The G-20 talks about a “global jobs crisis” that will … – 20minutos.es

The G-20 talks about a "global jobs crisis" that will … – 20minutos.es

Meeting G20 in Sydney, Australia. (AP)

The problems of persistent unemployment and poor quality of work in the G -20 will remain until 2018 if growth is not encouraged, says a report Tuesday in the Australian city of Melbourne.

“The G20 countries need more and better jobs as the basis for sustained growth and welfare of their societies, “the pre-employment ministers meeting of the Group of Twenty (G-20) held between 10 and 11 in Melbourne document.

The G20 countries need more and better jobs as the basis for sustained growth The report warns of the need to improve productivity and wages , job opportunities and outcomes between those groups affected by the crisis, women and youth, says the report prepared by the International Labour Organization, the Organization for Economic Cooperation and Development and the World Bank.

“We need to create a 600 million additional jobs worldwide in the next twelve months to keep rates steady employment and coping with population growth,” said Nigel Twose , head of the World Bank delegation to the G20 meeting in Melbourne, said in a statement.

“There is little doubt that is a global crisis on employment ” remarked Twose.

The three financial organizations remember that there are over one hundred million people unemployed in the economies of the G-20 and the weak performance of the labor market threat to economic recovery by restricting consumption and investments.

need to create 600 million additional jobs worldwide in the next twelve months The report entitled G-20 labor markets : forecasts, key challenges and policy responses says wage growth has lagged behind the growth in productivity in many countries of the G-20 and also has widened the gap wage income.

also real wages have stagnated in many advanced economies of the G-20, while in emerging, high levels of underemployment and informality are holding back results and future productivity.

“Perhaps one of the most disturbing findings in this report is that more than half of the workforce in the emerging countries of the G20, which is a figure Shocking 837 million workers, are poor or were slightly above the poverty line last year, “said the head of the World Bank delegation.

analysis emphasizes the changing demographics and the need for coordinated within the G20 to create jobs and for social protection measures, social dialogue, labor rights and safety at work.