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mercredi 4 septembre 2024

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Global labour income share declines putting upward pressure on inequality, SDG targets not on track (International Labour Organization (ILO))

The widening gap between labour and capital income and the challenges facing young people in the job market are worrying, according to the International Labour Organization. In its newly-released World Employment and Social Outlook: September 2024 Update, the International Labour Organization (ILO) finds upward pressure on inequality as the labour income share stagnates and a large share of youth remains out of employment, education or training. The report indicates slow progress on key Sustainable Development Goals (SDGs) as the 2030 deadline approaches. The study reveals that the global labour income share, which represents the portion of total income earned by workers, fell by 0.6 percentage points from 2019 to 2022 and has since remained flat –...

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