Economic slowdown will force workers into worse jobs: UN

A global economic slowdown will force more workers into accepting lower quality, poorly paid jobs in 2023, while inflation gobbles up real term wages, the United Nations (UN) warned yesterday.

As prices rise faster than incomes, the cost-of-living crisis risks pushing more people into poverty, the UN's International Labour Organization (ILO) said, while unemployment around the world is set to rise.

The ILO said deficits in decent work had been worsened by multiple, overlapping crises, including war in Ukraine, emerging geopolitical tensions, an uneven recovery from the COVID-19 pandemic and continuing supply chain bottlenecks.