There are an estimated
30-40 million people in slavery.
Many children are bought in the slums or are born into debt-bondage, never succeeding in paying-off their family’s loan.
In these situations, small children are forced into labor and many girls are raped or sold to brothels. With lack of care many die of malnutrition and disease and are often beaten and abused daily.
- An estimated 30-40 million people are in slavery worldwide.
- Average price for a human life in slave-trade: $90
- 70% of female victims are forced into sex slavery.
- Up to $67,200 is generated revenue per victim each year.
- Over 1,000,000 children are exploited in global sex-trade.
- 60% of all slaves are in debt-bondage in southern Asia.
*Sources: walkfreefoundation.org, U.S. Dept. of State, CNN Freedom Project, U.S. Dept. of Justice, ILO, Siddhorth Kara “Sex Trafficking: inside the business of modern slavery”, Shilpi Gupta “The Bondage of Debt”
Debt-bondage is a form of “modern-day slavery.”
How does debt-bondage become slavery?
Many times a “good” job is promised to someone, or a small loan is taken by an individual. The slave-owner takes advantage of the laborer’s lack of basic math skills and illiteracy, charging very high interest rates, paying low wages, charging for using equipment, and enforcing bogus fines. As a result the laborers are now working off higher and increasing debt; creating the endless cycle of slavery through debt-bondage, continuing through generations of children being born into labor. It is modern-day slavery.
Debt-Bondage as defined by the U.N.: “Debt bondage, that is to say, the status or condition arising from a pledge by a debtor of his personal services or of those of a person under his control as security for a debt, if the value of those services as reasonably assessed is not applied towards the liquidation of the debt or the length and nature of those services are not respectively limited and defined.” (-United Nations Supplementary Convention on the Abolition of Slavery, the Slave Trade, and Institutions and Practices Similar to Slavery, 1956)