Statista’s Post

Around six in ten workers globally are part of the informal economy, according to estimates by the International Labour Organization (ILO). This share has remained persistently high – and in some regions even increased – due to limited job creation in the formal sector and growing inequality. Half of the global workforce today lacks adequate social security and legal workplace protections. While the informal economy is vital for production, income, and job creation in many countries, its workers are excluded from the protections and benefits that formal employment offers. The Covid-19 pandemic exposed the vulnerability of such workers. #statista #informaleconomy #socialprotection #futureofwork

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