Without immediate action, the global economy risks yet another fragile and unequal recovery fuelled by austerity policies and marked by precarious work, high unemployment, and economic uncertainty. Hundreds of millions of workers, formal and informal, have lost jobs, working time, and income. While financial markets rally thanks to newly created money and benefit from deregulation that favours speculation over the real economy, workers have benefitted from only a small proportion of the rescue packages in countries that could afford them.