Real wages

Despite the lowest unemployment rate in more than four decades, real wages in the UK fell at their fastest rate in the first quarter of the year since 2014.

According to the Office for National Statistics, wages excluding bonuses rose by 2.1 percent year-on-year which was the weakest increase since July 2016 and below analyst expectations.

According to a forecast of the advisory firm Korn Ferry, the salaries in Bulgaria will increase by 4 % next year.

With the inflation for 2016 forecasted at 0.1 %, the real increase of salaries in Bulgaria is expected to be 3.9 %.

The world economy and financial markets have been growing for the last 50 years, but decreasing real wages  relative to GDP is unacceptable and unsustainable, said the board member of Turkey's Koç Holding and the current B-20 Employment Task Group Coordinator Ali Koç.

Wages in developed countries are flatlining and even falling in some places, holding down economic growth after the financial crisis and increasing the risk of deflation, the International Labour Organization said Friday.