Global Wage Report 2020-21

On 2nd December, 2020, the International Labour Organization(ILO) published the Global Wage Report 2020-21, which revealed the shocking facts of wage impact due to Covid-19 pandemic.

  • The Global Wage Report – the seventh in the series – looks at recent trends in wages, the global economic and labour market context, and the impact that the pandemic has had on wages.
  • The report also includes a number of policy recommendations to mitigate the negative impact of the crisis.

Key Findings

Recent Trends in Wages

  • In the four years preceding the COVID-19 pandemic (2016–19), global wage growth fluctuated between 1.6 and 2.2 ....
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