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

 The world is witnessing its most significant wage growth in over 15 years, according to the International Labour Organization (ILO). In its latest Global Wage Report, the UN agency reported an average global wage increase of 1.8% in 2023, followed by a 2.7% rise in the first half of 2024, marking a strong recovery from the 0.9% decline in 2022 caused by high inflation.