Labour income stagnated since 2019, primarily due to Covid and technological upgradation: ILO

The World Employment and Social Outlook report, released by the ILO on Wednesday, says the global labour income share fell by 0.6 percentage points from 2019 to 2022 and has since remained flat putting upward pressure on inequality, suggesting nations should come up with comprehensive policies to ensure that the benefits of technological progress are broadly shared.

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