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Global slowdown to force workers into worse jobs

GENEVA: A global economic slowdown will force more workers into accepting lower-quality, poorly paid jobs in 2023 while inflation gobbles up real term wages, the United Nations warned on Monday.

As prices rise faster than incomes, the cost-of-living crisis risks pushing more people into poverty, the UN's International Labor Organization (ILO) said, while unemployment around the world is set to rise.

Shirtless workers screen cooked milled soybeans to get its extract at a traditional tofu factory in the city of Bogor, West Java province, southwestern Indonesia on Jan. 7, 2023. AFP PHOTO