Global labour income share declines putting upward pressure on inequality, SDG targets not on track
The report indicates slow progress on key Sustainable Development Goals (SDGs) as the 2030 deadline approaches. The study reveals that the global labour income share, which represents the portion of total income earned by workers, fell by 0.6 percentage points from 2019 to 2022 and has since remained flat – compounding a long-running downward trend. If the share had remained at the same level as in 2004, labour income would be larger by US$2.4 trillion in 2024 alone.
Link to the press release: https://www.ilo.org/resource/news/global-labour-income-share-declines-putting-upward-pressure-inequality-sdg
ILO report link: https://www.ilo.org/publications/flagship-reports/world-employment-and-social-outlook-september-2024-update
Similar Stories
1
10
2
1
Latest News , WESO , Reports
The global economy is slowing down, making it harder for labour markets to recover fully, according to the newly-released, World Employment and Social Outlook
1
1
1
ILO's new report highlights social protection's role in addressing climate change impacts.
1
2
3
Life-saving medical supplies from the ICRC are reaching beleaguered civilians in the Marjaayoun area of southern Lebanon, where medical needs are becoming increasingly urgent as hostilities escalate.
1
1
ICRC and SMG co-hosted a workshop in Shanghai on crisis reporting and digital misinformation.
1
1
ICRC and Al-Azhar discussed the alignment of IHL with Islamic Sharia in Cairo.
1
1
The event in Fortaleza covered operations in such fields as health, education, social work, youth and human rights.
1
1
ICRC transferred 7.3M Swiss francs to NSIA for sustainable humanitarian aid.
1
1
The following is a statement attributable to Stephan Sakalian, head of the delegation of the International Committee of the Red Cross (ICRC) in Syria.