The current global economic slowdown would force more workers to accept lower quality and poorly paid jobs, which lack job security and social protection, so accentuating inequalities exacerbated by the COVID-19 crisis, International Labour Organisation has stated in its latest report.
The ILO’s World Employment and Social Outlook: Trends 2023 report projected that global employment growth will be only 1.0 per cent in 2023, less than half the level in 2022.It stated that the moderate size of this projected increase was largely due to tight labour supply in high-income countries.
According to the report, in addition to unemployment, job quality remained a key concern, adding that decent work is fundamental to social justice. The report further highlighted that the current slowdown means that many workers would have to accept lower-quality jobs, often at very low pay, sometimes with insufficient hours.
The report also identified a new, comprehensive measure of the unmet need for employment – the global jobs gap.
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