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The ILO report titled ‘Global Wage Report 2020-21: Wages and minimum wages within the time of COVID-19’ is offered at ILO’s official web site.

Key Highlights of world Wage Report 2020-21

·       It comments on numerous problems together with on Indian staff having low average wages, longer hours yet as that the staff in Asia and also the Pacific.

·       The 2020-21 edition analyses the link of minimum wages and difference, yet because the wage impacts of the COVID-19 crisis.

·       The international wage growth fluctuated between one.6 and 2.2 per cent within the four years preceding the COVID-19 pandemic (2016–19).

·       In advanced G20 economies, the important wage growth fluctuated between zero.4 and 0.9 per cent.

·       Among advanced G20 economies, wage growth accelerated the foremost (by twenty two percent) within the Republic of Korea, followed by Federal Republic of Germany (15 per cent).

·       The impacts of the crisis on total wages have fallen otherwise on men and ladies, the latter being disproportionately affected.

·       The COVID-19 crisis disproportionately affected lower-paid staff, thereby increasing wage inequalities.

·       The report highlighted that minimum wages, statutory or negotiated, exist in ninety % of the 187 ILO Member States.

Global Wage Report

·       It may be a flagship report of ILO that examines the evolution of real wages round the world, giving a novel image of wage trends globally and by region.

·       It is central to the analysis of wage trends and labour market developments yet on the theoretical dialogue regarding the role of labour within the economy.

International Labour Organisation (ILO)

·       It is that the solely many-sided UN agency established in 1919.

·       It brings along governments, employers and staff of 187 member States.

It aims to line labour standards, develop policies and devise programmes promoting tight work for all girls and men.

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