Globalisation failing to create new, better jobs: ILO report
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09/12/2005
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Hindu (New Delhi)
Global economic growth is increasingly failing to translate into new and better jobs that would lead to reduction in poverty, according to a report issued by the International Labour Office (ILO) on Friday. The ILO points out that within this global trend, different regions show mixed results in terms of job creation, productivity results, wage improvements and poverty reduction. The fourth edition of Key Indicators of the Labour Market (KILM) says that at present, half the world's workers do not earn enough to lift themselves and their families above the $2 a day poverty line.