ILO Global Wage Report 2022-2023

THEME: Mobilising for socio, economic and political campaigns

TITLE:  ILO Global Wage Report 2022-2023: The impact of inflation and Covid-19 on wages and purchasing power

PUBLISHED BY: International Labour Organisation (ILO)

WHO IS THIS FOR: This ILO flagship report examines the evolution of real wages, giving a unique picture of wage trends globally and by region.

The 2022-23 edition also includes evidence on how wages have evolved through the COVID-19 crisis as well as how the current inflationary context is biting into real wage growth in most regions in the world. The report shows that for the first time in the twenty-first century real wage growth has fallen to negative values while, at the same time, the gap between real productivity growth and real wage growth continues to widen.

The report also looks at changes in wage inequality and the gender pay gap to reveal how Covid-19 may have contributed to increasing income inequality in different regions of the world. Together, the empirical evidence in the report becomes the backbone of a policy discussion that could play a key role in a human-centred recovery from the different ongoing crises. Trade union leaders, study circles, community activists and policy makers will find this useful.

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ILO Global Wage Report 2022