The International Labour Organization, who aims to promote jobs while protecting people’s rights exclaims:
After three years of continuous crisis conditions in global labor markets and against the prospect of a further deterioration of economic activity, there is a backlog of global unemployment of 200 million – an increase of 27 million since the start of the crisis. In addition, more than 400 million new jobs will be needed over the next decade to avoid a further increase in unemployment. Hence, to generate sustainable growth while maintaining social cohesion, the world must rise to the urgent challenge of creating 600 million productive jobs over the next decade, which would still leave 900 million workers living with their families
below the US$2 a day poverty line, largely in developing countries (Executive Summary - Global Employment Trends 2012).
With the world economy decelerating, the quality of living standards have also slowing down: “output per worker in the developed Economies and European Union was US$72,900 in 2011 versus an average of US$13,600 in developing regions. That means that.. the average worker in a developing country produces less than one fifth of the output of the average...