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Global Wage report 2024
December 4 , 2024
19 days
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- It was released by the International Labour Organization (ILO).
- The share of low-paid wage workers and low-paid non-wage workers combined declined at an average rate of 11.1% per annum over the 10-year period.
- In India it is declined at an average annual rate of 6.3% and 12.7% between 2008 and 2018.
- The share of low-paid wage workers — those earning less than 50% of the median hourly wage in the country — stands at 9.5% in India.
- On the other hand, it is 9.4% for Pakistan, 10.5% for Nepal, 11.2% for Bangladesh, 13.7% for Bhutan and 25.9% for Sri Lanka.
- Since 2000, globally the wage inequality, has decreased in several countries at an average rate ranging between 0.5% to 1.7% annually.
- In low-income nations, the average annual decrease in wage inequality ranged between 3.2% and 9.6% over the past 20 years.
- The global real wages grew by 1.8% last year.
- The top 10 percentile of India's income-earners earn 6.8 times more than the bottom 10 percentile.
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