Global Wage Growth Shows Largest Increase in 15 Years, says ILO

While the wage increases signal a positive trend, structural challenges remain. High inflation and the uneven distribution of wage growth continue to weigh heavily on low-income households.

The ILO report underscores the need for balanced economic policies to address these disparities. As Mr. Houngbo remarked, "While wage growth is promising, it is crucial to ensure that its benefits reach all workers, especially the most vulnerable, to achieve a truly inclusive recovery."

Sources:

https://news.un.org/en/story/2024/11/1157576