24 Jan '12, 10pm

The world needs 600 million jobs in the next decade. They will not be created on the current economic model....

http://www.todayonline.com/World/EDC120125-0000054/World-needs-600-million-new-jobs-in-next-decade The world needs 600 million new jobs over the next decade. How can these jobs be created? Here are my views on this global challenge: Global competition results in income disparity Stagnant wage for most people destroy their spending power for products and services The reduced spending destroys economic growth and jobs While globalization has been destroying demand and jobs for over two decades, its impact was temporarily hidden by the real estate and stock market bubbles, which created non-productive jobs in the financial sector to replace the destroyed jobs, until the bursting of these bubbles. To create new jobs, the following steps have to be taken: Reduce the wage disparity by introducing minimum wage and high taxes for extremely high incomes Reduce the working hours, so...

Full article: http://tankinlian.blogspot.com/2012/01/world-needs-600-mi...

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