Millions of workers live in extreme poverty – ILO lament

The Director-General of the International Labour Organisation (ILO), Gilbert F. Houngbo, has observed that planetary labour markets stay broadly stable, but millions of workers proceed to look heavy structural challenges.

Speaking astatine the ongoing International Monetary Fund (IMF) and World Bank Spring Meetings successful Washington, D.C., Houngbo said persistent deficits successful decent enactment are undermining societal cohesion and economical resilience.

He noted that the deeper situation is 1 of enactment prime and structural transformation, stating that astir 284 cardinal workers proceed to unrecorded successful utmost poverty, portion 2.1 cardinal workers, astir 58 per cent of the planetary workforce, stay successful informal employment.

According to him, contempt dependable unemployment levels and continued economical maturation into aboriginal 2026, labour markets stay fragile. He identified rising sovereign debt, constricted fiscal space, and heightened...