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We must be careful to ensure that G20 growth strategies not only boost growth and jobs, but also address inequalities. This requires win-win policies that combine strong economic growth with improvements in all those aspects of life that matter for people’s wellbeing – good health, jobs and skills, and a clean environment, security, civic engagement, work-life balance, etc...
OECD unemployment rate edges down to 7.2% in September 2014
BIAC has been advising the OECD for over 50 years on policies that should lead to private sector-led growth, and has been actively involved in the B8 and B20 process since its inception.
As G20 leaders look distraught at a global economy that is faced with weak growth, high unemployment and rising income inequality, they should repeat to themselves that this is not inevitable.
Getting more women into work is a priority goal of G20 policy, but gender inequality is a barrier. To overcome this, the OECD, ILO and others have identified ways forward.
Time progresses inexorably. Six years have already elapsed since the onset of the global financial crisis, and employment in many countries is still far below its pre-2008 levels. Even for people who still have jobs, working conditions have deteriorated. Until recently, we were decrying a jobless recovery, but now the data suggest that growth itself may be fading in several countries.
The G20 needs to go structural, social, and green! With fiscal and monetary policy room nearly exhausted, structural reforms are the best choices, sometimes the only choice. The OECD battle cry in this regard has been unchanged since 2008: “go structural!”.
Joint Seminar on "Minimum Wages – Impacts and Institutional Processes"
The seminar will contribute to the development of a tool that will allow schools to map the perceptions of learners, teachers, parents, and partner organisations as they relate to the entrepreneurial education opportunities (courses, extra-curricular work), resources and support available to teachers.
Switzerland should do more to help older people, especially women, work longer in order to meet the challenge of a rapidly ageing population, according to a new OECD report.