Main menu:

History of RPE Thought

Posts by Tag

RSS New from the CCPA

  • A critical look at BC’s new tax breaks and subsidies for LNG May 7, 2019
    The BC government has offered much more to the LNG industry than the previous government. Read the report by senior economist Marc Lee.  
    Canadian Centre for Policy Alternatives
  • The 2019 living wage for Metro Vancouver April 30, 2019
    The 2019 living wage for Metro Vancouver is $19.50/hour. This is the amount needed for a family of four with each of two parents working full-time at this hourly rate to pay for necessities, support the healthy development of their children, escape severe financial stress and participate in the social, civic and cultural lives of […]
    Canadian Centre for Policy Alternatives
  • Time to regulate gas prices in BC and stop industry gouging April 29, 2019
    Drivers in Metro Vancouver are reeling from record high gas prices, and many commentators are blaming taxes. But it’s not taxes causing pain at the pump — it’s industry gouging. Our latest research shows that gas prices have gone up by 55 cents per litre since 2016 — and the vast majority of that increase […]
    Canadian Centre for Policy Alternatives
  • CCPA welcomes Randy Robinson as new Ontario Director March 27, 2019
    The Canadian Centre for Policy Alternatives is pleased to announce the appointment of Randy Robinson as the new Director of our Ontario Office.  Randy’s areas of expertise include public sector finance, the gendered rise of precarious work, neoliberalism, and labour rights. He has extensive experience in communications and research, and has been engaged in Ontario’s […]
    Canadian Centre for Policy Alternatives
  • 2019 Federal Budget Analysis February 27, 2019
    Watch this space for response and analysis of the federal budget from CCPA staff and our Alternative Federal Budget partners. More information will be added as it is available. Commentary and Analysis  Aim high, spend low: Federal budget 2019 by David MacDonald (CCPA) Budget 2019 fiddles while climate crisis looms by Hadrian Mertins-Kirkwood (CCPA) Budget hints at priorities for upcoming […]
    Canadian Centre for Policy Alternatives
Progressive Bloggers


Recent Blog Posts

Posts by Author

Recent Blog Comments

The Progressive Economics Forum

Global Employment Trends

The International Labour Organization has released its annual Global Employment Trends report.

The International Trade Union Confederation’s response follows:

ILO Report Shows Job Market Still in Crisis

Brussels, 25 January 2011: Today’s Global Employment Trends report from the International Labour Organization (ILO) confirms that, despite improvements in many economic indicators, global unemployment remains at crisis levels.

“The job market is by far the most important part of the economy and the ILO’s report underlines the severity of world unemployment,” said ITUC General Secretary Sharan Burrow. “The fact that more than 205 million workers remain unemployed is of major concern, and tackling this crisis must be the primary focus of economic policy.”

The global unemployment rate barely edged down from 6.3% in 2009 to 6.2% in 2010. Today’s report projects 6.1% in 2011, which is still significantly above the pre-crisis rate of 5.6%. The youth unemployment rate is more than twice as high, with employment not keeping up to population growth. The report indicates that the worldwide ratio of employment to population fell between 2009 and 2010.

The ITUC applauds the ILO’s conclusion that “it is crucial to maintain or enhance measures that can help boost employment generation and jump-start a sustainable jobs recovery. Improved labour market outcomes would support a broader macroeconomic recovery and could help offset the adverse effects of fiscal consolidation.”

However, the ITUC takes issue with the report’s assertion that, in developed countries, “Policies are needed to boost labour productivity in order to reduce unit labour costs and enhance competitiveness.”

The labour movement strongly supports boosting productivity, but believes that wages should rise along with it. Unions reject the goal of reducing unit labour costs because it means that wages fail to keep pace with productivity.

“Higher wages and more consumer demand should be the basis for sustainable growth,” said Burrow. “The way to address global trade imbalances is through a larger expansion of purchasing power in developing countries, not for developed countries to enter a competitive race to the bottom.”

Enjoy and share:


Comment from Travis Fast
Time: January 25, 2011, 6:35 am

“The way to address global trade imbalances is through a larger expansion of purchasing power in developing countries, not for developed countries to enter a competitive race to the bottom.”

That horse already bolted no?

Comment from Erin Weir
Time: January 25, 2011, 6:41 am

Yes, but new races keep being run.

Comment from Travis Fast
Time: January 25, 2011, 10:23 am

That would appear to be correct as the full court press on CIT cuts is in full-swing.

Comment from Paul Tulloch
Time: January 25, 2011, 1:06 pm

Hurray up Travis and get that damn book finished would you! The solution, seemingly as Krugman has been going on about, is the demand problem. But as Travis states, it is at the global level that we have a demand problem. Poverty embraces the world, there is not shortage of demand- personally I just do not see how the economists of the world do not see this elephant sitting in the room.

It makes me sick to my stomach, somehow thinking that we have all these production problems and competitiveness issues, damn just address poverty both inside and outside developing countries and one will have a solution. A careful approach that is sustainable and we will have solutions to this global mess- what is so difficult??????????

Finish that book Travis.

Comment from Travis Fast
Time: January 25, 2011, 1:33 pm

OK by the end of May I promise. Then two years to publication. That should have the austerians on the ropes in a developed world full of stagnation. The UK just went-0.5%.

Comment from andrew jackson
Time: January 25, 2011, 6:14 pm

Hey a book sounds useful Travis. Send around the proofs!

Write a comment

Related articles