UN to focus on social protection targets

Labour experts warn that without basic investment in health and nutrition, economic growth will not take off.

 ILO-wages

ILO-wages

The majority of people globally do not have any basic social security such as family benefits, pensions, and health care plans.

Having them, says Michael Cichon, Director of the International Labour Organization’s (ILO) Social Security Department, make an enormous difference in reducing poverty and inequality,

“People that are hungry, people that are unhealthy, kids that have not been educated well, and nourished well will never be able to be productive and will never be able to have productive jobs and well paid jobs in the formal economy.”

Only 20% of the world population has access to social protection mechanisms that act as a safety net against hunger and poverty, according to ILO’s Cichon.

And they are mainly in industrialized nations, where 50% of poverty and inequality are reduced by proper social transfers.

Duration: 0’15”

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