International Labour Organisation Current Affairs - 2020
On April 8, 2020, the International Labour Organization released its report, “COVID-19 and world of work”. According to the report, around 400 million people are to enter poverty in India.
The United Nations Labour body, International Labour Organization has warned that the COVID-19 is to wipe out 195 million full-time jobs. Globally, the virus is to cut 6.7% of working hours.
According to the report, around 2 billion people are working in informal sector worldwide. They are at great risks. The reductions of jobs are to be more in Arab countries and in Asia and Pacific. In Arab countries, around 5 million full time workers are expected to lose their jobs. In Pacific and Asia, around 125 million are to lose their jobs. In Americas and Africa the risk percentage of unemployment is 43% and 26% respectively.
The COVID-19 is to affect mainly tourism sector, businesses, manufacturing, retail and food services. Around 3.3 billion work forces are affected due to full time or part time workplace closures.
Tags: Below Poverty Line • COVID-19 • International Labour Organisation • Poverty • Unemployment
The International Labour Organization released its “The World Employment and Social Outlook: Trends 2020” (WESO) report. The report stated that the global unemployment has been stable for the last nine years. However, slowing economic growth means that for the increasing labour force, no new jobs are created.
The report has projected that the unemployment is to increase around 2.5 million in 2020. Currently there are 188 million people unemployed in the world. This means one in five of the workers worldwide are living in poverty.
The report also says that around 165 million people in the world do not have enough paid work and 120 million lack access to labour market. In all, more than 470 million are affected due to unemployment problems.
According to the report, the growth in countries of India and china in the past 13 years has caused the global labour inequality to reduce. However, the labour income distribution within these countries has not changed. The Gender gap in wages of the labours is more in South Asian countries such as India, Pakistan and Bangladesh as compared to the rest of the world. While it stands at 15% in developed nations, in these countries the gender gap of wages is 40%.