International Labor Day(May Day)- COVID-19 Crisis : Will 200Crore Unorganized Labor become Jobless??

International labor day celebrates world wide on 1st May, also called May Day. European countries celebrate May Day as 'Spring festival' and in US labor day celebrated on 7th September. Present scenario states that global cooperation needed  among the countries to come out from unemployment crisis going to face by labor. COVID-19 Lockdown throws labor into poverty especially labor from informal economy, people working for daily wage are comes under Unorganized labor.

Skilled and unskilled labor also comes under Unorganized labor when they works in un registered organisations.

 Manpower in construction, production, street vendors,contract labor, some classes of service sector consists of Unorganized labor. Developing countries like India and technically termed as  emerging economies will consists of Unorganized labor.       Globally 200crores of people loosing their opportunities based on  "University of Oxford Government respond Stringency Index" ILO (International Labor Organization) released a report. World is moving fast towards recession. This is the Biggest crisis in the history of capitalism. Global crisis management leadership needed.
Countries follows protective economic policies then inequalities reaches at it's peak. For 34 decades global supply chains has been running global economy, but now there will be a chance of supply disruption.
Job security.
Unemployment in figures:

• In India 40 million migrant workers, inter state migrants within the country and migrants of foreign countries. Due to this unemployment rate increased by 23%. On the other hand Unorganized labor from informal economy , migrant workers and less secure jobs in formal economy also facing risk. By summarizing all these , total 400million people thrown to poverty in India alone.
• US inbuilt have some unemployment insurance, benefits provided in the recession time. 6 million people in US filed unemployment benefit applications. So we can understand what was the situation in US.
• Same as US, in UK also designed unemployment policies for this 6.5 million in UK are asking unemployment benefits.
• Like US and UK, 2.13million people needed job claiming in Canada.
• Including all the sectors of economy 59 million jobs are under threat in Europe
• ILO chief stated 195 millions people become jobless globally.

FAO(Food and Agriculture Organisation):
World faced two crisis 1930 great depression and 2008-09 crisis , present situation more than the two, COVID-19 crisis gives following affects:

• Zero Growth or Negative Growth: Investments under pressure in addition to this crude oil crisis, drives economy in to     -ve growth. Under these pressures investors are  not ready involve in the business, leads to zero growth in economy. 
• Scarcity of food grains: Due to less foreign exchange reserves countries unable to import food grains, countries not having food security,will depends on other countries, as a result scarcity of food grains occurs. 30million people will die due lack of food grains. 
• Liquidity crisis: To avoid food scarcity imports needed, in the form of imports currency shortage occurs. Exports not possible, leads to foreign exchange crisis, currency devaluated, money circulation disrupts this situation of the country called Liquidity crisis.

Steps to be taken:

• Needs debt moratorium globally, to reconstruct economy and postponement of loans. IMF (International Monetary Fund) play a role in implementing measures like debt moratorium, issuing SDR(Special Drawing Rights)
• Promoting local production and local consumption, don't depends on global exports and supply chains. Exports and imports not fine while the country struggles with scarcity food grains and liquidity crisis.
• Encouraging mass employment sector: In India 30% of the GDP contributed by MSME ( Micro Small and Medium Enterprises) and 11core of  employees contains in this. 96% of the employees in MSME sector having Single propertied organisations. And most of the employees comes under Unorganized labor. As Oxford Stringency report 40crores of Unorganized labor loosing opportunities so Indian Govt. has to promote MSME sector then around 9 to 10 crore of labor got opportunities. This step should be application cable to not only for India also for other developing economies too.
• Need global crisis management leadership: In order to face crisis, cooperation is needed among countries but currently competition among countries. Global leadership missing now.

Final Word:
International labor day is not simple  celebration, the real significance of the day will fulfill. whenever the government implement the  policies to empower unorganized and migrant labor. In the formal sector also job security is volatile in nature but they can survive.

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