Wages in Asia rose faster than in the rest of the world last year, the International Labour Organization (ILO) said Friday. According to dpa, wages in Asia rose by 6 per cent in 2013 compared to the global average growth of 2 per cent, the ILO's Global Wage Report 2014/15 said. The average wage growth in developed economies was 0.2 per cent. "Wage growth has slowed to almost zero for the developed economies as a group in the last two years, with actual declines in wages in some," said Sandra Polaski, the ILO's deputy director-general for Policy. The impact of the global financial crisis in 2007 and 2008 was still being felt on the growth of wages around the world, especially in developed countries, the report said.
