CAW Conference Decent Wage, Decent Work: Working ourselves out of poverty. Economic Crisis: Confronting wage deficits in the Asian Decent Work Decade Silvia Cormaci Associate Expert Gender Equality and Migration ILO Bangkok Bangkok, Thailand 28 April 2010. Issues for Discussion.
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Economic Crisis: Confronting wage deficits in the Asian Decent WorkDecade
Associate Expert Gender Equality and Migration
28 April 2010
But regional variations: Asia 1.7% (China: 10%; Japan: 0%)
Global economic crisis => wage growth in 2008 fell sharply & dropped even further in 2009
Source: ILO Global Wage Report 2008/09
ASIA : The case of Japan
Sharp fall in wages in Q1 2009 and flat wages in Q2.
This occurs in the context of a long period of deflation and flat wages
Similarly in the Republic of Korea, sharp fall in wages in Q1 & Q2 2009 mostly due to cuts in overtime work & in quarterly bonuses
Data on average wages by sex collected for 22 countries, 2008 =>
Crisis has impacted women at least as much as men:
(GPG has frozen with women earning about 80 % of men’s wage)
In the majority of countries worldwide, women’s wages represent on average between 70 -90% of men’s wages (much lower ratios in Asia)
The overall gender pay gap (GPG) in East Asia is pronounced: Women’s income amounts to:
Ratio of estimated overall female to male earned income*
Source: UNDP. Human Development Report 2005
Women’s wages as % of men’s:
F/M Ratio of Wages in Manufacturing, 1993/2003
*As in source (specification of year not given)
Note: Data on China and Vietnam are not available
Source: United Nations (2005). The World’s Women 2005.
In June 2009, ILO Member States adopted the Global Jobs Pact in which they agreed to strengthen:
…..to avoid wage deflation & enhance social protection
Important policy tool for social protection, can reduce wage inequality & GPG, but requires: