Connect with us

General news

Insufficient paid work affects half a billion people, ILO report says

Published

on

The International Labour Organisation (ILO), says insufficient paid work affects almost half a billion people in the world.

Mr Guy Ryder, ILO Director-General, disclosed this in the latest edition of the ILO”s World Employment and Social Outlook Trends 2020 (WESO), report made available to newsmen on Tuesday in Abuja.

According to him, lack of decent work combined with rising unemployment and persisting inequality is making it increasingly difficult for people to build better lives through their work.

“Almost half a billion people are working fewer paid hours than they will like or lack adequate access to paid work. In addition, the report shows that unemployment is projected to increase by around 2.5 million in 2020.

” Global unemployment has been roughly stable for the last nine years but slowing global economic growth means that, as the global labour force increases, not enough new jobs are being generated to absorb new entrants to the labour market.

“For millions of ordinary people, it is increasingly difficult to build better lives through work,” he said.

Ryder noted that persisting and substantial work-related inequalities and exclusion were preventing them from finding decent work and better futures.

He added that this is an extremely serious finding that has profound and worrying implications for social cohesion.

“For millions of ordinary people, it is increasingly difficult to build better lives through work,” he said.

The ILO director general also said the WESO report showed that the mismatch between labour supply and demand extends beyond unemployment into broader labour under-utilisation.

He further said that in total, more than 470 million people worldwide were affected, and called on all to tackle labour market inequalities and gaps in order to have access to decent work.

Mr Stefan Kühn, lead author of the report, cautioned that intensifying trade restrictions and protectionism could have a significant impact on employment, both directly and indirectly.

According to him, a cursory look at economic growth showed that the current pace and form of growth was hampering efforts to reduce poverty and improve working conditions in low-income countries.

Edited by: Chioma Ugboma and Ephraims Sheyin

Load more

Contact US: editor[at]nnn.com.ng, nnnnews247[at]gmail.com

Recent Posts

February 2020
MTWTFSS
« Jan
12
3456789
10111213141516
17181920212223
242526272829

NNN News Nigeria: NNN is an online Nigeria news portal that publishes breaking news in politics, business, entertainment, sport, security, features, opinion, environment, education, technology, and the world news at large. NNN publishes only news that is factual, credible, verifiable, authoritative and investigative. NNN is a media subscriber of the News Agency of Nigeria. NNN is a unique media organization that is founded in the spirit of Article 19 of the Universal Declaration of Human Rights, comprising of ordinary people with an overriding commitment to seeking the truth and publishing it without fear or favor. Contact: editor[at]nnn.com.ng

© 2014 - 2019 NNN News Nigeria. All Rights Reserved.