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January 26, 2021

UN Labor Body Says the Pandemic Cost Workers $3.7 Trillion in Lost Wages 
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The International Labour Organization warns wages fell by $3.7 trillion
in 2020, with the coronavirus pandemic eliminating the equivalent of
more than a quarter-billion full-time jobs. Job losses around the world
were four times worse last year than during the global financial crisis
that began in 2007.

This comes as the International Chamber of Commerce is warning vaccine
nationalism could cost the global economy $9.2 trillion if governments
fail to provide poorer nations with access to COVID-19 vaccines. Nearly
half of the losses would impact wealthier countries.


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