Multiple Transitions in Parallel Are Reshaping Labor Markets
30, AprilTechnological progress, green regulation, demographic aging, and geoeconomic developments are redefining labor supply and demand in a context of talent scarcity. The ...
G20 Labour and Employment Ministers have agreed on action to advance decent work, enhance employability, and ...
G20 Labour and Employment Ministers have agreed on action to advance decent work, enhance employability, and generate adequate job opportunities.
The Chinese Minister of Human Resources and Social Security, Yin Weimin, concluded the two-day meeting in Beijing with the adoption of a Declaration on Innovation and Inclusive Growth: Decent Work, Enhanced Employability and Adequate Job Opportunities. The Declaration pointed out that “productive employment and decent work are the foundation of the livelihoods of people across the world”. Action to create more quality jobs was seen as “an indispensable factor for strong, sustainable and balanced growth”.
The Ministerial Declaration, which will go forward to the G20 Summit in Hangzhou on 4-5 September, was welcomed by Guy Ryder, Director-General of the International Labour Organization (ILO): “Ministers have provided a strong bridge of practical policies that link the demand and supply sides of the labour market and of the economy as a whole”.
Recognizing widening inequality, ministers proposed a range of measures including minimum wage mechanisms and collective bargaining, to address this issue.
Responding to the current overall weakness in employment and looking ahead to longer term structural changes, Ministers identified a range of policy recommendations on creating more and better jobs, enhancing employability and adaptability, and on wages, social protection and working conditions. The Ministers “committed to sustainable wage growth, including through promoting social dialogue and partnership, minimum wages and collective bargaining adapted to national conditions, to better align wage growth to productivity growth and reduce wage gaps”.
The Ministerial Declaration also launched a G20 Entrepreneurship Action Plan. Several annexes provided detailed recommendations on enhancing employability with a focus on skill development and apprenticeships, sustainable wage policies and equitable and sustainable social protection systems.
Looking ahead, the Ministers identified the importance of examining the future of work, including the impact of innovation and globalization, addressing opportunities and challenges of labour migration and reviewing progress in achieving the employment-related goals in the UN 2030 Agenda for Sustainable Development .
Germany will host the G20 in 2017 and plans to focus on the future of work, gender gaps in employment, global supply chains, as well as labour migration and the refugee crisis.
Source: ILO