Your boss’s salary may be boosting populism, report finds
International Labour Organisation’s Global Wage Report shows rising frustration may be due to workers feeling cheated out of their fair share of progress
Mumbai — A widening gap between the C-suite and the admin desk could be contributing to global anger. The disconnect between economic growth and wage increases was increasing again after shrinking soon after the 2008 crisis, the International Labour Organisation’s (ILO’s) latest Global Wage Report showed. Workers feeling cheated of their fair share of progress may feed into rising frustration, the authors, led by Philippe Marcadent, wrote. "Wages are about more than money; they matter from the point of view of fairness and human dignity," they said. Poorer workers have been linked to surging populism over the past few years, culminating in the election of Donald Trump as the US president. While globalisation has often been cited as the main culprit, other reasons include the adoption of technology that calls for skilled operators and pressure from the financial markets to shift profits to investors. Top 10% Across European enterprises, the top 10% wage bracket is dominated by CEs an...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.