 20 (Antara) - The International Labour Organization had launched a report on Global Wage for the year of 2016-2017, specifically focusing on wage inequality in the workplace. According to the data released earlier by the ILO, real wage growth has declined globally from 2.5 percent in 2012 to 1.7 percent in 2015, the lowest level in four years. The International Labour Organization (ILO) Country Office for Indonesia and Timor Leste's National Programme Officer Christianus H Panjaitan said in his introduction during the report¿s launch in Jakarta¿s Ritz Carlton hotel, Tuesday that the ILO had come up with the Labour Standards in Global Supply Chains which aim to improve the lives of workers and increase the decent work opportunities especially in the global garment sector supply chain, starting with beneficiary countries. ¿The Initial Objectives include participatory and evidence-based wage policy and collective bargaining, labour standards compliance and the institutional capacity of the ILO¿s tripartite partners,¿ he stated. The report that had just been launched suggested that over the past few years there has been a growing recognition of the need to monitor wage trends and implement sustainable wage policies that prevent wage stagnation, raise the levels of pay, ensure fair distribution, reduce excessive wage and income inequalities and buttress consumption as a key pillar of sustainable economies. After carrying out their research, the ILO then recognized that lower wage growth is found in emerging and developing economies. ¿Among emerging and developing G20 member countries, real wage growth fell from 6.6 percent in 2012 to 2.5 percent in 2015,¿ the report stated, adding that in contrast, wage growth increased in the developed countries. ¿In developed G20 member countries, real wage growth went from 0.2 percent in 2012 to 1.7 percent in 2015, indicating the highest rate within the last ten years.