Page1Chart.(Brief article)

Economist (US), The, March, 2007

White-collar workers in the developing world are likely to enjoy sizeable increases in real pay this year, according to a study by Hay Group, a management consultancy. Its report is based on a survey of employers' expectations of pay awards, adjusted for predicted inflation. Real pay tends to rise in line with growth in the economy, which is why China and India are set for the biggest increases of the 62 countries surveyed.

With few exceptions, pay growth in western Europe and America is expected to be below 2%. Brazil is the one big developing economy where wage growth is forecast to be as muted as in rich countries. Senior managers are expected to see their pay outpace the average in nearly all the countries surveyed.