Why it is a problem
Decent work and sustained economic growth are key to achieving fair and fulfilling living standards. Yet, they remain elusive for many. Here’s why this remains a significant issue:
- Unemployment: According to the International Labour Organization, more than 200 million people were unemployed in 2021.
- Poor Working Conditions: Many workers worldwide are engaged in precarious, unsafe, or exploitative work conditions, lacking social protection and workers’ rights.
- Income Inequality: The wealth gap between the rich and the poor continues to grow, with income inequality rising in many of the world’s economies.
- Slow Economic Growth: In many regions, particularly developing economies, growth rates are too low to create enough quality jobs for a growing workforce.
What can individuals do
Individuals can make a substantial impact in promoting decent work and economic growth:
- Support Fair Trade: Purchase products from companies that provide fair wages and safe working conditions to their employees.
- Advocate: Advocate for policies that promote decent work, workers’ rights, and inclusive economic growth.
- Education and Skills Development: Acquire new skills and improve your education to enhance your employability and contribute to economic growth.
- Raise Awareness: Inform others about the importance of decent work and economic growth for social and economic development.
The benefits of solving it
Ensuring decent work and sustained economic growth has multiple benefits:
- Social Development: Decent work can lead to improved living conditions, social inclusion, and reduced poverty.
- Economic Development: Sustainable economic growth can generate resources needed for public services, infrastructure, and investments that improve people’s lives.
- Reduced Inequalities: Decent work and economic growth contribute to reducing inequalities within and between countries.
- Empowerment: Gainful employment empowers individuals, giving them the means to participate in society and contribute to their communities.