Question

write a brief editorial on how covid 19 has impacted the employment scenario?​

Answer 1

Answer:

GENEVA (ILO News) – The economic and labour crisis created by the COVID-19 pandemic could increase global unemployment by almost 25 million, according to a new assessment by the International Labour Organization (ILO).

However, if we see an internationally coordinated policy response, as happened in the global financial crisis of 2008/9, then the impact on global unemployment could be significantly lower.

The preliminary assessment note, COVID-19 and the world of work: Impacts and responses , calls for urgent, large-scale and coordinated measures across three pillars: protecting workers in the workplace, stimulating the economy and employment, and supporting jobs and incomes.

These measures include extending social protection, supporting employment retention (i.e. short-time work, paid leave, other subsidies), and financial and tax relief, including for micro, small and medium-sized enterprises. In addition, the note proposes fiscal and monetary policy measures, and lending and financial support for specific economic sectors.

Different scenarios

Based on different scenarios for the impact of COVID-19 on global GDP growth, the ILO estimates indicate a rise in global unemployment of between 5.3 million (“low” scenario) and 24.7 million (“high” scenario) from a base level of 188 million in 2019. By comparison, the 2008-9 global financial crisis increased global unemployment by 22 million.

Underemployment is also expected to increase on a large scale, as the economic consequences of the virus outbreak translate into reductions in working hours and wages. Self-employment in developing countries, which often serves to cushion the impact of changes, may not do so this time because of restrictions on the movement of people (e.g. service providers) and goods.

Falls in employment also mean large income losses for workers. The study estimates these as being between USD 860 billion and USD 3.4 trillion by the end of 2020. This will translate into falls in consumption of goods and services, in turn affecting the prospects for businesses and economies.

Working poverty is expected to increase significantly too, as “the strain on incomes resulting from the decline in economic activity will devastate workers close to or below the poverty line”. The ILO estimates that between 8.8 and 35 million additional people will be in working poverty worldwide, compared to the original estimate for 2020 (which projected a decline of 14 million worldwide).

Swift and coordinated policy responses

“This is no longer only a global health crisis, it is also a major labour market and economic crisis that is having a huge impact on people,” said ILO Director-General Guy Ryder. “In 2008, the world presented a united front to address the consequences of the global financial crisis, and the worst was averted. We need that kind of leadership and resolve now,” he added.

“This is no longer only a global health crisis, it is also a major labour market and economic crisis that is having a huge impact on people."

Guy Ryder, ILO’s Director-General

The ILO note warns that certain groups will be disproportionately affected by the jobs crisis, which could increase inequality. These include people in less protected and low-paid jobs, particularly youth and older workers. Women and migrants too. The latter are vulnerable due to the lack of social protection and rights, and women tend to be over-represented in low-paid jobs and affected sectors.

“In times of crisis like the current one, we have two key tools that can help mitigate the damage and restore public confidence. Firstly, social dialogue, engaging with workers and employers and their representatives, is vital for building public trust and support for the measures that we need to overcome this crisis. Secondly, international labour standards provide a tried-and-trusted foundation for policy responses that focus on a recovery that is sustainable and equitable. Everything needs to be done to minimize the damage to people at this difficult time,” concluded Ryder.

Answer 2

COVID-19 IMPACT ON THE EMPLOYMENT SCENARIO

• The COVID-19 pandemic has prompted one of the most disastrous enjoyment crises since the Great Depression. There is a substantial threat that the crisis will heighten deprivation and widen inequalities, with the impact felt for years to appear.

• Countries now require to do everything they can to stop this employment crisis from rolling into a social crisis. Reconstructing a reasonable and additional resilient labour market is a vital investment in the future and future generations.

• The unemployment rate suffers at thirteen per cent, urban fifteen per cent and rural eleven per cent on 3rd June 2021. We noticed that small towns and rural areas were not relatively affected by the COVID-19 pandemic last year. But during the second wave, it flooded over these regions also affecting the employment circumstances.

• A decade of extended economic growth ended early in 2020, as the coronavirus disease 2019 (COVID-19) pandemic and undertakings to include it led industries and businesses to discontinue operations or close, resulting in a list number of temporary layoffs. The pandemic also deterred many people from looking for jobs.

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