Global labour income estimated to have declined by 3.5 trillion USD in first 3 quarters of 2020: ILO
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Global labour income is estimated to have declined by 10.7 per cent or USD 3.5 trillion in the first three quarters of 2020 due to the COVID-19 pandemic, the International Labour Organization (ILO) said on Wednesday. "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," the ILO said 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 per cent or USD 3.5 trillion in the first three quarters of 2020 due to the COVID-19 pandemic, the International Labour Organization (ILO) said on Wednesday. "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," the ILO said in its latest assessment of the effects of the pandemic on the world of work.
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