Real wages drop globally – UN ...News

A report has warned that inflation is hitting the poorest households hardest Real wages across the world dropped in 2022 for the first time since the global financial crash as the worsening cost-of-living crisis threatens to spark social unrest and deepen inequality, the United Nations labor agency warned earlier this week. According to the latest report released by the International Labor Organization (ILO), monthly wages declined by 0.9% in real terms in the first half of the current year, marking the first negative wage growth since 2008. The report titled “The impact of inflation and Covid-19 on wages and purc

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