Question: The ILO's Global Wage Report states that "in the wake of the financial crisis of 2008-09, global real wage growth started to recover in 2010, but has decelerated since 2012, falling from 2.5 per cent to 1.7 per cent in 2015, its lowest level in four years. If China, where wage growth was faster than elsewhere, is not included, real wage growth has fallen from 1.6 per cent in 2012 to 0.9 per cent in 2015." What is the reason for this deceleration of real wage growth? Answer using data.