Globalization fails to create new, quality jobs
Global economic growth is failing to translate
into new and better jobs that lead to a reduction in poverty, said a report
issued by the International Labor Organization (ILO) on Friday.
Global economic growth is failing to translate into new and better jobs that lead to a reduction in poverty, said a report issued by the International Labor Organization (ILO) on Friday.
Around half of the world's working men and women continue to live on less than 2 dollars a day, said the fourth edition of Key Indicators of the Labor Market. It is a statistic which has remained the same for the past decade.
"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 in a statement.
"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," he added.
Profit is not just the central priority of Western business. It’s the only priority.
Posted: Fri - December 9, 2005 at 11:25 AM