Goal 8. Decent work and economic growth (SDG)

Decent work and economic growth is an initiative aimed at supporting, encouraging and promoting work with remuneration according to the functions it has and making the gross domestic product (GDP) higher.

Goal 8. Decent work and economic growth (SDG)

This objective aims to support sustained and inclusive economic growth through the existence of the opportunity to work with fair wages.

This objective is part of the Sustainable Development agenda (SDG) pursued by the United Nations Development Program.

Reasons for Lack of Decent Work and Economic Growth

Among the causes for which employment does not occur in a permanent and sustained way are:

  • Lack of equal wages due to gender differences, even when performing the same functions.
  • Lack of youth employment.
  • Child labor
  • The existence of the informal economy, which entails non-existence of wages or a salary that does not cover the basic needs of a person and they lack social security.
  • Lack of capacity to be employable, this is the result of a lack of quality education, it is therefore important that one of the objectives of the ODS of the same name be achieved.
  • Given the lack of employment or very low income, there are sectors of the population that prefer to migrate to another country. In many cases, migration is even done illegally, in order to get a job.
  • Lack of opportunities for micro, small and medium-sized companies to be able to generate jobs in line with population growth.

Importance of decent work and economic growth

Well-paid work, inclusive and sustainable over time, is undoubtedly an engine of economic growth and that is why the International Labor Organization (ILO) plays an important role in this matter to provide all the economies of the recommendations necessary to achieve this.

In addition to the above, decent work is a growth trigger because, in addition to satisfying the basic needs of citizens, decent work manages to link people within society. And it is that it allows them to contribute with their work to society and maintain a sense of belonging to a community, as well as improve their living conditions in an aspirational and self-improvement sense.

Actions to achieve decent work and economic growth

There are many steps to take on this issue and some of the most important are listed in a general way.

  • Change informal work for a formal one. This assumes that the economy has the absorptive capacity to employ the entire population in order to provide them with a job that is consistent with their academic skills and knowledge (employability).
  • Generate the necessary regulatory policies to protect labor rights.
  • International cooperation to mitigate migration in search of employment.
  • Improve access to financing for companies so that they can grow in this way.
  • Facilitate taxation so that it is agile for companies and for the self-employed or independent workers. The objective is that they can comply with the procedures in a simple way and avoid informality.
  • Support the participation of unions so that information and monitoring is generated regarding the rights of workers in all companies.
  • Increase in productivity (incorporate technological innovation and promote entrepreneurship that generates employment).
  • Eradicate forced labor. In other words, those people who are working in illegal activities and without receiving pay. Since in addition to violating elementary rights, it prevents them from having the freedom to work where they want and develop.
  • Eradicate child labor.
  • Provide equal employment and salary opportunities for people with disabilities.
  • Promote activities in the sustainable tourism sector that generate employment and promote culture and the sale of local products, respecting the environment of the area.
  • Employ programs to reduce the number of young people who are unemployed or undergoing studies that enable them to enter the labor market.