Q. Which institution released the ‘Global Wage Report 2022-2023’?
Answer:
ILO
Notes: According to a new International Labour Organization (ILO) report titled ‘the Global Wage Report 2022-2023’, the severe inflationary crisis combined with a global slowdown in economic growth are causing a striking fall in real monthly wages in many countries.
The slowdown is driven in part by the war in Ukraine and the global energy crisis. According to the report, the crisis is reducing the purchasing power of the middle classes and hitting low-income households.