To promote inclusive and sustainable economic growth, employment and decent work for all
Sustained and inclusive economic growth can drive progress, create decent jobs for all and improve living standards. Even before the outbreak of COVID-19, one in five countries – home to billions of people living in poverty – were likely to see per capita incomes decline in 2020.
Now, the economic and financial shocks associated with the pandemic—such as disruptions to industrial production, financial market volatility, and rising insecurity—are derailing the already tepid economic growth and compounding heightened risks from other factors.
Decent work means opportunities for everyone to get work that is productive and delivers a fair income, security in the workplace and social protection for families, better prospects for personal development and social integration. A continued lack of decent work opportunities, insufficient investments and under-consumption lead to an erosion of the basic social contract underlying democratic societies: that all must share in progress.
(Information pulled from DECENT WORK & ECONOMIC GROWTH: WHY IT MATTERS)
