Global pressure on wages from COVID-19 will not stop with the arrival of a vaccine, the head of the International Labour Organization (ILO) warned on Wednesday, coinciding with a major report showing how the pandemic had slowed or reversed a trend of rising wages across the world, hitting women workers and the low-paid hardest.
The African Continental Free Trade Area represents a major opportunity for countries to boost growth, reduce poverty, broaden economic inclusion and help “expand opportunities for all Africans”, hailed a World Bank official on Monday, which if fully implemented, could boost regional income by around $450 billion.
Jobs, livelihoods and the well-being of workers, families and businesses across the globe, continue to take a hit from the COVID-19 pandemic; with micro, small and medium enterprises in particular, suffering the dire economic consequences, according to a new policy brief released by the UN on Friday.
Unprecedented innovations in the world of work provide “countless opportunities” but unless they are embraced through action, inequality and uncertainty will only widen in the workplace, according to a landmark new International Labour Organization (ILO) report released on Tuesday.
There is no “automatic link” between work and human development, according to a new UN report on the topic, released Monday.
The 2015 Human Development Report highlights that although work is vital, it is the quality of that work that matters most.
The report pays particularly attention to the 1.5 billion people in developing countries working in jobs that offer few rights, with virtually no social protections.