In order to avoid social unrest and absorb the world's young people entering the global workforce, the World Bank Development Report [4] states that 600 million jobs must be created from 2005 to 2020. As Bloomberg BusinessWeek reports [5], jobs should be at the top of governments' agendas or they could face further uprisings such as toppled leaders in Egypt and Tunisia. "Demographic shifts, technological progress, and the lasting effects of the international financial crisis are reshaping the employment landscape in countries around the world," World Bank President Jim Yong Kim said in a foreword to the report. "Countries that successfully adapt to these changes and meet their jobs challenges can achieve dramatic gains in living standards, productivity growth, and more cohesive societies." However, those countries that don't adapt, face the kind of social unrest we have warned of again and again - and are starting to see in more and more civilized Western nations. So - a mere 600 milion jobs and all is well - amazing!!!
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Their findings:- 90% of jobs are created in the private sector and so Governments must create an environment that encourages investment - especially in small- and medium-sized business.
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90 second clip summary on Private Sector Job Creation:
2 minute clip on Joblessness and Social Cohesion:
and the full document (pdf [9]):
WDR 2013 Report [10]