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Al Jazeera
Al Jazeera
Business

UN warns of social unrest after ‘striking’ drop in global wages

ILO
The UN labour agency has warned of worsening inequality and the possibility of social unrest due to falling real wages [File: Kham/Reuters]

Global wages fell in 2022 for the first time since the global financial crisis due to soaring living costs, threatening to worsen inequality and drive social unrest, the United Nations labour agency has warned.

Monthly wages dropped 0.9 percent in real terms in the first half of 2022 – the first negative wage growth since 2008, the International Labour Organization (ILO) said in its latest global wage report released on Wednesday.

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