Recent Employment
News
430
Million Jobs by 2015
Unemployment remains to be a major problem in many
developing nations despite the on-going progress both economically
and politically. The lack of jobs remains to be a potential
hindrance why nations fail to meet the demands of globalizing
world. According to the head of the International Labor Organization
of the United Nations, Juan Somavia, in order for these developing
countries to keep up with the demands of a growing labor market,
430 million new jobs must be rigged out in the next 10 years.
Another point that should be considered is the pressing demands
of globalization. Although we can say we are already living
in a globalized world, especially with the presence of supranational
bodies like the European Union, governments of countries still
cannot supply sufficient number of jobs for their citizens.
In addition, the ILO head puts into focus the need for policies
that would aid in creating more jobs to bolster a country's
economy. He pointed out further that a huge chunk, about 80
percent, of the global work force is found in developing countries.
The leading challenges that face countries to optimize job creation
are poverty, changing patterns of labor, labor standards, child
labor, among others.
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