Monthly wages of women reduced due to coronavirus: ILO

Agency: The International Labour Organisation said that monthly wages of lower paid workers and women  fell or stagnated in many countries in the first six months of 2020.

The crisis is “likely to inflict massive downward pressure on wages in the near future”, Reuters reported citing a report prepared by the U.N. agency.

Wages fell or grew more slowly in two-thirds of countries for which data was available. In the remaining third, a rise in wages was largely due to many lower-paid workers losing their jobs, skewing the average higher.

Those in lower-skilled jobs lost more working hours than higher-paying managerial and professional jobs, it said.

“The growth in inequality created by the COVID-19 crisis threatens a legacy of poverty and social and economic instability that would be devastating,” ILO Director-General Guy Ryder said.