More

    ILO Reaches Agreement on Living Wages

    GovernanceFinance and EconomyILO Reaches Agreement on Living Wages
    - Advertisment -

    ILO Reaches Agreement on Living Wages

    A decision by the ILO’s Governing Body opens the way for new work by the ILO on estimating and operationalizing living wages, and on engaging with living wage initiatives.

    The International Labour Organization (ILO) has reached an agreement on the issue of the living wage. The agreement, reached during a Meeting of Experts on wage policies , in February, was endorsed by the ILO’s Governing Body  at their session earlier this month.

    The experts agreed that decent wages are central to economic and social development and to advance social justice. They also play an essential role in reducing poverty and inequality and ensuring a decent and dignified life.

    According to the experts, “the ILO denotes that the concept of a living wage is:

    • the wage level that is necessary to afford a decent standard of living for workers and their families, taking into account the country circumstances and calculated for the work performed during the normal hours of work;
    • calculated in accordance with the ILO’s principles of estimating the living wage;
    • to be achieved through the wage-setting process in line with ILO principles on wage setting.”

    The agreement says that the estimation of living wages should follow a number of principles, including the usage of evidence-based methodologies and robust data, consultations with workers’ and employers’ organizations, transparency, public availability, and the consideration of regional and local contexts and socio-economic and cultural realities.

    The operationalization of the concept of a living wage within the broader wage-setting process should be evidence-based and take into account the ILO key principles of wage-setting. The operationalization includes strengthening social dialogue and collective bargaining and empowering wage-setting institutions, promoting incremental progression from minimum wages to living wages, ensuring national and/or local ownership, and recognizing the role of the State. The conclusions also recall that, “the needs of workers and their families and economic factors are the two pillars of wage-setting processes”.

    “Living wages should not be a one-size-fits-all approach and should reflect local or regional differences within countries,” the document outlining details of the living wage agreement says, adding that a sustainable strategy to promote living wages, “should go beyond the realm of wage-setting mechanisms alone and include a broader consideration of factors.” There has been a positive long-term global trend in average wages. Yet millions of workers worldwide – in both the formal and informal economies – continue to earn very low wages compared to the cost of living and live in poverty. These workers and their families are unable to afford healthy food, decent housing, medical care or schooling for their children.

    - Advertisement -

    LEAVE A REPLY

    Please enter your comment!
    Please enter your name here

    Latest news

    SouthAsia: UNODC Report Flags Distinct Synthetic Drug Markets Across Region

    By documenting distinct national patterns while highlighting shared vulnerabilities, the assessment provides a common analytical foundation for policymakers, investigators and health authorities.

    Sri Lanka Can Unlock Export Growth Through High-Value Agribusiness, Says Think Tank Study

    By addressing tariff distortions, policy unpredictability and underinvestment in knowledge and infrastructure, the country can better convert its agricultural strengths into higher export earnings, more productive jobs and broader economic gains.

    Delhi Tightens Grip on 2,354 Industries with Real-Time Emission Monitors and Stricter Pollution Limits

    The plan underscores both the technical feasibility of continuous industrial monitoring at scale and the practical difficulties of extending such systems to thousands of smaller enterprises.

    India Eyes Global Food Basket Status with ‘Team Agriculture’ Push and Soil Health Drive

    Chouhan said expanding market access in this way can deliver better returns to farmers while advancing India’s goal of emerging as a major global food basket.
    - Advertisement -

    Editors Guild Report Lays Bare Credibility Crisis in Mainstream Indian Television

    The Editors Guild has positioned itself as a moral and ethical anchor for the industry, repeatedly calling for accuracy, balance and resistance to external pressures.

    Sri Lanka: Signature Campaign Seeks Fresh Presidential Pardon for Controversial Godman

    The initiative, supported by senior members of the Maha Sangha, comes in the wake of a landmark Supreme Court ruling that invalidated a previous pardon granted to the controversial Buddhist monk.

    Must read

    SouthAsia: UNODC Report Flags Distinct Synthetic Drug Markets Across Region

    By documenting distinct national patterns while highlighting shared vulnerabilities, the assessment provides a common analytical foundation for policymakers, investigators and health authorities.

    Sri Lanka Can Unlock Export Growth Through High-Value Agribusiness, Says Think Tank Study

    By addressing tariff distortions, policy unpredictability and underinvestment in knowledge and infrastructure, the country can better convert its agricultural strengths into higher export earnings, more productive jobs and broader economic gains.
    - Advertisement -

    More from the sectionRELATED
    Recommended to you