Human rights based approach to recovery from the global economic and financial crises, with a focus on those living in poverty 2011, para. 45
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A significant percentage of post-crises austerity budgets have included proposals to limit the public wage bill by reducing the public sector workforce and cutting or freezing wages of public sector employees. Often these cuts are not progressively implemented, and therefore have a disproportionate impact on the lowest wage brackets. UNICEF has expressed concern that wage cuts or caps might translate into the reduction or erosion of the real value of salaries, as costs of living continue to rise, and may take the form of hiring freezes or employment retrenchment. The serious implications of such developments would be exacerbated by the fact that declines in real wages were already widespread owing to the effect of the global economic and financial crises on the labour market.
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Non-negotiated soft law
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Special Rapporteur on extreme poverty and human rights