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IPFS News Link • Employment & Jobs

Reviewing the World and the Rest of Your Life

• by Brian Wang

There was a consideration super-technology, debt, growth, jobs and living the next 45 years.

World Jobs Now

18 months ago the world was at 5.6% unemployment. Now, the UN's International Labor Organization predicts 1.6 billion informal economy workers could suffer "massive damage" to their livelihoods. In the second quarter of 2020, COVID-19 may cost the equivalent of 305 million full-time jobs.

Poverty and Recession

In 2018, there were about 3.5 billion people that were employed.

The Covid-19 pandemic has put 265 million people globally at risk of starvation and India is expected to add 12 million more poor to its population.

The global poverty level will rise for the first time in 22 years.

In 2018, the article noted that every 6 to 11 years there has been a recession in the USA. A prediction was made in 2018 that will be one to three recessions before a 50 year old person retires. There has now been in a recession in 2020.