-Live Mint Decline came as labour productivity grew 7.6%; wage growth remains far below pre-crisis levels globally  India’s real wages fell 1% between 2008 and 2011, while labour productivity grew 7.6% in the same period, International Labour Organization (ILO) data showed on Friday, indicating that the benefits of the country’s economic growth didn’t translate into better pay for workers in the aftermath of the global economic crisis. In contrast, China’s real wage growth...

-The United Nations Global wages remain far below pre-crisis levels, says a new United Nations report, which points to a continuing slowdown in developed countries alongside increases in emerging economies. The Global Wage Report 2012/13, released today by the International Labour Organization (ILO), shows that global monthly wages grew by 1.2 per cent in 2011, down from three per cent in 2007 and 2.1 per cent in 2010. It also cites huge...

-The United Nations Amid economic crises, climatic shocks, and high and volatile food prices in a world of plenty where nearly 870 million people still go hungry, the United Nations today marked World Food Day by highlighting agricultural cooperatives as vital weapon in the war on poverty and hunger. “Owned by their members, they can generate employment, alleviate poverty, and empower poor and marginalized groups in rural areas, especially women, to drive...

-The Hindu The effectiveness of our response will be judged by what we do to protect the weakest sections of our society The human dimensions of the COVID-19 pandemic reach far beyond the critical health response. All aspects of our future will be affected — economic, social and developmental. Our response must be urgent, coordinated and on a global scale, and should immediately deliver help to those most in need. From workplaces, to...