Denied decent work opportunities and highly vulnerable to systemic shocks such as pandemics or economic downturns, workers in Asia and the Pacific are under pressure, according to a report launched on Tuesday by the UN Economic and Social Commission for Asia and the Pacific (ESCAP).
“Our region spends less than half of the global average on social protection,” said ESCAP Executive Secretary Armida Salsiah Alisjahbana.
“Almost 60 per cent of the population has no social protection coverage against normal life events such as pregnancy, child-raising, sickness, disability, unemployment or simply getting old”.
The 2022 Social Outlook for Asia and the Pacific: The Workforce We Need was released at the seventh session of the UN Committee on Social Development, which is meeting to discuss regional strategies for building a healthy, protected and productive workforce.
Although progress has been made since 2015, the region’s workforce remains ill-equipped to respond to the ongoing and emerging mega trends of climate change, aging societies and digitalization.
Two-thirds of the workforce, or 1.4 billion people, are employed informally and as a result, half are surviving on less than $5.50 a day.
Far-reaching consequences have already resulted in Asia and the Pacific’s labour productivity to fall below the global average as sustainable livelihoods remain out of reach for millions, according to the ESCAP report.