Labour Income

COVID Impacts on Global Labour Income – estimated to have declined by 10.7 per cent, or US$ 3.5 trillion, in the first three quarters of 2020

The devastating losses in working hours caused by the COVID-19 pandemic have brought a “massive” drop in labour income for workers around the world, says the International Labour Organization (ILO) in its latest assessment of the effects of the pandemic on the world of work. Global labour income is estimated to have declined by 10.7 … Continue reading →