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Roughly half the world’s population still lives on the equivalent of about US$2 a day with global unemployment rates of 5.7% and having a job doesn’t guarantee the ability to escape from poverty in many places. This slow and uneven progress requires us to rethink and retool our economic and social policies aimed at eradicating poverty. A continued lack of decent work opportunities, insufficient investments and under-consumption lead to an erosion of the basic social contract underlying democratic societies: that all must share in progress. Even though the average annual growth rate of real GDP per capita worldwide is increasing year on year, there are still many countries in the developing world that are decelerating in their growth rates and moving farther from the 7% growth rate target set for 2030. As labor productivity decreases and unemployment rates rise, standards of living begin to decline due to lower wages. Sustainable economic growth will require societies to create the conditions that allow people to have quality jobs that stimulate the economy while not harming the environment. Job opportunities and decent working conditions are also required for the whole working age population. There needs to be increased access to financial services to manage incomes, accumulate assets and make productive investments. Increased commitments to trade, banking and agriculture infrastructure will also help increase productivity and reduce unemployment levels in the world’s most impoverished regions. Read more about Decent Work And Economic Growth >>
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Sustainable Development Goal 8: Decent Work And Economic Growth (10581 publications)

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    What does Sdg8 mean? Let's check what the community at Wikipedia thinks

    In English: Sustainable Development Goal 8 (SDG 8 or Global Goal 8) is about "decent work and economic growth" and is one of the 17 Sustainable Development Goals which were established by the United Nations General Assembly in 2015. The full title is to "Foster sustained, inclusive and sustainable economic growth, full and productive employment and decent work for all." Progress towards targets will be measured, monitored and evaluated by 17 indicators. SDG 8 has twelve targets in total to be achieved by 2030. Some targets are for 2030; others are for 2020. The first ten are "outcome targets". These are; "sustainable economic growth; diversify, innovate and upgrade for economic productivity", "promote policies to support job creation and growing enterprises", "improve resource efficiency in consumption and production", 'full employment and decent work with equal pay', 'promote youth employment, education and training', 'end modern slavery, trafficking, and child labour', 'protect labour rights and promote safe working environments', 'promote beneficial and sustainable tourism', universal access to banking, insurance and financial services. In addition, there are also two targets for "means of achieving", which are: Increase aid for trade support; develop a global youth employment strategy. This goal aims at ensuring the economic sector of every country provides the necessary need for its citizen to have a good life irrespective of their background, race or culture. Roughly half the world's population still lives on the equivalent of about US$2 a day. In many places, having a job does not guarantee the ability to escape from poverty. This slow and uneven progress could require everyone to rethink and retool the economic and social policies aimed at eradicating poverty.For the least developed countries, the economic target is to attain at least a 7 percent annual growth in Gross Domestic Product (GDP). In 2018, the global growth rate of real GDP per capita was 2 per cent. In addition, the rate for least developed countries was 4.5 per cent in 2018 and 4.8 per cent in 2019, less than the 7 per cent growth rate targeted in SDG 8. The COVID-19 pandemic is pushing the world into the worst global economic crisis since the Great Depression. Learn more at Wikipedia

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