GOOD DAY FELLOW COUNTRY MEN AM SICK AND TIRED OF THE WAY THE MOST ENERGETIC AND WOULD BE MOST PRODUCTIVE AGE IN MY BELOVED COUNTRY WASTES TIME IN LOOKING AROUND THE COUNTRY AND THE WORLD AT LARGE FOR A GOOD COMPANY TO WORK FOR YET WITH THE STRENGTH AND KNOWLEDGE WE CAN VERY EASILY FIND AN AVERAGE COMPANY AND USE OUR SKILLS TO MAKE IT GOOD . TODAY AM PLEASED TO INVITE EVERY YOUTH IN UGANDA TO LIKE KAMOL ENGINEERING SERVICES LTD AND ACKNOWLEDGE THE FACT THAT UN EMPLOYMENT SEEMS TO HAVE BECOME A WORLD WIDE PROBLEM WHICH NEEDS TO BE COMBATED WITH STRENGTH SHANING AWAY FROM THE USUAL SONG OF THE DAY < GOVEMENT ETUYAMBE> WE CAN VERY COMFORTABLY CHANGE THE RHYTHM AND CREATE OUR OWN JOBS THAT WOULD VERY EASILY MAKE US DERIVE AN INNER SATISFACTION TO WHATEVER LIFE STYLE WE LIVE OUR MOTTO FOR GOD AND MY COUNTRY WAS INSPIRED BY A SPERIOR BEING GOD HIM SELF SO HE CANT GIVE US RESPONSBILITY AND ABONDON US ON THE WAY through the data in the report, it is clear the reality, in the G20 countries at any rate, is very different, especially since the financial crisis in 2008. Real wages have stagnated across many advanced countries and even fallen in some. Wage growth has significantly lagged behind labour productivity growth in most countries. The decline in labour’s share of income observed in most countries over recent decades has continued in some while in others the labour share has stagnated. Wage and income inequality has continued to widen within many countries, although progress has been made in a few emerging economies. On another positive note, working poverty has declined in many emerging G20 countries, notably China, although informal employment remains a major obstacle to improving job quality, particularly in emerging and developing countries. In the last 12 months, the majority of the G20 countries have witnessed a modest reduction in the unemployment rate. These positive developments were largely due to welcome net job creation, especially in the United States, but in some cases resulted in part from declines in the labour force participation rate. The rate of youth unemployment declined in many countries but still remains at historically high levels in some. The median value of long-term unemployment as a share of total unemployment has risen to 30.2% in the first quarter of 2014, up from 24.6% at the end of 2007. In a number of countries, the challenge of long-term unemployment and unemployment more generally is particularly acute among youth. The deep global financial and economic crisis and slow recovery in many G20 countries has resulted not only in higher unemployment but also in slow and fragile wage gains for G20 workers. That modest growth was attributable almost entirely to emerging economies, particularly China, while wage growth in advanced economies has been fluctuating around zero since 2008 and been negative in some countries. This trend also reflects a widening gap between growth in wages and labour productivity. In the advanced G20 economies. The gap has grown wider since 2010, as wages in many advanced economies continue to stagnate while productivity has recovered in the group as a whole. Since 1999, average real wages have increased by just 5% while labour productivity - defined as GDP per employed person - has grown by 15%. Earnings inequality remains high in emerging economies, although significant declines have occurred in Brazil and South Africa. Emerging G20 economies have made tremendous progress in reducing both extreme working poverty and moderate working poverty. Overall, an estimated 447 million workers in emerging G20 economies were extremely or moderately poor in 2013, a reduction by half since 1991. Taking into account these near-poor workers, some 837 million workers in emerging G20 countries were either poor or just above the poverty line in 2013. In the emerging economies low quality jobs are often concentrated in the informal economy. The share of non-agricultural informal employment varies from between 30% and 33% in Turkey to over 80% in India. Women are more likely than men to be in informal employment. The majority of informal employment occurs in the informal sector, that is, in unregistered firms. I was going to use the information provided on South Africa as a marker for the rest of Africa. However, I think there is a glitch in their data tables with the male labour market participation rate being shown as 48.7% and, unlike all the other countries, lower than that for women; I suspect the correct number is 68.7%. South Africas overall unemployment rate of 24.8% is more than double that of any other G20 country other than Spain which is slightly higher. Similarly, South Africas youth unemployment rate of 52.5% is just under that of Spain but well ahead of other G20 countries other than Italy and Saudi Arabia. More than 60% of South Africas unemployed have been unemployed for more than one year, the highest of any G20 country. In South Africa 36.8% of women and 29.5% of employed men are in the informal sector. In 2012 South Africa, at 17.1%, recorded the lowest ratio of minimum to average wage of the G20 countries. The report lists some of the efforts made to resolve these problems and proposes more of its own though some, like increase growth, are nebulous and unattainable. Policy efforts in many G20 countries, particularly emerging G20, have addressed income inequality and the vulnerability of low income households, through measures such as minimum wages and social protection. In 12 countries the ratio of the minimum wage relative to the average wage has increased, reflecting the increased recognition of its role in alleviating working poverty and boosting household income and consumption. Participation policies must also be informed by demographic factors. Where the population is aging the labour force will shrink over time as smaller cohorts enter and larger cohorts retire. In this context, policies to encourage female participation and to encourage older workers to stay active are key to at least partially compensate for the shrinking working-age population and its potential negative impact on growth. At the same time, however, attention must be paid to the quality of jobs created. Demography will exercise a constraining influence on labour markets in the coming decades, through a marked decline in the expected rate of growth of the economically active population between 2020 and 2030 in all G20 countries except Australia. In the Russian Federation, Germany and Japan, the economically active population has already started to contract and this will accelerate markedly in Germany. NOW THAT YOU ARE HERE AND ITS WHO YOU ARE JOIN HANDS AND START UP SOMETHING THIS WAS MY DREAM MANY YEARS AGO AND NOW BEING IN THE FUTURE I LIVE MY DREAM AT KAMOL ENGINEERING SERVICES LTD ASK ME AND I WILL TELL YOU HOW TRULY EVERY THING IS DONE AND ALWAYS REMEMBER THAT THERE IS NOTHING MIRACULOUS WITH THE FUTURE THANKS ENG . MAYAMBALA WILLY
Posted on: Sat, 13 Sep 2014 15:27:26 +0000
Trending Topics
Recently Viewed Topics
© 2015