Global employment crisis: 2030 Agenda under threat
Word Employment and Social Outlook 2016
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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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.
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