This report examines the evolution of real wages around the world, giving a unique picture of wage trends globally, by region and at country level. The current edition includes new evidence on how the COVID-19 crisis and recent inflation have impacted on wages and purchasing power across countries and regions up until the middle of 2022.
1. Introduction -- 2. The global economic and labour market context-- 3. Wage trends in the context of the COVID-19 crisis and rising price inflation-- 4. Wage inequality in the context of the COVID-19 crisis and rising price inflation-- 5. Policy options and responses to the cost-of-living crisis -- Databases used