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2019-01-23

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Indian Economy
www.thehindu.com

The ILO report addresses the issue of inequality.V.V. KrishnanV_V_Krishnan  

As heads of State and business leaders gather in Davos for the World Economic Forum this week, the UN agency that sets international labour standards is asking them to commit to a universal labour guarantee, universal social protection from birth to old age, an international governance system for the gig economy, and a human-in-command approach to artificial intelligence.

In a report on the ‘Future of Work’, released in Geneva on Tuesday to mark its centenary, the International Labour Organisation (ILO) warned that “without decisive action we will be sleepwalking into a world that widens inequality, increases uncertainty and reinforces exclusion, with destructive political, social and economic repercussions.”

Around the world, 190 million people are unemployed, while 300 million workers live in extreme poverty, according to the ILO. Wage gaps are growing at a time of declining wage growth.

Two-thirds of jobs in the developing world are susceptible to automation, and only 15% of households in emerging countries have Internet access. Implementing the Paris Climate Agenda could create 24 million new jobs, but it could still be brutal to the 6 million workers expected to lose their jobs in the transition to a greener economy.

In such a situation, the ILO asked all countries to “place people at the centre of economic and social policy”, ensuring that final decisions are taken by human beings.

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