Unemployment remains a serious issue in today’s highly digitised society. A survey in 2018 found that roughly 172 million individuals worldwide were unemployed, about 5 percent of total global working age-population which was 5.7 billion. In 2019 and 2020, global unemployment rate is predicted to stay at the same level. Besides unemployment, decent work and living also arise to be a problem. Although job openings are widely opened across the globe, it is likely that decent job and unemployment will likely take years to solve.
However, there might be a way to overcome the decent work and living. the International Labour Organisation in their report has found a new way to provide sustainability at work by applying Sustainable Development Goal 8 (SDG 8). Sustainable work will likely ensure a decent living and job for employees. It means, not only getting better job, sustainable employment will also fix the rate of unemployment that is too high.
According to the latest report from ILO, SDG 8 is not just about full employment but also the quality of that employment. We all know that equality and decent work are the foundations of sustainability development. Therefore, moving towards more inclusive economic growth and decent work is a must.
There are 12 targets in SDG 8 comprises, each of which has one or more associated indicators. The targets in summary are:
According to the WESO report, the progress made from achieving SDG 8 has been slow. It happens due to major gaps both across and within countries. The highlighted challenges are those relating to informal employment, unsustainable consumption, limited access to financial services, risk of unemployment, discrimination against people with disabilities, exclusion of young people from the labour market, wage penalty, and child labour.
Moreover, there should be a clear understanding of the remaining challenges on the basis of further empirical analysis in order to necessarily provide all stakeholders with urgent guidance on how to achieve SDG 8. Thus, these following aspects should be considered and examined more closely in order to achieve the target: