The United Nations Labour Agency has reported that global illegal profits from forced labour have reached an “obscene” $236 billion annually, with sexual exploitation accounting for three-fourths of this profit.
This business deprives migrants of money they can send home, takes jobs away from legal workers, and allows the criminals behind it to evade taxes.
According to the International Labour Organisation, the total for 2021—the most recent year included in the exhaustive global investigation—showed a 37% rise, or $64 billion, over its last estimate, which was released ten years prior.
ILO said this is a result of both more individuals being taken advantage of and more money being made from each victim.
$236 billion. The report’s opening paragraph stated, “This is the outrageous amount of yearly profit made from forced labour in the world today.”
This amount includes money taken from migrant remittances, lost tax revenue for governments, and wages that are “effectively stolen from the pockets of workers” by those who force them to work.
The ILO further revealed that forced labour can promote corruption, bolster criminal organisations, and encourage more exploitation. Gilbert Houngbo, its director-general, wants worldwide assistance in the fight against the racket.
“People in forced labour are subject to multiple forms of coercion, with the deliberate and systematic withholding of wages being amongst the most common,” he said. “Forced labour perpetuates cycles of poverty and exploitation and strikes at the heart of human dignity.”
“We now know that the situation has only got worse,” Houngbo added.
According to the organisation, forced labour is defined as work that is demanded of an employee against their choice and done so under threat of punishment. It can occur at any stage of the employment process, including hiring, housing arrangements related to the job, and coercing someone into staying in a position when they would prefer to quit.
There were an estimated 27.6 million forced labourers on any given day in 2021, a 10% increase from the previous five years. Of them, the Asia-Pacific area accounted for over half, with the Americas, Africa, and Europe/Central Asia making up the remaining 13–14% apiece.