It is hard to overemphasize the role of productivity growth in reducing poverty and raising living standards. Sustained productivity increases have made possible the unprecedented rise in prosperity over the last two centuries. Recent evidence suggests that productivity growth has been on the decline around the world for the last decade, with a few exceptions. Understanding whether this is correct, and, if so, what explains it and what can be done, are now priorities for economists and policymakers.
Given worldwide concern over jobs, it makes sense that the 2013 World Development Report (WDR) is on jobs. According the ILO, though growth has resumed in some regions, the global employment situation is bleak and shows no sign of recovery in the near term.
The WDR, which is being launched this autumn, will posit that jobs are more than what people earn or what they do at work -- they are also part of who they are. With that in mind, the report will use a jobs lens to look at multiple outcomes associated with jobs – how they contribute to living standards, productivity and social cohesion.