Date of release: Tuesday, February 26, 2013

Global Wages conferenceThe declining share of wages in national income and the reasons for these trends will be debated at an international conference at the University of Greenwich.

The event, Global Trends in Wages, Causes and Effects on Growth, will focus on the Global Wage Report 2012-13. Drawn up by the International Labour Organisation (ILO), this report looks at the macroeconomic effects of wages, and of policy actions to achieve more socially and economically sustainable outcomes within countries.

Organised by the university’s Work and Employment Research Unit, part of its Business School, the conference takes place on Friday 22 March. Other topics up for discussion include increasing globalisation in finance and trade, and the effects of advances in technology.

Professor Ozlem Onaran, the university’s Professor of Workforce and Economic Development Policy, says: “There has been a significant decline in the share of wages in gross domestic product (GDP) in developed and developing countries since the 1980s. The Great Recession of 2007-2013 has further enhanced this trend.

“We have vital questions to ask, such as why wage shares have fallen, and what happens to global growth and employment when the wage shares fall. We look forward to a lively debate on these questions, and will address some of the most urgent policy issues of the post-crisis era: in particular, the implications for wage and labour market policies to foster global recovery and job creation.”

The event will feature one of the report’s lead authors, Dr Sangheon Lee of the ILO, as well as the authors of the two background projects for the report: Professor Engelbert Stockhammer, from Kingston University, and Professor Onaran.

The discussion will open with contributions from Bill Wells, Deputy Director Labour Market Directorate from the Department for Business, Innovation & Skills, and Nicola Smith, Head of the Economic and Social Affairs Department of the Trades Union Congress.

The conference takes place in Hamilton House, Greenwich Campus, between 2pm and 5pm. For more details: http://www2.gre.ac.uk/about/schools/business/services/events/events/current/global-trends-in-wages

To register: http://www2.gre.ac.uk/about/schools/business/services/events/events/current/booking

To find out more about research at the University of Greenwich Business School: http://www2.gre.ac.uk/about/schools/business/research

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