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Global Growth in Real Wages Has Continued to Drop in 2009

The International Labour Organization has issued its "Global Wage Report: 2009 Update" (pdf), which found that in half of the 35 countries for which data were available, real monthly wages fell in the first quarter of 2009 compared to their average for 2008.  Some of the decline was attributed to cuts in hours worked.

Photo credit: Xander

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