quality:correction, structural:reformatting, linguistic:translation
Current issues

The contemporary world economy has brought many changes, overturning some previously widespread labor issues. At the same time, some longstanding issues remain relevant, and other new ones have emerged. One issue that continues despite many improvements is slave labor and human trafficking. Though ideas about universal rights and the economic benefits of free labor have significantly diminished the prevalence of outright slavery, it continues in lawless areas, or in attenuated forms on the margins of many economies.

Another difficulty, which has emerged in most societies as a result of urbanization and industrialization, is unemployment. While the shift from a subsistence economy usually increases the overall productivity of society and lifts many out of poverty, it removes a baseline of material security from those who cannot find employment or other support. Governments have tried a range of strategies to mitigate the problem, such as improving the efficiency of job matching, conditionally providing welfare benefits or unemployment insurance, or even directly overriding the labor market through work-relief programs or a job guarantee. Since a job forms a major part of many workers' self-identity, unemployment can have severe psychological and social consequences beyond the financial insecurity it causes.

One more issue, which may not directly interfere with the functioning of an economy but can have significant indirect effects, is when governments fail to account for work occurring out-of-view from the public sphere. This may be important, uncompensated work occurring everyday in private life; or it may be criminal activity that involves clear but furtive economic exchanges. By ignoring or failing to understand these activities, economic policies can have counter-intuitive effects and cause strains on the community and society.