What are the key findings of the ILO study on forced labor, which states that 3.5 people per 1,000 are engaged in such activities
Exploring the global scenario of forced labor and its implications on society and economy
- The ILO study on forced labor found that an estimated 24.9 million people globally are in forced labor, with 3.5 individuals per 1,000 affected.
- Forced labor contributes to an estimated $150 billion in illegal profits per year, making it a lucrative but exploitative industry.
- Implications of forced labor include human rights violations, loss of dignity and autonomy for victims, and perpetuation of poverty and inequality.
- Forced labor can also lead to a decrease in wages and job opportunities in legitimate sectors as it distorts the labor market.
- Socially, forced labor undermines social cohesion and trust while economically it harms businesses by promoting unfair competition through cheap labor.
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a year ago