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LATEST NEWS UPDATES | How govts can generate good, stable jobs -Arjun Srinivas

How govts can generate good, stable jobs -Arjun Srinivas

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published Published on Apr 18, 2019   modified Modified on Apr 18, 2019
-Livemint.com

* A new study highlights that collaboration between the state and companies is key to resolving the jobs crisis
* The study argues that the global shortfall in good jobs is a massive failure of the capitalist market economy

NEW DELHI:
The lack of good jobs is one of the most significant issues affecting societies globally. A combination of technological and economic forces, such as globalization, automation and the gradual decline of public sector jobs, is causing social unrest in developing and developed countries alike.

A new paper by Dani Rodrik of the Harvard Kennedy School of Public Policy and Charles Sabel from the Columbia Law School highlights the underlying causes of the global jobs crisis while offering policy solutions to generate better quality jobs.

The authors emphasize that new technological trends, such as automation, the knowledge economy and digital technologies, remain concentrated in a limited number of sectors and metropolitan centres. New technology is also generating fewer good jobs.

The authors define a good job as stable formal-sector employment that enables at least a middle-class lifestyle by a region’s standards.

Please click here to read more.

Livemint.com, 17 April, 2019, https://www.livemint.com/news/world/how-govts-can-generate-good-stable-jobs-1555440050018.html


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