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.
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