Black People Politics : World Bank warns of global jobs crisis

Clyde C Coger Jr

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World Bank warns of global jobs crisis




Job seekers crowd booths at a job fair in Beijing, China, on February 7, 2009 (AFP Photo/Liu Jin)


The world is facing a global jobs crisis that is hurting the chances of reigniting economic growth and there is no magic bullet to solve the problem, the World Bank warned on Tuesday.

In a study released at a G20 Labour and Employment Ministerial Meeting in Australia, the Bank said an extra 600 million jobs needed to be created worldwide by 2030 just to cope with the expanding population.

"There's little doubt there is a global jobs crisis," said the World Bank's senior director for jobs, Nigel Twose.

"As this report makes clear, there is a shortage of jobs -- and quality jobs.

"And equally disturbingly, we're also seeing wage and income inequality widening within many G20 countries, although progress has been made in a few emerging economies, like Brazil and South Africa."


A woman seeking employment fills out an application at a job fair in Detroit, Michigan, on April 23, 2014 (AFP Photo/Joshua Lott)



In this file photo, local farmers are seen working the fields near St. Lucia in South Africa, on March 1, 2006 (AFP Photo/Alexander Joe)



http://news.yahoo.com/world-bank-warns-global-jobs-crisis-050827124.html


 

WhatNeedsToBeDone

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Sep 11, 2013
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This is no surprise.

Poor people in most societies are much more likely to have a lot of kids than middle class families. Especially in America.

Their society can not support them so it makes the problem even worse and worse.

Very very poor judgement and a major global social ill......HUMAN ILL.

I seriously wish I had an answer for why this is the case. I could never get a straight answer.

On a personal level, the only way we can combat this for ourselves is to invest in our own skills and education

Good post.
 

Enki

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In the Spirit of Politics,




World Bank warns of global jobs crisis




Job seekers crowd booths at a job fair in Beijing, China, on February 7, 2009 (AFP Photo/Liu Jin)


The world is facing a global jobs crisis that is hurting the chances of reigniting economic growth and there is no magic bullet to solve the problem, the World Bank warned on Tuesday.

In a study released at a G20 Labour and Employment Ministerial Meeting in Australia, the Bank said an extra 600 million jobs needed to be created worldwide by 2030 just to cope with the expanding population.

"There's little doubt there is a global jobs crisis," said the World Bank's senior director for jobs, Nigel Twose.

"As this report makes clear, there is a shortage of jobs -- and quality jobs.

"And equally disturbingly, we're also seeing wage and income inequality widening within many G20 countries, although progress has been made in a few emerging economies, like Brazil and South Africa."


A woman seeking employment fills out an application at a job fair in Detroit, Michigan, on April 23, 2014 (AFP Photo/Joshua Lott)



In this file photo, local farmers are seen working the fields near St. Lucia in South Africa, on March 1, 2006 (AFP Photo/Alexander Joe)



http://news.yahoo.com/world-bank-warns-global-jobs-crisis-050827124.html

Ironic your first pic is of China. But I think the WB has some blame to share because they were suspicious of China last year.

Financial instability in China, stemming from its vast shadow banking sector, is a lurking threat for the world's second largest economy, according to Hans Timmer, director of the Development Prospects Group at the World Bank.

"[China has] a shadow banking sector where nobody knows who is on the hook for all kinds of loans; [it] has 160 percent of GDP [gross domestic product] of private sector debt, and there are a lot of vulnerabilities there," Timmer told CNBC on Tuesday.
http://www.cnbc.com/id/100822869

IMO, this is what greed does.

Something has to give Brutha Clyde...

Peace!

Peace!
 

Clyde C Coger Jr

going above and beyond
PREMIUM MEMBER
Nov 17, 2006
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...

Thanks.



Good post.

This is no surprise.

Poor people in most societies are much more likely to have a lot of kids than middle class families. Especially in America.

Their society can not support them so it makes the problem even worse and worse.

Very very poor judgement and a major global social ill......HUMAN ILL.

I seriously wish I had an answer for why this is the case. I could never get a straight answer.

On a personal level, the only way we can combat this for ourselves is to invest in our own skills and education
 

Clyde C Coger Jr

going above and beyond
PREMIUM MEMBER
Nov 17, 2006
56,152
11,786
Occupation
Speaker/Teacher/Author
...

Correct bro. Enki, the Illuminati is what has to give.



Something has to give Brutha Clyde...

Ironic your first pic is of China. But I think the WB has some blame to share because they were suspicious of China last year.



http://www.cnbc.com/id/100822869

IMO, this is what greed does.

Something has to give Brutha Clyde...

Peace!

Peace!
 
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