Tuesday, December 06, 2016

If think your pay raise is lousy, consider the workers of Venezuela

In Argentina, people can expect to see a 28.5 percent headline raise wiped out by an inflation rate of 41 percent, pushing real wages down 12.5 percent, the projections show. The biggest pain comes in Venezuela, where price growth of 485 percent compares with nominal salary gains for 111 percent. Excluding Venezuela and Argentina, real wages in the region will rise 1.1 percent in 2017.

Vietnam is expected to see the biggest increase in real salaries in the world with a 7.2 percent jump. That’s more than three times the global average of 2.3 percent and almost double the average across Asia .... https://www.bloomberg.com