Wage Stagnation in the Global North
According to the “Global Wage Report 2020-21”, in the few years before the COVID-19 crisis, annual average real wage growth for North America (Canada and USA) and Western Europe fluctuated between 0 and around 1 per cent. What accounts for this wage stagnation over much of the Global North? To answer this question, we need to briefly look at the pre-neoliberal economy[Read More…]