Why Labour-intensive Business is the Future of Job Creation

摘要

The battle against unemployment continues to rage and nowhere more so than in developing economies. There is good reason for that. For example, in Africa more youths will enter the labour market in the next 15 years than in the rest of the world combined. Systemic change is needed to reverse the trend of jobless growth by shifting focus from labour to resource productivity to redesign employment markets fit for the 21 st century.Increasing labour productivity has been the focus of policymakers and business leaders alike for decades. The aim is to produce more goods and services with fewer hours worked. Innovations also tend' to focus on increasing labour productivity and as a result we are racing towards an era we could define as 'post-job.' Robots and machines demand no salary; only electricity is needed for their work. In short, business has been incentivized to eliminate jobs when we need them more than ever.