Slowdown in global wage growth result of developed countries' protectionism

THE AVERAGE GLOBAL GROWTH RATE for wages dropped from 2.4 percent in 2016 to 1.8 percent in 2017, the lowest since 2008, according to the Global Wage Report issued by the International Labour Organization on Monday. The report also indicates the real wage growth rate of the G20 members has fallen to 0.4 percent in 2017 from 0.9 percent in 2016. Beijing Youth Daily comments:

The weak wage growth around the world is in sharp contrast with the robust economic growth and rosy employment data of some developed economies. The sluggish wage growth can directly affect the world's economic recovery, and employment. No country is immune to it.

The trade protectionism and unilateralism of some developed countries are to blame for this, as they have had a negative impact on many countries' economic restructuring and growth.