Half of the world’s workforce—some 1.6 billion workers—faces a threat to basic livelihoods due to widespread shutdowns needed to combat the spread of the coronavirus pandemic
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The data highlight “the devastating effect on workers in the informal economy and on hundreds of millions of enterprises worldwide.” Hours worked are now forecast to plunge 10.5%, amounting to 305 million full-time jobs, presuming a 48-hour workweek.
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