The Decent Work Imperative
The global economy’s growth in recent decades has not created enough good jobs, partly owing to the increase in casual labor, outsourcing, and low-paid service-sector employment. But decent employment is the surest way for the poor to escape poverty, and must therefore be a priority of any serious effort to reduce poverty on a sustained basis.
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NEW YORK – Over the past decade, the ranks of the unemployed have swollen to close to 190 million worldwide. That number captures only a fraction of the problem, since 80% of the global workforce is in the informal sector, without any unemployment benefits or other social protection. It is estimated that at least 43.5% of workers – 1.3 billion people – do not earn enough to lift themselves and their families above the $2-a-day poverty line. Recent World Bank poverty recalculations are expected to raise the number even higher.