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'The erosion of real wages and living standards by high and persistent inflation rates and rising costs of housing is unlikely to be compensated quickly' according to the report (Photo: Unsplash)

Labour market imbalances 'may be structural' warning

Stagnating productivity and rising inequalities has cast a shadow over the International Labour Organization's (ILO) employment and social outlook for 2024, published on Wednesday (10 January).

2023 saw encouraging employment figures, but the ILO does not expect them to improve much in 2024.

Despite the economic slowdown, labour...

'The erosion of real wages and living standards by high and persistent inflation rates and rising costs of housing is unlikely to be compensated quickly' according to the report (Photo: Unsplash)

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