You are viewing an obsolete version of the DU website which is no longer supported by the Administrators. Visit The New DU.
Democratic Underground Latest Greatest Lobby Journals Search Options Help Login
Google

Reply #96: Millions of people to become expendable next year [View All]

Printer-friendly format Printer-friendly format
Printer-friendly format Email this thread to a friend
Printer-friendly format Bookmark this thread
Home » Discuss » Latest Breaking News Donate to DU
Demeter Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Dec-01-11 01:47 PM
Response to Reply #95
96. Millions of people to become expendable next year
http://english.pravda.ru/business/finance/29-09-2011/11... /

The experts of the International Labor Organization and the Organization for Economic Cooperation and Development predict that next year a number of developed and developing countries will face mass unemployment and "catastrophic shortage" of jobs. In the alarmist report, the experts urge the countries to take drastic measures to combat unemployment.


Since the beginning of the global financial crisis in 2008, developing and developed countries lost 20 million jobs. By the end of next year additional 20 million jobs could be lost. According to some experts, the number of unemployed worldwide has reached 200 million.
 The current pace of employment growth in the leading countries is inadequate. In the Group of Twenty the increase is approximately 1% per year, while there is need for it to be at least 1.3% in the next four years.

"We must act immediately and stimulate the process of job growth to offset the losses. Stabilization of the employment level should be a priority in macroeconomic policy", wrote the authors of the report.
 However, the report questioned the fact that these figures are achievable, indicating that the increase in the number of jobs in India and China is directly related to the loss of those in Western countries.

The situation in Europe is 
particularly difficult. While Germany is relatively successful in coping with unemployment, the second euro-zone economy, France, is in a difficult situation.
 There is a new concept of "superfluous people" as a result of chronic unemployment. Mostly, these are young people who are the first to lose jobs in downsizing...For example, in Italy, every other unemployed person cannot find a job for over a year, and in South Africa this number is two out of three. The authors point out that youth unemployment is rising in 15 countries out of 20.
According to the estimates of the International Labor Organization, in Russia the number of new jobs is approximately equal to the number of people who get jobs - approximately 600,000. However, the state apparatus and the sector of public services are growing, while the number employed in manufacturing continues to decline. There is still a relatively high level of long-term unemployment, which is nearly the same among the residents of villages and cities. Among the rural population the share of long-term unemployed is 32.8%, among urban - 32.3%...This increases the "underground" employment. According to the ILO, informal employment in Russia is 10% and is nearly one and a half times the rate of unemployment...
Printer Friendly | Permalink | Reply | Top
 

Home » Discuss » Latest Breaking News Donate to DU

Powered by DCForum+ Version 1.1 Copyright 1997-2002 DCScripts.com
Software has been extensively modified by the DU administrators


Important Notices: By participating on this discussion board, visitors agree to abide by the rules outlined on our Rules page. Messages posted on the Democratic Underground Discussion Forums are the opinions of the individuals who post them, and do not necessarily represent the opinions of Democratic Underground, LLC.

Home  |  Discussion Forums  |  Journals |  Store  |  Donate

About DU  |  Contact Us  |  Privacy Policy

Got a message for Democratic Underground? Click here to send us a message.

© 2001 - 2011 Democratic Underground, LLC