On the occasion of the 63rd Commission on the Status of Women the United Kingdom of Great Britain and Northern Ireland, UNICEF and the GAGE consortium coordinated by ODI invite you to attend: Gender- and Adolescent-Responsive Social Protection: Unleashing the Potential of Social Protection for Adolescent Girls and Women
Location: Conference Room 1 (CR1), United Nations Headquarters, New York, NY 10017
Time: 10:00 – 11:15 (EST) / 15:00-16:15 (GMT)
This event will be livestreamed and it is possible to watch the sessions through socialprotection.org. You can watch the livestream sessions here.
The fifty-seventh session of the Commission for Social Development (CSocD57) will take place from 11 to 21 February 2019, at the United Nations Headquarters in New York. The Commission is the advisory body responsible for the social development pillar of global development. The priority theme this year is “Addressing inequalities and challenges to social inclusion through fiscal, wage and social protection policies”.
Economic inequality in the US has ballooned since the early 1980s. Wage and salary growth at the top of the earnings distribution has significantly outpaced that at the bottom and middle, resulting in decades of unabated upward redistribution of income. The COVID-19 pandemic has exposed and exacerbated this divide. In addition to the immediate problems highlighted by the crisis, the growing chasm between the rich and everyone else has long-term implications for the nation’s social safety net, specifically for the continued solvency of the Social Security trust fund.
Millions more Americans filed for unemployment insurance last week as the coronavirus pandemic continued to spur layoffs. US jobless claims totalled 2.1 million for the week that ended on Saturday, the Labor Department said Thursday. That matched the median economist estimate. The figure raised the nine-week total to 40.7 million. That's more than the roughly 37 million people who filed unemployment-insurance claims during the year and a half of the Great Recession.
Thinking long term when you have short-term problems is hard to do. That’s the situation with the financial stability of Social Security. So much focus has been on efforts to stem the spread of the novel coronavirus, and on the economic fallout that has resulted in millions losing their jobs, that the most recent report on the financial health of the Social Security Trust Funds didn’t get much news coverage. While Social Security isn’t bankrupt, it’s certainly facing a serious shortfall in income to cover promised payments.