If you are looking for a good reading list before the summer ends, we’ve compiled a selection of five recent papers and publications that touch on jobs and changing landscape of labor markets. These recommended readings have one thing in common: they analyze the challenges ahead through different lenses. How is the labor market recovering after the economic crisis? Can life-long learning become workers’ strategy for upskilling in a digital economy? Have countries improved in reducing gender gap at work? What policies can support job creation?
Tomorrow is International Youth Day!
This year, we have reasons to celebrate. Globally, more and more young people are receiving an education and women are making some progress in key indicators like life expectancy and economic engagement outside the home. But there persist urgent reasons to double down on efforts to engage the global youth population in productive work:
1 in 4 young people in the world cannot find jobs paying more than $1.25 per day, the international threshold of extreme poverty.
Youth are at the heart of migration. Between 2010 and 2015, the estimated net inflow of young people of working age population was 14.8 million.
What can labor ministers in the developing world learn from the heated debate on minimum wages that Seattle’s dramatic reforms reignited? The answer may be confusion. After more than 6,000 scientific articles, the discussion on the costs and benefits of raising minimum wages is still one of those unresolved million-dollar questions: Many economists claim that it is a very effective way to guarantee decent jobs for workers and to reduce inequality, but other economists and policymakers seem convinced that it would do just the opposite. The recent experiment in Seattle, unfortunately, adds little clarity.
As we discussed in our previous post, Global Value Chains can lead to the creation of more, inclusive and better jobs. . However, there is a potential trade-off between increasing competitiveness and job creation, and the exact nature of positive labor market outcomes depends on several parameters. Given the cross-border (and, therefore, multiple jurisdictive) nature of GVCs, national policy choices to strengthen positive labor outcomes are limited. However, national .
Promoting female labor force participation and the quality of women’s employment was one of the main topics of the latest G20 Ministers of Labor meeting, as we explained in this blog. The solutions to reducing labor gender gaps across the world lie in many corners, but a well-functioning care economy is especially crucial. Nowadays, : Married women spend 14 to 42 percent of their non-leisure time on childcare, compared with 1 to 20 percent for married men. And changing demographics, aging societies, and declining fertility rates also make the burden of elderly care a growing challenge.
As we explained in previous posts, digital technologies present both threats and opportunities for the employment agenda in developing countries. Yet many countries lack the means to take full advantage of these opportunities, because of limited access to technology, a lack of skills, and the absence of a broad enabling environment, the so-called “analog” complements.
During a meeting with top government officials in Zambia recently, the World Bank Regional Vice-president for Africa, Makhtar Diop, asked what was at the top of their minds. "Jobs!", was their unanimous response. He turned around to his team and said: "Please continue to focus on jobs and support the government in achieving their ambition." Indeed, jobs is an issue we have been focusing on in Zambia for over a year.
Most of the discussion about the future of work focuses on how many jobs robots will take from humans. But this is just a (small) part of the change to come. As we explained in our previous blog, The changes that digital technology is introducing in the price of capital versus labor, the costs of transacting, the economies of scale, and the speed of innovation bring significant effects in three dimensions: the quantity, the quality, and the distribution of jobs. Let’s see them in detail.
The Future of Work was not only the first topic of this year’s G20 Labor and Employment Ministerial Meeting, it's also white hot in today’s blogosphere. Yet most pieces portray a developed world perspective with an emphasis on robots, and how they are taking the jobs away, and skills development as the key policy response. But How does it affect the world of work in developing countries?