New York, November 30: This world suffers from an acute problem of inequality. While some people even have their own jet, some people don’t even have proper social security and can’t afford basic needs. More than half of the global population that means some four billion people has no social security protection.
“The lack of social protection leaves people vulnerable to ill-health, poverty, inequality and social exclusion throughout their lifecycle. Denying this human right to four billion people worldwide is a significant obstacle to economic and social development,” the UN International Labour Organization Director-General Guy Ryder.
Despite a slight improvement in welfare coverage since 2015 around the world, much more investment by governments will be needed to extend protection to all. The report suggests the aggregate level of public expenditure on social protection needs to be increased to extend social protection coverage, particularly in Africa, in Asia and the Arab countries.