Generate more decent jobs; ILO

Fast growing wealth but slow growing jobs threat to international security and democracy, says the International Labour Organisation. Fast growing wealth but slow growing jobs threat to international security and democracy, says the International Labour Organisation. “This global jobs crisis is the most pressing political issue of our time”, ILO Director-General Juan Somavia told more than 3,000 government, worker and employer participants in the ILO’s 93rd International Labour Conference in Geneva.

The ILO pointed to the contrast between a healthy global growth rate of five percent in 2004, and a growth in employment of only 1.7 percent.

“In other words, world output increased by nearly US$ 4 trillion – yet global unemployment was reduced by only 500,000,” said Somavia.

Last year more than one billion people were unemployed or considered working poor, with almost half the world’s labour force living on less than US$ 2 per day.

The ILO says that up to nine out of 10 people, in some countries, are working in the “unorganized, unprotected, unstable” informal economy and that less than half the young people available f