WUNRN

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FALLING FORMAL ECONOMY WAGE SHARE & RISING INCOME INEQUALITY - STUDY

PROTRACTED & COMPOUNDED FOR WOMEN  + ISSUES OF WOMEN IN THE INFORMAL ECONOMY

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Wage-Led Growth - An Equitable Strategy for Economic Recovery

Inequality Is Not Inevitable

This new ILO book shows that the growing gap between the rich and the poor is only partially associated with technological change. The divide is mostly the result of economic and institutional policies that preceded the global economic and social crisis and were exacerbated by it.

This original and extensive study examines the causes and consequences associated with the falling wage share and rising inequality in income distribution, relating to both aggregate demand and labour productivity.

 

From ILO Report on Global Employment Trends for Women - BELOW:

Women face particular challenges both in terms of the sectors in which they wish to work as well as the conditions they work under. Promoting gender equality and empowering women is vital to achieving decent work for all and finally stamping out the discrimination that has plagued labour markets."

 

Direct Link to Full 4-Page ILO 2014 Report EXECUTIVE SUMMARY:

http://www.ilo.org/wcmsp5/groups/public/---dgreports/---dcomm/---publ/documents/publication/wcms_218886.pdf

Offered in English, French, and Spanish

 

Review by Sangheon Lee, ILO Senior Economist - 28 January 2014

When more than 2,500 of the world’s business and political leaders met in Davos in January, many saw the growing gap between rich and poor as the biggest threat to the global economy.

Over the last 20 years, income distribution has shifted in favour of the rich, while the relative income position of the poor and of much of the middle class was deteriorating in most countries, including global economic powers such as the United States, Germany and China.

According to the new ILO book, “Wage-led growth: An equitable strategy for economic recovery”, this trend is only partially associated with technological change.

The main reason workers are getting a smaller share of national income are policies over the last 30 years that have distributed income in favour of capital and against labour. What is called the labour income share began to fall around the 1980s in many advanced economies, including the United States and Japan, and a similar trend has been observed in recent years in emerging countries, notably China.

In addition, this smaller share of labour income was distributed more and more unequally between workers – with striking results.

The new book portrays a rather depressing but familiar picture. For the advanced countries, the labour income share on average has decreased by about 10 percentage points from the peak level of the late 1970s. Yet this significant reduction hides even wider income inequality, as the top 1 per cent of earners are included in the labour income share. If the top 1 per cent were not taken into account, the share the ordinary workers get would fall by another 2 to 6 percentage points......

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----- Original Message -----

From: WUNRN ListServe

To: WUNRN ListServe

Sent: Wednesday, March 27, 2013 10:21 AM

Subject: ILO - 2012 Global Employment Trends for Women

 

WUNRN

http://www.wunrn.com

 

ILO - International Labour Organization

http://www.ilo.org/global/publications/books/forthcoming-publications/WCMS_190354/lang--en/index.htm

 

ILO - 2012 GLOBAL EMPLOYMENT TRENDS FOR WOMEN

 

Link to 8-Page Summary:

http://www.ilo.org/wcmsp5/groups/public/---dgreports/---dcomm/documents/publication/wcms_195449.pdf

 

Link to Full 71-Page Report:

http://www.ilo.org/wcmsp5/groups/public/---dgreports/---dcomm/documents/publication/wcms_195447.pdf

 

Women face particular challenges both in terms of the sectors in which they wish to work as well as the conditions they work under. Promoting gender equality and empowering women is vital to achieving decent work for all and finally stamping out the discrimination that has plagued labour markets. This publication considers a wide variety of quantitative data collected from around the globe, organizing it into a format that projects the causes and effects of gender-related employment trends. It also analyses policy considerations that affect gender and employment.

The Global Employment Trends for Women 2012 report focuses on the gender dimensions of labour underutilization and gender inequalities. As the global jobs crisis continues unabated, the report analyses trends in employment opportunities and the extent of unemployment, but it is also concerned with developments in employment quality. To this end, the report analyses recent trends and gender gaps in different employment categories, including sectoral and occupational segregation in labour markets. It also illustrates the main factors at the household level that influence female labour market outcomes, presents examples of good practices and highlights key policy areas for reducing gender-based inequalities around the world.

 

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