The GuardianThe Guardian

Global economic slowdown ‘to force more workers into poorly paid jobs’

By Kalyeena Makortoff

16 Jan 2023 · 2 min read

Editor's Note

Economies the world over are suffering as result of geopolitical tensions and supply-chain bottlenecks, the Guardian reports. That's forcing more people to accept poorly paid jobs even as prices rise.

More workers will be forced to accept lower quality and poorly paid jobs this year as a result of the global economic slowdown, according to a report from the International Labour Organization (ILO).

In its latest assessment of the state of the labour market, the Geneva-based ILO warned that “high and persistent” uncertainty over the state of the global economy was depressing business investment, eroding real wages and pushing workers back into informal employment, which can involve street vending, housekeeping or picking through landfills.

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