Labor reforms needed to tackle poverty

Source: One World

“South Asia could end poverty in a generation, but only if economic development is accompanied by inclusive labor market policies, according to a report by the International Labor Organization (ILO). Extreme working poverty fell by 20 percentage points in a decade from 53% in 1997 to 33% in 2007 — the greatest decrease of any region of the world. However, the proportion of working poor remains high, with eight out of 10 workers in this category.

The persistence of working poverty is mainly the result of continuing low productivity levels, with resulting wages too low to lift workers out of poverty. While there has been a fall in working poverty, the share of people in vulnerable employment remains the highest in the world, with seven out of 10 workers in this group.”

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