Summary
The World of Work Report 2013 provides a comprehensive analysis of the current state of labour markets and social conditions around the world. It also projects employment trends and assesses the risk of social unrest.
The report points to an uneven employment picture, with emerging and developing economies performing better than the majority of advanced economies. Income inequalities continue to widen in advanced economies and although they have stabilised somewhat in large emerging and developing countries, they remain acute and progress in this area is still fragile.
The report analyses these trends and discusses the conditions necessary for putting job creation at the heart of policy making. It addresses the following questions:
- What are the challenges associated with an uneven job recovery from the global financial crisis? How have income inequalities evolved and what impact has this had on the middle class?
- Can minimum wages promote social justice and stimulate aggregate demand without dampening employment in developing countries? What is the scope in these countries for counteracting a double dip in growth and employment in advanced economies?
- How can productive investment be stimulated in order to create more and better jobs? And what are the financial reforms and corporate governance changes that would help to reinvigorate private sector investment?
- What are the trends in executive pay, and how do these compare with the evolution of the average worker’s earnings?
- How to achieve a shift to job-friendly policies and what is the role of the ILO in this endeavour?
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