Foreign: Coronavirus prompted changes to global workforce to be permanent.

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Sweeping changes to the global labour market caused by the coronavirus pandemic will likely be permanent, policy makers said today, as some industries collapse, others flourish and workers stay home. The International Labour Organization has estimated that the impact of huge job losses worldwide is creating a fiscal gap that threatens to increase inequality between richer and poorer countries. The ILO estimated that global labour income declined by 10.7 per cent, or 3.5 trillion dollars, in the first three quarters of 2020, compared with the same period in 2019, excluding government income support.

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