This chart shows how COVID-19 has impacted wages around the world

SourceWorld Economic Forum
SectorEconomy
CountryMiddle east

Data shows how wages have changed around the world. In many countries, wages have actually increased. Many developed countries have been able to offer wage subsidies. COVID-19 has had a big impact on wages worldwide. Image: Visual Capitalist You can study the interactive version of this chart here. Visualizing how COVID-19 impacted global wages In the years leading up to the pandemic, annual global wage growth was fluctuating stably between 1.6%–2.2%. Now, income, working hours, and employment have all been impacted by COVID-19—but for those who have held onto their jobs, how have wages been affected? This interactive chart from the International Labour Organization (ILO) reveals how the global pandemic has affected both nominal and real wages, as well as unemployment rates. The date of data collection varies on a country-by-country basis, using the most recent available data.

The most recent measurement of wage indices is from September 2020 in some countries and the least recent available data comes from Q2’2020. In select countries the date of unemployment rates and wage indices are different. As a point of reference, the average wage index in 2019 ...read more...