Unemployment Convention

Unemployment Convention‏‎ is an international treaty created by the International Labour Organization (ILO), aimed at establishing a set of standards for addressing unemployment. The convention was adopted at the 21st International Labour Conference in 1938.

Overview

The Unemployment Convention‏‎, also known as the Convention concerning Unemployment Indemnity in Case of Loss or Foundering of the Ship, is a treaty that sets out the rights and responsibilities of nations in relation to unemployment. The convention is one of the eight fundamental conventions of the ILO, which together form the core of international labour law.

Provisions

The convention requires that ratifying countries establish a system of unemployment insurance, which provides benefits to workers who become unemployed through no fault of their own. The convention also sets out the conditions under which workers are eligible for unemployment benefits, and the level of benefits that should be provided.

Ratification

As of 2021, the convention has been ratified by 38 countries. However, many countries have not ratified the convention, including some of the world's largest economies. The ILO continues to encourage all its member states to ratify and implement the convention.

Criticism

While the Unemployment Convention‏‎ has been praised for its aim of providing protection to unemployed workers, it has also been criticized. Some critics argue that the convention is outdated and does not take into account the changing nature of work and unemployment in the 21st century.

See also

• International Labour Organization
• Unemployment benefits
• International labour law

References

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