Graph of downward trending stock market The squeeze on workers and the perception of losing out has bred resentment, contributed to the rise of populism and the backlash against globalization. (Photo: iStock)

The weak wage growth that’s characterized global labor markets since the financial crisis has hit poorer workers most, compounding inequalities and fueling dissatisfaction, according to the Organization for Economic Cooperation and Development (OECD).

The Paris-based body said pay increases are “missing in action,” even with rising employment, and any gains haven’t been equally distributed. In its Employment Outlook, the OECD said real labor incomes of the top 1 percent of earners have risen much faster than those of median full-time workers.

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