The International Labor Organization has stated that there is still no solution to the Global Jobs Crisis. http://www.cnbc.com//id/47226507
I have held this view for a long time. I do not see how the world can create enough jobs, when those with jobs are working long hours and the available work has been reduced through mechanization and other labor saving devices.
The only solution is to reduce the number of hours of work, so that the available work can be distributed fairly among those who are willing and able to work. Some economists have suggested a 20 hour work week.
It is not possible a country to be competitive, if its people work shorter hours than workers in other countries. We need to have an international agreement to reduce the working hours, or to implement some form of protectionism of certain domestic jobs. There is no other solution.
I have held this view for a long time. I do not see how the world can create enough jobs, when those with jobs are working long hours and the available work has been reduced through mechanization and other labor saving devices.
The only solution is to reduce the number of hours of work, so that the available work can be distributed fairly among those who are willing and able to work. Some economists have suggested a 20 hour work week.
It is not possible a country to be competitive, if its people work shorter hours than workers in other countries. We need to have an international agreement to reduce the working hours, or to implement some form of protectionism of certain domestic jobs. There is no other solution.
:.
0 comments:
Post a Comment