World of Work Report 2008

Global income inequality gap is vast and growing
Source: International Labour Organization

Despite strong economic growth that produced millions of new jobs since the early 1990s, income inequality grew dramatically in most regions of the world and is expected to increase due to the current global financial crisis, according to a new study published today by the research arm of the International Labour Organization (ILO).

The new report, entitled World of Work Report 2008: Income inequalities in the age of financial globalization, produced by the ILO’s International Institute for Labour Studies also notes that a major share of the cost of the financial and economic crisis will be borne by hundreds of millions of people who haven’t shared in the benefits of recent growth.

Executive Summary; Full Report (PDF’s)

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