New Report Finds Millions Affected by Insufficient Pay
A new report by the International Labor Organization finds that nearly 5 0 0 million people lack access to paid work. The report further found that this group may also be working fewer paid hours than they would like. Such large numbers of underemployed persons are a draw on the global economy, says global relocation expect NY based attorney Jon Purizhansky . The report, titled the World Employment and Social Outlook: Trends 2 0 2 0 , takes a macro and micro economic view to the global labor markets. The report projects that unemployment may rise by around two and a half million in 2020. Although global unemployment has been steady for nearly the past decade, that may change this year in-part to lack of employment opportunities for new entrants to the market. This is not an unusual affect, says Jon Purizhansky , when the economy grows it often takes time for the labor market to catch up – but it is a metric that is directly ties...