INQUIRER.net: ILO decries growing inequality in rich countries

INQUIRER.net Philippine News for Filipinos

ILO decries growing inequality in rich countries Jun 3rd 2013, 23:53 GENEVA—Inequality is on the rise in most advanced economies, the International Labor Organization lamented Monday, decrying surging executive compensation and large companies hording profits rather than investing.   The world economy is slowly recovering from the global financial crisis that set in in 2008, with most developing and emerging economies showing rises in employment and a narrowing of income inequalities, the ILO said in its annual World of Work Report.   But although large companies in developed countries have seen their profits bounce back, the story there is quite different: investments are slumping and inequalities are growing.   Bet... Keep on reading: ILO decries growing inequality in rich countries Media files: raymond-torres.jpg (image/jpeg)

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