SDG 8 Courses: Decent Work and Economic Growth

In 2017, the global unemployment rate was 5.6 per cent. In 2016, around 61 per cent of workers around the world were informally employed. In 40 out 45 countries for which data has been recorded, men earn 12.5 per cent more than women. The global gender pay gap is 23 per cent and with this rate it will take around 68 years to achieve equal pay. Women continue to do 2.6 time the unpaid care and domestic work compared to men.

A decent living is not guaranteed by having a job. This is confirmed by the fact that eight per cent of employed people and lived in extreme poverty in 2018. Furthermore, around half of the population in the world survives on about $ 2 a day, with many of them having jobs that do not guarantee escape from poverty. Thus, the goal is to promote inclusive and sustainable economic growth, employment and decent work for all by 2030. Besides creating jobs, conditions must be improved for more than 700 million women and women who are working, but do not earn enough to escape poverty. The goal is also to provide women and girls to equal opportunities and employment.

If people are productive and contribute to the economic growth of their countries, then a whole society benefits. To achieve poverty reduction then all people should have productive employment and decent work, which, if not achieved, might lead to unrest and disrupt peace. Decent work means that people receive fair income, social protection for their families and security in the workplace, as well as to have prospects for social integration and personal development. Therefore, societies should create conditions that enable people to have quality jobs and stimulate the economic growth. For example, young people should be equipped with skills that match labor market demands and they should enjoy social protection regardless of the type of contract they have.  Also, governments can work on achieving sustainable and dynamic economies by promoting economic empowerment of women and youth employment. Above all, governments should promote decent work for all. Also, community cohesion and personal security should be fostered and stimulated by local communities and there needs to be an increased accessed to financial services to that people are able to manage their incomes. Last, but not least, governments should commit more to agriculture, trade and banking infrastructure as to increase productivity and reduce unemployment rates.

 

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