Globalization failing to create new, quality jobs or reduce poverty - ILO report sees wide gaps in wages, productivity gains

Global economic growth is increasingly failing to translate into new and better
jobs that lead to a reduction in poverty, according to a new report issued by
the International Labour Office (ILO). In the report, the ILO points out that
within this global trend, different regions show mixed results in terms of job
creation, productivity results, wage improvements and poverty reduction.

"The key message is that up to now better jobs and income for the world's
workers has not been a priority in policy-making", said ILO Director-General
Juan Somavia. "Globalization has so far not led to the creation of sufficient
and sustainable decent work opportunities around the world. That has to change,
and as many leaders have already said we must make decent work a central
objective of all economic and social policies. This report can be a useful tool
for promoting that objective."

The report emphasizes that in many developing economies the problem is mainly a
lack of decent and productive work opportunities rather than outright
unemployment. Women and men are working long and hard for very little because
their only alternative is to have no income at all.

The new report paints an in-depth picture of both the quantity and quality of
jobs around the world by examining 20 key indicators of the labour market. It
covers quantitative topics such as labour force participation, employment,
inactivity, employment elasticities, sectoral employment, labour productivity
and unemployment, and qualitative issues such as hours worked, wages,
employment status, unemployment duration and others.

More information

AplusA-online.de - Source: International Labour Office (ILO)