All our established certainties about the economy and how best to regulate it have been shaken to the core by the Great Recession. It is forcing a radical rethink about our underlying economic models and how appropriate they are in the current context, said the OECD Secretary-General.
OECD and ILO heads call upon the Ministers of Labour and Employment of the G20 countries to put a greater, renewed emphasis on employment policies to help economies accelerate and sustain the recovery, achieve higher levels of decent work and get out of the debt trap, at the G20 Meeting in Mexico.
Nosotros, los Representantes de la OIT y de la OCDE, invitamos a los Ministros de Trabajo y Empleo de los países del G20 a otorgar una mayor y renovada prioridad a las políticas de empleo que ayudarán a las economías a acelerar y sostener la recuperación, alcanzar niveles más altos de trabajo decente y salir de la trampa de la deuda.
Young people and their job prospects must be right at the centre of the policy agendas of our member and partner countries. Investing in youths is vital, we can neither accept nor afford a lost generation, said OECD Secretary-General.
The economic outlook has weakened significantly over the past six months, which is not good news for employment or the prospects of those looking for work. Policy action targeted on youth and the long-term unemployed can, and must, be taken.
The jobs crisis has three particularly worrying aspects. First, the risk of unemployment becoming entrenched is more and more real in a number of G20 countries. Second, the crisis impacts disproportionately on youth. Finally, growing inequality threatens to affect social cohesion and the living standards of vulnerable families and individuals. To deal with these threats, job creation must be restarted quickly, accompanied by stronger
Urgent action must be taken by the governments to tackle high unemployment and growing inequality. Good-quality social policies, particularly those addressed to the most vulnerable, should be seen as sound investments to promote economic growth and well-being, according to Angel Gurría.
Tackling the employment challenge and the rise in inequality, the most urgent issues for policy-makers, could be achieved within the current public budgets by using more in-work benefits, or improving equal access and quality of education and training said Angel Gurría.
Policies that promote job creation, better job opportunities and well-functioning social safety nets are crucial for helping the many who are still struggling to find jobs. These policies are not just spending items in a strained public budget. They are a vital social investment for the future, to help move our economies onto a path of sustainable economic growth and well-being.
The challenges of tackling high and persistent unemployment, especially for the young people, improving job opportunities and ensuring adequate social safety nets should be at the top of the political agenda, said OECD Secretary-General Angel Gurría.