«The ILO’s Global Wage Report is a key reference on wages and wage
inequality for the academic community and policy-makers around the world. This
seventh edition examines the evolution of real wages, giving a unique picture
of wage trends globally and by region. The report includes evidence on how
wages evolved in the first half of 2020 during the Covid-19 crisis: in the case
of Europe, the report shows 1.2 per cent real wage growth during 2019, while
the impact of Covid-19 would have reduced the total wage bill by 6.5 per cent
by the second quarter of 2020.
The report reviews
minimum-wage systems across the world and identifies the conditions under which
minimum wages can reduce inequality and presents extensive data on levels of
minimum wages, their effectiveness and the number and characteristics of
workers paid at or below the minimum wage. It highlights how adequate minimum
wages, statutory or negotiated, can play a key role in a human-centred recovery
from the crisis.
‘The Global
Wage Report is central to the analysis of wage trends and labour market
developments as well as to the theoretical debate about the role of labour in
the econom’—Hansjörg Herr, Berlin School of Economics and Law».
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