Sluggish wage growth can be a drag on economy
Join our WhatsApp Community to receive travel deals, free stays, and special offers!
- Join Now -
Join our WhatsApp Community to receive travel deals, free stays, and special offers!
- Join Now -
The government expressed concern over wage growth lagging behind corporate profitability, which reached a 15-year high last fiscal. Large companies saw significant profit increases, while employee expenses grew at a slower rate. Weak real wage growth could slow demand and increase income inequality, highlighting the need for a fairer income distribution between capital and labor to ensure long-term economic stability. What's Your Reaction?
Like
0
Dislike
0
Love
0
Funny
0
Angry
0
Sad
0
Wow
0
