86% of world’s unemployed get no income support: ILO
More than 86 percent of workers worldwide who lost their jobs after the global economic crisis – about 34.4 million people – had no unemployment benefit to fall back on, the International Labor Organization said on Wednesday.
“More than 86 percent of the almost 40 million people who dropped out of the labor market since 2008 found themselves without a regular income from one day to the other,” said ILO social protection expert Florence Bonnet.
The figures, which take into account many young workers who have not paid a sufficient number of social security contributions to receive benefits, form part of an ILO survey showing a stark absence of statutory cover for those who lose their jobs around the world.
Workers’ insurance schemes exist in only 72 countries out of 198 surveyed by the Geneva-based agency, and most of them are well-off nations, it said.
Only 16 percent of countries taking part in the poll offer income support for young people looking for their first job, ILO’s findings also showed.
In Europe and North America, 80 percent of people without a job receive benefits, while in Africa the proportion is less than 10 percent.
About 114 countries “offer absolutely nothing at all, particularly in Africa,” Bonnet said, adding that only six countries on the African continent offered unemployment protection.
South Africa’s system was among the most developed, Bonnet added.
In Latin America and the Caribbean, 40 percent of workers have unemployment insurance.
Asian countries that offered no insurance for the jobless include the Philippines and Indonesia, Bonnet said, insisting that unemployment insurance helped other countries resist economic shocks.
Citing South Korea, which introduced such cover in 1995, ahead of the Asian financial crisis of 1997, Bonnet said this action “helped the country absorb the repercussions of the recent global economic crisis in a more systematic and effective way.”
You may be interested
Costa Rica coronavirus updates for Friday, September 25Alejandro Zúñiga - September 25, 2020
Costa Rica announced 17 new coronavirus-related deaths over the last day for a total of 812, according to official data…
Authorities tell Ponderosa Adventure Park to stop animal reproduction, feeding tours, selfiesAlejandro Zúñiga - September 25, 2020
The National System of Conservation Areas, part of the Environment Ministry, has informed Ponderosa Adventure Park in Guanacaste that it…