Wages in the developed world have fallen in real terms for the second time since the banking crisis, continuing the long-term trend of workers being made to cope on a smaller share of national income.Steep falls in pay packets in eastern Europe and a wage freeze across the richest western countries, including the UK, sent monthly salaries into reverse in 2011 after taking inflation into account, said the International Labour Organisation.
Contents contributed and discussions participated by Kirsten Newitt
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