Tag Archives: worldwide

2018 Projected Global Wage Growth

12 Jan

In this post, we look at 2018 projected global wage growth. Why?

For many (most) of us, salary/wage data acts as a useful tool. With such data, we can better judge our value to the company and for our job sector. As these links show:


2018 Projected Global Wage Growth

In 2018, wage growth will be mixed. And this goes for the United States and other OECD countries. The Organization for Economic Cooperation and Development consists of 35 nations. As it states, its mission “promotes policies that improve economic and social well-being of people around the world.”

Recently, Statista summarized the results of research on OECD wages in 2018 [NOTE: the wage projections reflect the impact of inflation. This results in the real rate of change. In the U.S., we measure real wages by studying both wages and the consumer price index.]:

“In analyzing OECD data, London-based Trades Union Congress (TUC) prepared forecasts for wage growth in developed economies for 2018. And it’s good news for a number of Eastern European nations. With Hungary, Latvia, and Poland expected to see the largest increases at 4.9, 4.1, and 3.8 percent.”

“But tougher times await those in the soon-to-be-divorced U.K. In that case, real wages will shrink by 0.7 percent. The U.S. appears on the positive side of the chart. A 1.2 percent real jump upwards is predicted.”

As we can learn from the Statista chart shown below.

  • For 2018, TUC offers wage projections for 32 OECD countries.
  • Of those 32 countries, 28 will have real wage growth in 2018.
  • However, TUC projects that just six OECD countries will show wage growth of at least 3 percent in 2018.
  • In 2018, the U.S. will rank 13th of the 32 nations for wage growth.
  • Besides in the U.K., wages will decline in Spain and Italy. And they will be flat in Switzerland.

2018 Projected Global Wage Growth - Statista chart

Chinese Advertising Ups the Digital Spend

23 Mar

Large numbers of  advertisers around the globe are rapidly expanding their move from traditional ads to digital ones. Worldwide, average spending on digital ads is expected to be nearly one-third of all ad spending in 2016. And China is one of the countries leading the way.

As discussed by Angela Doland for Advertising Age:

A report from GroupM shows just how fast China’s advertisers are moving into the digital space. Five years ago, the Internet accounted for only 14.8% of the total ad spend; this year it’s expected to take 49.7%. China is well ahead of the global average on that front. WPP’s GroupM has forecast that 31% of worldwide ad budgets this year will go to online. Advertisers in China are taking cues from how quickly consumers have embraced the online world, especially mobile phones, for streaming videos and movies online, shopping from Alibaba’s E-commerce empire, and using all-purpose app WeChat to communicate, book services, and pay household bills.”

“Internet spending in China is set to grow 30% this year, after gaining an estimated 35.9% last year. Mobile online advertising is growing at about twice the rate of general online spending. Meanwhile, budgets for traditional formats are being slashed. Newspaper spending plummeted an estimated 30.5% last year and is set to fall 30% in 2016. The budget for TV ads is expected to drop 4.5% this year, after dipping 4% last year. The share of ad spend devoted to TV is expected to be just 35.7%, down from 56.8% five years ago. That’s a striking decline. One factor hurting TV spending this year was a new regulation limiting how many provincial satellite stations can show a hit drama during prime time, and how many episodes of the same show a channel can play in a row.”

Click the image to read more.

Women in Zhuhai, Guangdong province. China. Credit: Brent Lewin/Bloomberg


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