Mr. Guy Ryder, Director-General of the International Labour Organization (ILO) has waned leading world economies about job crisis.
Speaking in his speech on the danger of fluctualting economy at the World Economic Fourm 2013, held in Davos, Switzerland, from Janury 23-24, 2013, Ryder said the employemnt crisis tendd to expand everywhere in the world and the crisis is far from over. “The economy can’t grow if there aren’t jobs, and if the economy can’t grow, it can’t create jobs.
Ryder pointed out that many countires chose to apply austerity to tackle the crisis, which has resulted in job losses. Unemployment in Spain, for example, hit a historical record high at 26 percent recently with four million more jobless people. In 2013, the country expected five million people to loose their job and the figure is expected to grow furhter.
He warned that while the intensity of the financial crisis may appear to be receding, jobs’ markets are giving completely different signals.
He said he thinks it is too early to think that the crisis is over. For the people in the jobs’ queue, the crisis is very much with them and the queue is getting longer. New graduates are facing the crisis at the very beginning of their work life.
The ILO director-general said income creation is urgently needed to releive the crisis before the austerity will cause further unemployment.
Attempts by the ILO to signal labour crisis at previous World Economic Fourm were well received. The Global Risks 2013 Report, proposed to the World Economic Fourm, indicated that income inequality is the biggest risk facing the global economy.
The ILO succeeded in raising labour issues at this year World Economic Forum, which was participated by business leaders from around the globe, executives from each member government and executives of international financial institution such as the World Bank, the International Monetary Fund (IMF), and the Asian Development Bank (ADB). This should help expand visions of the influential policy makers to help solve the ongoing financial crisis.
Labour Section in Switzerland, Permanent Mission of Thailand to the United Nations Office and other International Organization in Geneva
