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Global Wage Report 2024-25 was released by which of the following organisation ?
1. International Labour Organisation
2. World Bank
3. International Bank for Reconstruction and Development
Select the correct answer from the code given below :
Code :
Explanation
The Global Wage Report 2024-25 was released by the International Labour Organization (ILO) in November 2024. This flagship biennial report provides a comprehensive analysis of global and regional wage trends, real wage growth, and patterns of wage inequality.
- Key Findings: The 2024-25 edition, titled "Is wage inequality decreasing globally?", notes a rebound in global real wage growth (1.8% in 2023 and 2.7% in the first half of 2024) following the 2021-2022 cost-of-living crisis.
- Inequality: While the report finds that wage inequality has decreased in about two-thirds of the countries analyzed since the early 2000s, it emphasizes that overall labor income inequality remains unacceptably high, especially for women and informal workers.
The World Bank and the International Bank for Reconstruction and Development (IBRD) do not publish this specific report. Thus, only statement 1 is correct.
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