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Lowest rate of wage growth since 2008; gender ‘injustice’ continues: ILO chief

Lowest rate of wage growth since 2008; gender ‘injustice’ continues: ILO chief

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Take-home pay around the world is growing at its slowest rate since the 2008 global financial crisis, the head of the International Labour Organization (ILO) said on Monday.

Based on the findings of the Global Wage Report 2018/19, ILO Director-General Guy Ryder warned that salaries are “stagnating” despite rising production, and that they are an “obstacle” to economic growth and better living standards.

In an interview with UN News, Mr. Ryder also said that men continue to be paid around 20 per cent more than women, describing the gender pay gap as “perhaps the biggest single injustice in the world of work".

Audio Credit
Sarah Mbengue, UN News Geneva
Audio Duration
4'43"
Photo Credit
UN Geneva/Sarah Mbengue