The Jobs Crisis Goes Global

by VanessaVaile

precarious academic labor is part of and inseparable from this global crisis

Jack Rasmus

The following is an excerpt from a longer article published in teleSUR English. (see the author’s website, for the longer version)

“Three global capitalist research institutes recently released reports documenting a growing ‘global jobs crisis’. The World Bank, the OECD, and the International Labor Organization (ILO) all came to the same conclusion. The Group of 20 nations’ employment ministers thereafter meeting in Australia issued a joint statement on the three institutes’ conclusion that “the world’s largest economies are failing to create enough jobs and too many of those that are being produced are of a low quality to generate a meaningful boost to global growth” (The Financial Times, September 10, 2014). As the World Bank’s senior director for jobs put it, “there is little doubt there is a global jobs crisis”.

All three reports identify converging trends across all the advanced economies (AEs) of Europe, North America, and Japan…

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