Workers in China, Russia, and Mexico saw their inflation-adjusted earnings rise in 2023, a new report reveals Only three countries in the G20 saw real wages grow last year, a new report by a UN agency released this week has revealed. China, Russia and Mexico were the only leading economies that enjoyed positive real wage growth in 2023, the research found. Real wages is a term used to describe the amount of money an individual retains after accounting for the effect of inflation, or expressed in terms of purchasing power as opposed to the actual amount of income. The paper, called ‘World Employment and Social Outl
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