- Apr 2013
- La La Land North
The markets have a way of self correcting if they are given a chance. Far from cured, but moving that way.
Rest of article at BBC News - Rise in Asia's wages outpace rest of the worldThe Asia Pacific region has outperformed the rest of the world when it comes to wage growth, according to an International Labour Organisation (ILO) report.
Annual average incomes rose 6% in the region, compared to a global average growth of 2% in 2013.
Wages in China have risen the fastest, up 9%, according to the UN body.
But despite the big gains, wages in many countries in the region were still much lower than in developed economies.
Even though wages in Asia have risen almost two-and-a-half fold since the beginning of the century, the report said "one third of the region's workers remain unable to lift themselves and their families above the international poverty threshold of $2 per day".