prompting the ilo to warn of an all too real risk of a lost generation.h figures highlight the uneven impact the crisis has had on workers, particularly women. more likely to care for children amid school closures, women are also more likely to work in the hardest hit sectors of the economy, such as the hospitality and service industries. global vaccination drives have raised hopes for reining in the pandemic. the ilo warns the prospects for a recovery of the global labor market this year are slow, and even an uncertain. kate: let's look on the trading action. a lowe's -- a lower close for the indices. losses of over 1.5% for the paris count in the frankfort dacs. a volatile day on wall street. the s&p 500 and the nasdaq rallying to close higher. the tech heavy nasdaq outpacing the others, up .7%. lots of earnings this week coming from heavyweights like mcdonald's, and boeing. moving onto to the days other headlines. google employees around the world are forming a union alliance, attempts to unionize have grabbed headlines, where they formed a labor union

ilo ilo randomizing on then with a quick look at the headlines this hour u.s. democrats are ramping up efforts to impeach president trump for a 2nd time following the storming of capitol hill by his supporters and that twitter has permanently suspended president trump's account citing the risk of him fueling further violence u.s. house speaker nancy pelosi says all options remain on the table as democrats push to have him removed from office sadly the person who i knew had to branch is a doraine just unhinged dangerous president of the united states and only a number of.

regards the conditions of work, as regards the environmental norms and that's why the core norms of the ilore important, too, and that is part and parcel of this agreement. we have to be very, very fast in finding multi-lateral answers to new challenges of digitalization. and i do hope particularly with the new american administration we will be able to continue the work of oecd particularly with regards of taxation to say the very least at digital companies and that we're also in a better position to look at the global importance of competition laws in order to prevent global monopolies because we do have these tendencies all over the world, and we need to address that. if we don't do it, we will -- if we go it alone, we'll do it insufficiently because going it alone will not suffice to help with those monopolies. we do hope economic recovery will happen all over the world. there are regions with good economic growth. europe has been hard hit. this career we have predictions as to more growth, but obviously this has to happen in a more concerted way all over the world, and for that coordin

ilo ilo randomizing on then with a quick look at the headlines this hour u.s. democrats are ramping up efforts to impeach president trump for a 2nd time following the storming of capitol hill by his supporters and twitter has permanently suspended president trump's account citing the risk of him fueling further violence u.s. house speaker nancy pelosi says all options remain on the table as democrats push to have him removed from office sadly the persons running executive branch is a drain judged unhinged dangerous president of the united states and only a number of days until we can be protected from him but he has done something so serious that there should be prosecution against him well i gather that the 25th amendment is off the table but isn't nothing is off the table patrick eye is on capitol hill with the latest on those impeachment proceedings against the president. so they could just begin the process on monday take a vote shortly after that they only the simple majority democrats lost a lot of their members but they still have a majority so they coul

the same way when men and young people have been especially affected now the director general of the ilo which released that report is a guy writer and he joins us now now mr writer if i may start off by asking you were you surprised by any of the facts that you read in the port as you read them. not really because we've been tracking the impact of the virus on the world of work since march of last year and we've seen the impact over the years so what we've done in our current report is make the balance sheet of the whole 2020 with the results that you mentioned this extraordinary loss of of work equivalent to 255000000 full time jobs but what we try to do is to break that down and say well what are the realities behind that ed line figure and what you find is that about half of that loss of work is due to people working shorter hours sometimes no hours at all but staying in that job and the other half is about loss of employment unemployment as such has gone up only i say only by 33000000 but we seen 81000000 people leave the labor market become inactive that's particularly the case for

president, that you said last year at the ilo meeting that capitalism had become mad.and in the context, you describe of a moral economy, what is the role of company philosophy -- i published a book today called stakeholder capitalism. what is your philosophy on this? what is your stake on this? >> i understand that your expression stakeholder capitalism. if you look at the last decades, we had -- capitalism and market economies have proven that successes we cannot be -- we cannot be too quick to throw the first stone here. we know that it's saved many millions of people and it took many millions of people into poverty. citizens and consumers, it enabled them to have access to goods and services as it happened very few times in the past. nevertheless, this all took place with the creation of inequalities in the different societies. so it meant that some people were taken out of poverty and took people into the production cycle, but it took out some others from the production cycle. and many fellow citizens had to face different crises of relocation, especially, and so

the same way when men and young people have been especially affected now the director general of the ilo which released that report is a guy writer and he joins us now now mr writer if i may start off by asking you were you surprised by any of the facts that you read in the court as you read them. not really because we've been tracking the impact of the virus on the world of work since march of last year and we've seen the impact over the years so what we've done in our current report is make the balance sheet of the whole 2020 with the results that you mentioned this extraordinary loss of of work acquittal and to 255000000 full time jobs but what we try to do is to break that down and say well what are the realities behind that headline figure and what you find is that about half of that loss of work is due to people working shorter hours sometimes no hours at all but staying in that job and the other half is about loss of employment unemployment as such has gone up only i say only by 33000000 but we seen 81000000 people leave the labor market become inactive that's particularly the cas

could into the ilo that 21 percent or 267 young people in the world have never studied and have never owned a job previously because it is now even if you take a v.m. the whole oid do that with a 30 percent. leave with a in income level of lower than 3.2 dollars a day with a little used them as it is there but even with that and so that's a kind of misalignment that you see in the world and that was the direct cause of the policy pursued in the 1008 cities and the goal is again these policies were based on some dogmas against the washington consensus. that there were some tacit hidden rules when you're doing. it all on one growth relies on private debt and deregulation of corporations. the 19 pandemic as i said only. exacerbated those issues and so that in the last year the economy in good dropped must in the ceiling which. you found in the labor market of which you. we lost about 500000000 of those with jobs well yes later on i mean you want to hold grudges and we were able to restore some of the jobs but again we could be permanent losses the modern 50000000 pieces of a very big or

. —— ilo. its impact is far greater then that of the global financial crisis of 2009.he 2009 financial crisis. there are many questions about which industries in which groups will be particularly badly hit. here is our bbc business correspondent michelle fleury. far bbc business correspondent michelle fleu . ., ., , ., ., , fleury. far from being an equaliser the pandemic— fleury. far from being an equaliser the pandemic is _ fleury. far from being an equaliser the pandemic is making _ fleury. far from being an equaliser the pandemic is making inequalityl the pandemic is making inequality worse. the latest to sound the alarm is that you win�*s labour by the international labour organisation because they confirm something that we already suspected, that women and younger workers are bearing the brunt. for example, unemployment among those aged between 15 and 24 was more than double the rate for adults, prompting the geneva—based group to one of the of a lost generation. even in the most optimistic scenario and then report the ilo suggested that we won't get back to wher