National News
Wage inequality declined in two-thirds of countries worldwide since start of 21st Century: ILO
Nov 29, 2024
Geneva [Switzerland], November 29: A new report from the International Labour Organisation (ILO) reveals that wage inequality has decreased in about two-thirds of all countries since 2000. Despite this positive trend, significant wage differentials persist worldwide. The Global Wage Report 2024-25: Is wage inequality decreasing globally? finds that since the early 2000's, on average, wage inequality, which compares the wages of high and low wage earners, decreased in many countries at an average rate that ranged from 0.5 to 1.7% annually, depending on the measure used. The most significant decreases occured among low-income countries where the average annual decrease ranged from 3.2 to 9.6% in the past two decades.
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