Ramaswami: The ILO estimates that the global labor income has seen a 10.7% decline, compared to the same period in 2019, which itself saw the slowest economic growth since the 2008-09 crisis. This decline translates into a global labor income loss of US$3.5 trillion, which equals 5.5% of the world’s GDP during this period.

Saturday, January 2, 2021

The ILO estimates that the global labor income has seen a 10.7% decline, compared to the same period in 2019, which itself saw the slowest economic growth since the 2008-09 crisis. This decline translates into a global labor income loss of US$3.5 trillion, which equals 5.5% of the world’s GDP during this period.

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