World wage report 2020/21: wages and minimum wages in the time of Covid-19

the ILO Global wage report is a key benchmark on wages and wage inequality for the academic community and policy makers around the world. This seventh edition examines the evolution of real wages, giving a unique picture of wage trends globally and by region. The report includes evidence of wage developments in the first half of 2020 during the Covid-19 crisis: in the case of Europe, the report shows real wage growth of 1.2% in 2019, while the The impact of Covid-19 would have reduced the total wage bill by 6.5% by the second quarter of 2020.

The report reviews minimum wage systems across the world and identifies the conditions under which minimum wages can reduce inequalities and presents detailed data on minimum wage levels, their efficiency and the number and characteristics of paid workers. at or below minimum wage. It highlights how adequate minimum wages, statutory or negotiated, can play a key role in a people-centered exit from the crisis.

‘The Global wage report is central to the analysis of wage trends and labor market developments as well as the theoretical debate on the role of work in the economy – Hansjörg Herr, Berlin School of Economics and Law.