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Poverty Reduction (MDG1): Why Decent Work is Important

Poverty Reduction (MDG1): Why Decent Work is Important. UN MDG Workshop: The Final Push – Media’s Role 28 May 2012 Phu Huynh Labour Economist ILO Regional Office for Asia and the Pacific.

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Poverty Reduction (MDG1): Why Decent Work is Important

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  1. Poverty Reduction (MDG1):Why Decent Work is Important UN MDG Workshop: The Final Push – Media’s Role 28 May 2012 Phu Huynh Labour Economist ILO Regional Office for Asia and the Pacific Decent Work for All ASIAN DECENT WORK DECADE 2006-2015

  2. Despite remarkable progress, workers still earning too little to escape poverty… % of workers living in poor households Note: MDG Target 1B indicator. US$1.25 per day poverty line. Source: ILO, Key Indicators of the Labour Market (KILM), 7th edition. …around 326 million workers in Asia live on less than US$1.25 per day

  3. Poor job quality remains pervasive… Own-account and contributing family workers as % of total employment Note: MDG Target 1B indicator. Source: ILO, Key Indicators of the Labour Market (KILM), 7th edition. …1.1 billion, or 3 in 5, are own-account or contributing family workers – with low pay and limited protection

  4. Productivity is rising but remains low… Labour productivity (GDP per person employed) Note: MDG Target 1B indicator. Labour productivity measured in constant 2005 international $. Source: ILO, Key Indicators of the Labour Market (KILM), 7th edition. …and can address poverty by raising wages/earnings, improving working conditions

  5. What needs to be done Three principles: Job quality is key to reduce poverty, develop middle class, boost domestic markets Strong institutions are vital for addressing inequalities Social protection is an investment in society (not a cost) Three areas for action: Reduce vulnerabilities and disparities Navigate crises and volatility Ensure fair wages/incomes, distribution

  6. Thank you Phu Huynh Labour Economist ILO Regional Office for Asia and the Pacific huynh@ilo.org For more information www.ilo.org/asia ASIAN DECENT WORK DECADE 2006-2015 Decent Work for All

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