Global Wage Report 2020-2021

Why in news?

• Global Wage Report 2020-2021 has been published.

About the report and its findings:

• International Labour Organisation (ILO) publishes the Global Wage Report.
• As per 2020-21 report, Women and lower-paid workers have disproportionately borne the brunt of the decrease in wages due to the COVID-19 crisis as their working hours were reduced.
• Global wage growth fluctuated between 1.6% and 2.2% in the four years preceding the pandemic, that is 2016 to 2019.
• Inequalities in wages has been mainly caused by reduced working hours, more than by the difference in the number of lay-offs.
• Lower-paid workers have also been disproportionately hit by the crisis, leading to an increase in inequality.
• In many countries, reductions in hours worked have impacted lower-skilled occupations – in particular those in elementary work – more than higher-paying managerial and professional jobs.
• The lowest paid 50% of workers would have lost 17.3% of wages without wage subsidies, in comparison to 6.5% of all workers in selected European countries.

PRELIMS QUESTION

Consider the following statements:
1.India’s Women Labour force participation rates is less than 30%.
2.Agriculture and allied sectors is the biggest employer of rural women in India.
Which among the above statements is/are correct?
(a)1 only 
(b)2 only 
(c)Both 1 and 2
(d)Neither 1 nor 2

Answer to prelims question