Pinoys are earning less even though productivity is up, International Labor Organization says

Workers in the Philippines--as in other countries--are earning less despite increased productivity, a wage report by the International Labor Organization says.

Workers in the Philippines--as in other countries--are earning less despite increased productivity, a wage report by the International Labor Organization says.

 

Mayen Jaymalin of the Philippine Star reports that according to ILO’s Global Wage Report 2012/13, "wage growth remains far below pre-crisis levels globally and has fallen further in developed countries."

 

According to ILO director general Guy Ryder, wages have not grown as fast as worker productivity. That means "workers are benefitting less from the fruits of their work while the owners of capital are benefitting more."

 

"On a social and political level its clearest interpretation is that workers and their families are not receiving the fair share they deserve," he said.

 

For more on this story, log on to PhilStar.com.

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