Decent Work and Economic Growth Lab

Although the past 25 years have brought a significant decline in extreme poverty, today we see growing inequalities, slower economic growth, and a surplus of labour to job opportunities.

Increasing productivity, reducing unemployment, increasing access to financial services and benefits are key components for sustained and inclusive economic growth.

Learn how you can tackle these issues by joining the Decent Work and Economic Growth Lab, part of Prepr’s Sustainable Innovation Lab series.

Banner: Economic Growth Lab.
UN Sustainable Development Goal (SDG) 8: Decent Work and Economic Growth.

UN Sustainable Development Goal #8: Decent Work and Economic Growth

This UNESCO goal aims for productive, decent and equitable employment for all by 2030, as well as 7% annual GDP growth for all developing countries. It targets economic diversification, technological upgrades, and entrepreneurial activity. It also targets environmental concerns, aiming for sustainable consumption and production by 2030.

Key facts about economic growth and equality

The global unemployment rate stands at 5.7%. Women are less likely to be employed than men across all age groups.

Of the 76% of countries with accessible data, more than 1 out of 10 youth are neither in school nor working.

More than half of child labourers (85 million children) work in unsafe or hazardous conditions. Most child labourers work in the agricultural sector.

Labour productivity has slowed since 2000 to about 1.9% (down from 2.9%.) This represents a negative development for the global economy.

In developing countries, the middle class makes up more than 34% of the population. Men earn 12.5% more than women in 40 out of 45 countries with data.

Automation is shifting labour demand from unskilled jobs to high skilled work.

Globally, 61% of all workers were engaged in informal employment in 2016. Excluding the agricultural sector, 51% of all workers fell into this employment category.

The global gender pay gap stands at 23% globally. Without decisive action, it will take another 68 years to achieve equal pay. Women’s labour force participation rate is 63% while that of men is 94%.

Poor access to education increases the supply of low-skilled workers, while global market forces saddle them with a lack of work.

Despite their increasing presence in public life, women continue to do 2.6 times the unpaid care and domestic work that men do.

We will need to create 470 million new jobs to cover new entrants to the labour market between 2016 and 2030.

The global unemployment rate in 2017 was 5.6% , down from 6.4% in 2000.

By joining the Decent Work and Economic Growth Lab, you can:

Icon: world growth.

Build solutions for the real world using our expert tools and resources

Icon: idea growth.

Connect and share your innovations with like-minded experts and entrepreneurs using Prepr’s virtual Lab network

Icon: global care.

Go from problem to pitch deck in 90 days or less using Prepr’s P.I.E.® Framework

Icon: growth mindset.

Build a portfolio project or CSR initiative that stands out and makes a real-world impact

Ready to build for a better future?

Get recognized for solving real-world problems. Join the Decent Work and Economic Growth Lab today.