ILO: Labor’s income share still declining

Quick Summary:

DESPITE the growing contribution of workers to the global economy, a study of the International Labour Organization (ILO) revealed that laborers are still taking home a shrinking share of the economic pie.

According to ILO, technology is one of the key drivers to the widening gap between labor and capital income.

Yet, this situation remains challenging as the number of young people not in employment, education, or training has remained stagnant, even as the global youth population has been increasing since 2015.

---

More Pictures

---

Read Quick SummarySave Time

or

Article Details

Author / Journalist: Justine Xyrah Garcia

Category: BusinessStartups

Markets: Philippines

Topics: Data Growing Share 2024 Economic Income Global Percent Workers Labor Showed

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-04 @ 18:02:02 (14 hours ago)

News Timezone: GMT +8:00

News Source URL: businessmirror.com.ph

Language: English

Article Length: 482 words

Reading Time: 3 minutes read

Sentences: 18 lines

Sentence Length: 27 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Mirror

News ID: 22369165

View Article Analysis

About Business Mirror

Main Topics: BusinessStartups

Official Website: businessmirror.com.ph

Update Frequency: 73 posts per day

Year Established: 2005

Headquarters: Philippines

News Last Updated: 14 hours ago

Coverage Areas: Philippines

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Local / Regional

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #37

Publisher Details

Frequently Asked Questions