Falling Shares of Labour Income*

Oct 15th 2024, C.P. Chandrasekhar and Jayati Ghosh

The latest World Employment and Social Outlook Report (update for September 2024) from the International Labour Organisation highlights some disturbing trends. Importantly, it identifies a significant decline and then stagnation in the share of labour income in GDP, for the world as a whole, in the past few years.

* This article was originally published in the Business Line on October 14, 2024.


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