Fair labor practices

Economic growth alone is not enough to ensure equity and eradicate poverty. All workers around the world should have decent working conditions and receive fair compensation. Unfortunately, many harmful labor practices continue around the world. Forced labor today generates more than US$150 billion in profits each year and keeps at least 25 million people in slavery-like conditions. More than 150 million children worldwide are engaged in child labor, more than half of them in hazardous work. In many other contexts, vulnerable groups such as workers with disabilities, women workers, and older workers face particular obstacles in accessing decent work. Corporations can support fair labor practices in many ways, including through internal policies and practices (such as paying a fair wage and ensuring decent work-life balance), business relationship choices (such as suppliers) and standards required of business partners, and reporting on labor rights