Global Wage Report 2020-21 : Wages and Minimum Wages in the Time of COVID-19.

Format:

Book

Author/Creator:

Office, International Labour.

Language:

English

Subjects (All):

Cost and standard of living.

Wages.

Physical Description:

1 online resource (211 pages)

Edition:

1st ed.

Other Title:

Global Wage Report 2020-21

Place of Publication:

Genève 22 : International Labour Organisation (ILO), 2020.

Summary:

This ILO flagship report examines the evolution of real wages around the world, giving a unique picture of wage trends globally and by region. The 2020-21 edition analyses the relationship of minimum wages and inequality, as well as the wage impacts of the COVID-19 crisis.

Contents:

Intro

Contents

Preface

Abbreviations

Acknowledgements

Executive summary

Part I. Recent trends in wages

1. Introduction

2. The global economic and labour market context

2.2 Labour markets across the world

2.3 Policy measures

3. Wage trends before and during the COVID-19 crisis

3.2 Wages and productivity indices before the crisis

3.3 The impact of the COVID-19 crisis on wages in 2020

4. The impact of the crisis in Europe

5. Minimum wage adjustments in 2020

Part II. Minimum wages and inequality

6. Introduction

7. Minimum wages and their potential to reduce inequality

7.2 How many workers earn the minimum wage or less?

7.3 How do statutory minimum wage systems differ across countries?

7.4 Three conditions to be met if minimum wages are to reduce inequality

8. The effectiveness of minimum wages: Legal coverage and compliance

8.2 The legal coverage of minimum wage systems

8.3 Non-compliance and the informal economy

9. The level of minimum wages

9.2 At what level are minimum wages set?

9.3 The frequency of adjustment

9.4 How have minimum wages evolved over time?

10. The beneficiaries of minimum wages

10.2 The demographic characteristics of minimum wage earners

10.3 The labour market characteristics of minimum wage earners

11. Results from a simulation exercise

11.2 Results on income inequality and relative poverty

11.3 Country examples

11.4 The importance of formalizing the informal economy

11.5 Conclusions from the simulation exercise

Part III. Wage policies for a human-centred recovery

12. COVID-19 and the need for adequate short-term wage policies

13. After the crisis: Adequate minimum wages, statutory or negotiated

14. A comprehensive set of measures to reduce inequality and cushion the impacts of the crisis.

15. Adequate wage policies as an "accelerator" of the Sustainable Development Goals

Appendices

II. Minimum wage information for individual countries

III. Using minimum wage levels: Concepts and definitions

IV. Assumptions and definitions used in analysing the effect of minimum wages on household income inequality

V. National data sources

References.

Notes:

Description based on publisher supplied metadata and other sources.

ISBN:

9789220319451

9220319454

OCLC:

1314617869