Reducing labor market will be triggered by industrial robotization in developed and emerging economies. 2 million new jobs will emerge there, yet at the same time, the technological changes will entail a reduction of about 7 million jobs, two thirds of which will be made by administrative and office positions. Most of all, the report notes, the upcoming changes will hit on women as they are much less represented in science and technology, engineering and math specialties.
Overall in five years, the world economy will need to create more than 300 million new jobs to deal with the current unemployment and to compensate for population growth. According to the International Labour Organization (ILO), already 200 million people are currently unemployed. In total, the top 15 GDP countries account for approximately 1.9 billion jobs - 65% of the world total. At the same time, there are some risks for the development of social protection systems on new jobs, according to the ILO. Just now, a standard wage employment accounts for only about half of all workers in the world and only 20% of workers in regions such as the countries in sub-Saharan Africa and South Asia.
There is a new trend - spread of the part-time work phenomenon, which already covers about 50% of all employees on a regular basis, with most of these employees are women. In many countries, the legal system does not adequately reflect the degree of change in the nature of employment, and the majority of workers are still outside the scope of employment protection legislation. In some regions, especially in Europe, the degree of protection of workers in standard and non-standard conditions began to decline equally. According to the organization, 73% out of 7.3 billion people living on Earth now do not have a full-fledged social security system now.
source: bangkokpost.com
Overall in five years, the world economy will need to create more than 300 million new jobs to deal with the current unemployment and to compensate for population growth. According to the International Labour Organization (ILO), already 200 million people are currently unemployed. In total, the top 15 GDP countries account for approximately 1.9 billion jobs - 65% of the world total. At the same time, there are some risks for the development of social protection systems on new jobs, according to the ILO. Just now, a standard wage employment accounts for only about half of all workers in the world and only 20% of workers in regions such as the countries in sub-Saharan Africa and South Asia.
There is a new trend - spread of the part-time work phenomenon, which already covers about 50% of all employees on a regular basis, with most of these employees are women. In many countries, the legal system does not adequately reflect the degree of change in the nature of employment, and the majority of workers are still outside the scope of employment protection legislation. In some regions, especially in Europe, the degree of protection of workers in standard and non-standard conditions began to decline equally. According to the organization, 73% out of 7.3 billion people living on Earth now do not have a full-fledged social security system now.
source: bangkokpost.com