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Global employment crisis: 2030 Agenda under threat

Article no: EN20160615-Article-1.2-2016

Global employment crisis: 2030 Agenda under threat

The global deficit in quality jobs and deteriorating economic conditions in a number of regions threatens to undo decades of progress in poverty reduction, warns a new report by the International Labour Organization (ILO), the World Employment and Social Outlook (WESO) 2016. The survey finds that over 36% of the emerging and developing world live in poverty ? on a daily income of less than $3.10 purchasing power parity (PPP). Rainer Falk summarizes the report.

The report comes with the title ?Transforming jobs to end poverty? (see reference). It calculates that some $600bn a year ? or nearly $10tr in total over 15 years ? is needed to eradicate extreme and moderate poverty globally by 2030. ?Extreme? poverty is defined by less than $1.90 PPP, ?moderate? poverty by between $1.90 and $3.10 PPP. The report concludes that the problem of persistent poverty cannot be solved by income transfers alone; more and better jobs are crucial to achieving this goal...

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Find in this article:
  • Poverty increases in developed countries too
  • Poverty reduction at risk: Fragile and uneven progress
  • Transforming jobs to end poverty
Rainer Falk is editor-in-chief of WDEV.

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