ILO Report on Forced Labour Profits

Santhosh Kumar 21/03/2024
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ILO Report on Forced Labour Profits mind map Recent News Global launch Profits and Poverty The Economics of Forced Labour Estimates profits generated from forced labour When Published in March 2024 Why Economic growth not beneficial for all Increase in forced labour and trafficking What 21 million in forced labour Men, women and children Trafficked, debt bondage, slave-like conditions Builds on earlier ILO studies Supply and demand sides of forced labour Correlation between forced labour and poverty Updated estimates of global profits Socio-economic factors Vulnerability to forced labour Poverty, lack of education, illiteracy, gender, migration Chapter overview Chapter 1 Forced labour understanding and definition Reviews global forced labour estimates Chapter 2 Profits from forced labour New and expanded methodology Chapter 3 Analysis of socio-economic factors Household vulnerability to income shocks Risk factors increasing vulnerability Where Global perspective Who International Labour Organization (ILO) How Standardized data collection methods Development of robust strategies Strengthening of laws and policies Expansion of preventive measures Significance Attention to private sector forced labour Need for comprehensive measures Involvement of governments, workers, employers, stakeholders Challenges Socio-economic root causes Difficulties in data collection and analysis Way Forward Address socio-economic causes Eradicate forced labour Collaborative efforts to end forced labour

The ILO Report on Forced Labour Profits, released in March 2024, reveals the staggering reality of 21 million individuals trapped in forced labour globally, generating substantial illegal profits. This comprehensive study builds on previous research, highlighting the intricate relationship between forced labour and poverty. It presents updated profit estimates and delves into the socio-economic factors that predispose individuals to such exploitation, including poverty, lack of education, and migration. The report underscores the urgent need for a multifaceted approach involving governments, businesses, and other stakeholders to address the root causes of forced labour and to implement effective prevention and eradication strategies.

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Categories: Indices/Reports, Labour Rights
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