The International Labour Organization's Global Wage Report 2022-23 examines the impact of inflation and COVID-19 on wages and purchasing power. The report finds that inflation has eroded the purchasing power of wages in many countries, particularly in low- and middle-income countries. COVID-19 has also had a significant impact on wages, with many workers experiencing wage cuts or job losses. The report highlights the need for wage policies that take into account these challenges and ensure that workers are able to maintain their standard of living.
