Question

According to the ILO’s report on “Global Employment and Social Trends”, the number of workers in vulnerable forms of employment is likely to increase in the years to come. Globally, the significant progress achieved in the past in reducing vulnerable employment has essentially stalled since 2012. In 2017, around 42 per cent of workers (or 1.4 billion) worldwide are estimated to be in vulnerable forms of employment, while this share is expected to remain particularly high in developing and emerging countries, at above 76 per cent and 46 per cent, respectively. Worryingly, the current projection suggests that the trend is set to reverse, with the number of people in vulnerable employment projected to increase by 17 million per year in 2018 and 2019.” What accounts for this trend?

Answer 1

The reasons for increase in workers under vulnerable employment category are:

• Global economic slowdown - As there is economic slowdown, the number of jobs decrease. Those who are unemployed end up starting their small business on own account or are unemployed and are part of vulnerable group
• Rising automation - With the increase in automation, the requirement of human force has reduced resulting in increase in unemployment

Both the reasons are main contributor for rising trend