Director-General of the International Labour Organization: Global trade tensions impact the labor market.
The Director-General of the International Labor Organization, Guy Ryder, stated at the International Labor Conference on the 2nd that the current global trade tensions are intensifying, causing impacts on labor markets in various countries. The 113th International Labor Conference opened in Geneva, Switzerland on the 2nd. In his speech, Ryder stated that according to the latest predictions of the International Labor Organization's "World Employment and Social Outlook Report", the global new job creation by 2025 is estimated to be 53 million, which is a decrease of 7 million from the 60 million predicted in October last year. The main reason for this change is the intensification of trade tensions leading to a slowdown in global economic growth. Ryder also stated that the widespread application of artificial intelligence is having an increasingly significant impact on the global labor market, with digitalized jobs in media, software development, and finance facing growing risks. At the same time, positions relying on repetitive physical labor will become increasingly vulnerable.
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