Inter-American Centre for Knowledge Development in Vocational Training
World Employment and Social Outlook Trends 2020. ILO
1. Almost half-a-billion people have insufficient access to paid work:
* 165 million have a job but want to work more hours;
* 188 million are unemployed;
* 120 million have either given up actively searching for work or otherwise lack access to the labour market.
2. Access to paid work is no guarantee of a decent life:
* Many people have to accept unpleasant or unattractive jobs because not enough decent work is available;
* These jobs tend to be informal, low paid, insecure, with little access to social protection and rights at work.
Decent work concerns the adequacy of wages or self-employment earnings, the right to job security and a safe and healthy workplace, access to social protection, the opportunity to voice one’s views and concerns through a trade union, employers’ organization or other representative body, and other fundamental rights such as non-discrimination. Decent work deficits are especially pronounced in the informal economy, which registers the highest rates of in-work poverty and high shares of people who are own-account self-employed or contributing family workers who lack adequate protection.
3. Labour markets are currently producing extremely unequal outcomes:
* At the global level, inequality is much greater than previously thought, mainly because of extreme inequality in developing countries;
* The bottom 20 per cent are earning only 4.5 per cent of total income. This group needs 11 years on average to earn what the richest 20 per cent do in one year. The new data on labour income (for all workers, including the self-employed) demonstrate that, at the global level, income inequality is far greater than previously thought.