Create active labour market policies to help workers upskill and re-skill to keep or change their job, adapt to the green and digital transitions.Design policy measures to extend social protection to workers in the informal economy, and to foster the progressive formalization of enterprises and employment, including in the care economy.Expand investment in Social Protection Floors as a percentage of GDP in national budgets.Develop integrated national and inclusive recovery strategies for decent job creation, especially in the care and green sectors, universal social protection, and a just transition, and ensure they are aligned with macro-economic and fiscal policies and underpinned by sound data.To achieve this Goal, the Policy Brief entitled “Investing in Jobs and Social Protection for Poverty Eradication and a Sustainable Recovery” recommends several actions: To achieve a job-rich recovery and a just transition to a sustainable and inclusive economy, the Secretary-General is calling for a Global Accelerator for Jobs and Social Protection that would create at least 400 million jobs and extend social protection to 4 billion women, men and children currently without coverage. The public and private sectors should leverage finance to significantly ramp up such investments to get the world back on track to achieve the Sustainable Development Goals and to address ever increasing risks from climate change and environmental degradation that could jeopardize 1.2 billion jobs-equivalent to 40 percent of the global labour force.Ī human-centred recovery from the pandemic needs employment and social protection policies to work in tandem, not only to improve people’s living standards, but also to help them navigate the challenges of a rapidly changing world of work and the transition towards the goal of net zero carbon emissions by 2050. The Secretary-General’s brief calls for urgent investments in a job-rich, sustainable and socially inclusive recovery. This corresponds to a loss of US$3.3 trillion in labour income before government support.īecause of the pandemic, there are an estimated 75 million fewer jobs in 2021 than there were before the crisis, and 23 million fewer projected in 2022. While the wealth of billionaires increased by over US$ 3.9 trillion between March and December 2020, the impact of the pandemic on the world of work, among other factors, increased the number of extremely poor by between 119 and 224 million people-the first increase in poverty in over 21 years.Īn estimated 8.8 percent of total working hours - equivalent to the hours worked in one year by 255 million full-time workers - were lost in 2020.

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