Global labour income estimated to have declined by 3.5 trillion USD in first 3 quarters of 2020: ILO

Global labour income is estimated to have declined by 10.7 per cent or USD 3.5 trillion in the first three quarters of 2020 due to the COVID-19 pandemic, the International Labour Organization (ILO) said on Wednesday. "The devastating losses in working hours caused by the COVID-19 pandemic have brought a 'massive' drop in labour income for workers around the world," the ILO said in its latest assessment of the effects of the pandemic on the world of work.

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