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This ILO flagship report examines the evolution of real wages, giving a unique picture of wage trends globally and by region.

The 2022-23 edition also includes evidence on how wages have evolved through the COVID-19 crisis as well as how the current inflationary context is biting into real wage growth in most regions in the world. The report shows that for the first time in the twenty-first century real wage growth has fallen to negative values while, at the same time, the gap between real productivity growth and real wage growth continues to widen.

Minimum wages have risen significantly in 2022, as the EU Member States leave behind the cautious mood of the pandemic. However, rising inflation is eating up these wage increases, and only flexibility in the regular minimum wage setting processes may avoid generalised losses in purchasing power among minimum wage earners.

This report summarises how minimum wage rates for 2021 were set during 2020 – the year marked by the COVID-19 pandemic. It reviews the difficulties faced by national decision-makers and how they reacted to the challenges of the economic and social fall-out of the pandemic when making decisions regarding the minimum wage. It maps the extent to which minimum wages were referred to in COVID-19-related support measures. It discusses advances made on the EU initiative on adequate minimum wages and maps the reactions of the EU-level social partners and national decision-makers.

21 May 2021 10.00 am CET - EESC Workers' Group Webinar

#EUMinimumWages

The European Commission's proposal for a directive on adequate minimum wages has sparked controversy among member states and social partners alike across Europe.

The proposal develops the principles of the European Pillar of Social Rights, aiming to improve the working and living conditions of millions of workers in the EU.

Today one in five Europeans are at risk of poverty or social exclusion, while 10% of workers are considered working poor.