News in Brief 30 November 2022
- ILO data shows extent of cost-of-living crisis on poorest workers
- Guidelines unveiled for fair and ethical recruitment of migrants
- UN agencies fear having to cut food aid to most vulnerable in Chad
Rising inflation has caused a striking decline in real monthly wages in many countries, the International Labour Organization (ILO) said in a report published on Wednesday, highlighting the urgent need for policies to prevent further poverty, inequality and social unrest.
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.