Global Wage Report 2020-21

COVID-19 drives wages down, new ILO report finds

Even before the COVID pandemic hit, hundreds of millions of workers worldwide were being paid less than the minimum wage. The Report has found that monthly wages fell or grew more slowly in the first six months of 2020, as a result of the COVID-19 pandemic , in two-thirds of countries for which official data was available, and that the crisis is likely to inflict massive downward pressure on wages in the near future.

COVID-19 and the world of work

The world of work is being profoundly affected by the global virus pandemic. In addition to the threat to public health, the economic and social disruption threatens the long-term livelihoods and wellbeing of millions. The ILO and its constituents – Governments, workers and employers – will play a crucial role in combating the outbreak, ensuring the safety of individuals and the sustainability of businesses and jobs.