Worldwide Jobs Crisis 2014-2030

In a report prepared for the G20 Labor and Employment Ministerial Meeting Melbourne, Australia, 10-11 September 2014, the World Bank warns the world faces a jobs crisis. 600 million jobs will need to be created worldwide by 2030 to cope with the expanding population. The report makes it clear that not only will there be a shortage of quality jobs, the income inequality will continue to widen within many G20 countries. Worse, the Bank has no “magic bullet” to solve the crisis, either in emerging or advanced economies.

If implemented worldwide, this option might fill the void.

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