It's one of the biggest economic challenges at the moment: with the recession behind us, employment is improving, yet wages remain stubbornly low. In America, median wages have been stagnant for more than 40 years. In Japan and Germany, it's been 20 years without a pay rise. And it's a global problem - wage growth has been weak around the world for nearly a decade. Four experts talk to the BBC World Service Inquiry programme about why wages are so low. John Van Reenen: The global picture John Van Reenen is director of the Centre for Economic Performance at the London School of Economics. "Over the last seven or eight years, wage growth has been very disappointing all over the world. After...
↧