Robotization, the emergence of artificial intelligence (AI), technological innovation would explain, in part, why the weight of the wage bill in the GDP is declining in the world. The International Labor Organization (ILO) in turn is looking, in a note published Wednesday, at a subject that is far from unanimous.
The ILO starts from an observation: the decline over the past five years in the share of wages in gross domestic product (GDP). In 2019, it stood at 52.9% worldwide. According to its estimates, for 2023 and 2024, this level will have fallen by 0.6 percentage points. To get an idea of what this figure represents, the ILO suggests that the global wage bill has been reduced by 2.4 trillion dollars in five years.