The Global Wage Report 2022-23 by the International Labour Organization (ILO) examines the impact of inflation and COVID-19 on wages and purchasing power. The report highlights that the pandemic has had a significant effect on wage growth, with many workers experiencing wage stagnation or even wage cuts. Inflation has also contributed to a decline in purchasing power, particularly in low-income countries. The report calls for policies that address these challenges and ensure that workers are able to benefit from economic growth.
