{"id":645829,"date":"2017-07-31T03:53:57","date_gmt":"2017-07-31T03:53:57","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2017\/07\/31\/no-matter-where-in-the-world-you-are-dont-expect-a-raise-anytime-soon\/"},"modified":"2017-07-31T03:53:57","modified_gmt":"2017-07-31T03:53:57","slug":"no-matter-where-in-the-world-you-are-dont-expect-a-raise-anytime-soon","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2017\/07\/31\/no-matter-where-in-the-world-you-are-dont-expect-a-raise-anytime-soon\/","title":{"rendered":"No matter where in the world you are, don\u2019t expect a raise anytime soon"},"content":{"rendered":"

<\/a> No matter where in the world you are, don\u2019t expect a raise anytime soon: <\/strong>Despite employment growth in the developed world, growth in pay is confounding the predictions of global economists, Cesca Antonelli and Christopher Cannon write for Bloomberg<\/a>. In Germany, which boasts strong unions, record-low unemployment and booming exports, annual wage growth since 2013 has only averaged 2.1%. Japan, where unemployment was near a two-year low, earnings rose 0.7% in May \u2014 and that was the biggest increase since July 2016. Even China, which used to record wage increases of 10% or higher, has seen them significantly reduced of late. A possible explanation could be found in the US, where the employment-to-population ratio continues to slump to below where it was in the last recovery. Data appears to indicate that there some ways to go before we can expect wages to go up.<\/p>\n","protected":false},"excerpt":{"rendered":"

No matter where in the world you are, don\u2019t expect a raise anytime soon: Despite employment growth in the developed world, growth in pay is confounding the predictions of global economists, Cesca Antonelli and Christopher Cannon write for Bloomberg. In Germany, which boasts strong unions, record-low unemployment and booming exports, annual wage growth since 2013 […]<\/p>\n","protected":false},"author":1,"featured_media":645830,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[9003],"tags":[72,2397],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-645829","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-worth-reading","tag-enterpriseam","tag-worth-reading","wpautop","entry"],"acf":{"mongo_id":"91a03dfa-4f9c-4ce1-8f78-329108320008","order":"0","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2017\/7\/454.jpg","photo_position":"above","related_issue":[645802],"teaser":"","voice_url":""},"yoast_head":"\nNo matter where in the world you are, don\u2019t expect a raise anytime soon - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2017\/07\/31\/no-matter-where-in-the-world-you-are-dont-expect-a-raise-anytime-soon\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"No matter where in the world you are, don\u2019t expect a raise anytime soon\" \/>\n<meta property=\"og:description\" content=\"No matter where in the world you are, don\u2019t expect a raise anytime soon: Despite employment growth in the developed world, growth in pay is confounding the predictions of global economists, Cesca Antonelli and Christopher Cannon write for Bloomberg. 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The rate is now up slightly from 7.2% in 4Q2020.The jobless rate has remained more or less flat over the past year, with\u2026","rel":"","context":"In "Economy"","block_context":{"text":"Economy","link":"https:\/\/enterpriseam.com\/egypt\/category\/economy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/2\/216.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":634538,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/01\/17\/imf-advises-middle-east-to-cut-back-on-public-wages-bill\/","url_meta":{"origin":645829,"position":2},"title":"IMF advises Middle East to cut back on public wages bill","author":"enterpriseam admin","date":"17 January 2018","format":false,"excerpt":"The IMF is advising Middle Eastern countries to work on cutting their public wage bills as \u201cattempts to contain unemployment by creating bloated public sector workforces have completely failed,\u201d says the Financial Times (paywall). In its latest report, Public Wage Bills in the Middle East and Central Asia, the IMF\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2018\/1\/223.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":597399,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/07\/25\/egypt-will-be-getting-the-final-tranche-of-the-usd-12-bn-imf-facility-soon\/","url_meta":{"origin":645829,"position":3},"title":"Egypt will be getting the final tranche of the USD 12 bn IMF facility soon","author":"enterpriseam admin","date":"25 July 2019","format":false,"excerpt":"IMF signs off on final USD 2 bn tranche disbursal: The IMF\u2019s Executive Board approved yesterday disbursing the final USD 2 bn tranche of the institution\u2019s USD 12 bn facility to Egypt, after completing its fifth and final review of the country\u2019s economic reform program, the institution said in a\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2020\/10\/153.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":558533,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/08\/16\/unemployment-flat-quarter-on-quarter-in-2q2021\/","url_meta":{"origin":645829,"position":4},"title":"Unemployment flat quarter-on-quarter in 2Q2021","author":"enterpriseam admin","date":"16 August 2021","format":false,"excerpt":"Egypt\u2019s unemployment rate was largely flat in 2Q2021 at 7.3%, improving just 0.1 percentage points from the preceding quarter, according to official figures (pdf) released yesterday by state statistics agency Capmas.That\u2019s still a huge improvement from 2Q2020, during which the jobless count rose to a two-year high due to the\u2026","rel":"","context":"In "Economy"","block_context":{"text":"Economy","link":"https:\/\/enterpriseam.com\/egypt\/category\/economy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/8\/170.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":573996,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/08\/26\/did-state-megaprojects-cushion-the-unemployment-blow-from-by-covid-19\/","url_meta":{"origin":645829,"position":5},"title":"Did state megaprojects cushion the unemployment blow from by covid-19?","author":"enterpriseam admin","date":"26 August 2020","format":false,"excerpt":"Did state megaprojects cushion the unemployment blow by covid-19? 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