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April 2016

Improving compliance with minimum wage standards

Uma Rani's picture
Minimum wage standards have the force of law. Yet, establishing a legally binding minimum wage does not in itself mean that these are applied in practice. In reality, compliance is always less than perfect in both advanced and developing countries. Understanding which factors determine compliance is important. Our analysis shows that compliance is affected by both the level at which minimum wages are set relative to average wages, as well as by institutional factors.

Against xenophobia and national barriers—in light of the refugee crisis in Europe

Olga Nottmeyer's picture
Whether—and how—to integrate asylum seekers features prominently on the political agenda in so many European countries. The situation in Syria, Afghanistan, Iraq and other countries facing conflict, civil war, and terrorism make it impossible to ignore the challenges associated with the mass migration of people from these areas. Ignoring the crisis is no solution; neither is xenophobic rhetoric or building more fences and tightening border controls. There is, however, a sensible approach that would certainly help with integrating refugees in the destination countries‘ labor markets.

Jobs and economic transformation for IDA countries

Thomas Farole's picture
Policymakers the world over are concerned about jobs. It is often the first thing they talk about when World Bank delegations meet them, and the last message they leave us with on our way back to Washington. So it should come as no surprise that jobs has been chosen as one of the central themes of the IDA-18 replenishment round.

Moving towards a universal basic income

Andy Stern's picture
In 2010, I seemed to be at the top of my game. But after nearly fifteen years at the helm of SEIU I had lost my ability to predict labor’s future. By 2010, the economy was changing and fragmenting at such warp speed that I couldn’t see where it — or labor — was headed. At the end of that year I embarked on what became a four-year journey to discover the future of jobs, work, and the American Dream. If there are significantly fewer jobs and less work available in the future, how will people make a living, spend their time, and find purpose in their lives? I believe there is a solution – the universal basic income or UBI.

Micro businesses go global

Brian Bieron's picture
In recent years, a quiet revolution has been brewing because of ecommerce platforms and the digital marketplace. Barriers to accessing larger and more robust markets are receding and small business owners and entrepreneurs from all around the world are beginning to reach consumers in new ways. This further bolsters the argument that the technology-enabled platform commerce model, which significantly reduces the cost of doing business, is a highly inclusive model of trade.


Human development is the key to restoring global growth

Ted Chu's picture

The global slowdown since the Global Financial Crisis has both cyclical and structural causes, both of which may take years to work out. But at the same time, history tells us that the seeds for spectacular growth are often sown during recessions and depressions. Our job as development agents is to identify these seeds and nurture them into full bloom.