international labour organization

India plans to shift from minimum wage to living wage by 2025

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New Delhi: India is preparing to replace the minimum wage with living wage by 2025 and has sought technical assistance from the International Labour Organization (ILO) to create a framework for estimating and operationalising these, ET has learnt. Living wages – a minimum income necessary for a worker to meet their basic needs, factoring in … Read more

Illegal profits from forced labour up by 37% in last 10 years to $236 billion per year: ILO

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Forced labour in the private economy generates $236 billion in illegal profits per year with the total amount of illegal profits from forced labour rising by $64 billion or 37% since 2014, the International Labour Organization (ILO) said on Tuesday. “This is a dramatic increase that has been fuelled by both a growth in the … Read more