New Delhi: India is preparing to replace the minimum wage with living wage by 2025 and has sought technical assistance from the International Labour Organization (ILO) to create a framework for estimating and operationalising these, ET has learnt. Living wages – a minimum income necessary for a worker to meet their basic needs, factoring in … Read more
Forced labour in the private economy generates $236 billion in illegal profits per year with the total amount of illegal profits from forced labour rising by $64 billion or 37% since 2014, the International Labour Organization (ILO) said on Tuesday. “This is a dramatic increase that has been fuelled by both a growth in the … Read more
Macroeconomic and Employment Policies Specialist at the Employment Policy Department of the International Labour Organization (ILO) in Geneva,Kee Beom Kim, was recently in India for preparatory meetings related to the G-20’s meeting on employment or Labour20 (L-20) scheduled for the first week of February at Jodhpur. Mr. Kim’s works focuses on undertaking analyses on key … Read more
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 … Read more