US is still fighting the Job intake , which it considers the holiest number as measure of GDP improvement. Month to month, the number fluctuates and the stock market quickly captures it and penalizes the small investors. With an unemployment ratio of only 9% , where wages are as high as $10 per hour, it actually has no reason to crib.
For Europe, there is never a talk on Jobs, because that would show Spain as the leading defaulter with almost 50% of its qualified young workforce without a job and followed by Portugal, Greece , Italy and so on.
If the Developed and Developing world really wants the unemployment to be addressed, then the law on Minimum wages needs to be scrapped altogether. This is the major hurdle for the Industry to hire. let the market forces dictate the wages. One will see that though the average wage per hour might come down , yet the unemployment will fall drastically.
Asia , Americas and Africa don't anyway care about jobs and job creation. The over riding interest is to quickly exploit the situation and let the people struggle to survive.
The revolution in Middle East is taking a good shape, but at the end, how will it change the lives of a common man is still unclear.
For the rich, anyway it does not matter, what happens to the economy. The more the economy struggles, the better is the value of the wealth of a person.
China and India for the first time in last two decades are experiencing slow down. Syria, Libya, Egypt, Tunisia, Iraq, Bahrain are all in state of flux. Euro has taken a severe beating and Italy, Greece, Portugal, Spain etc are still to shape up. Where is all this leading ?
Global Recession is round the corner. Wait for the prices to drop and ensure that your job remains intact.
For Europe, there is never a talk on Jobs, because that would show Spain as the leading defaulter with almost 50% of its qualified young workforce without a job and followed by Portugal, Greece , Italy and so on.
If the Developed and Developing world really wants the unemployment to be addressed, then the law on Minimum wages needs to be scrapped altogether. This is the major hurdle for the Industry to hire. let the market forces dictate the wages. One will see that though the average wage per hour might come down , yet the unemployment will fall drastically.
Asia , Americas and Africa don't anyway care about jobs and job creation. The over riding interest is to quickly exploit the situation and let the people struggle to survive.
The revolution in Middle East is taking a good shape, but at the end, how will it change the lives of a common man is still unclear.
For the rich, anyway it does not matter, what happens to the economy. The more the economy struggles, the better is the value of the wealth of a person.
China and India for the first time in last two decades are experiencing slow down. Syria, Libya, Egypt, Tunisia, Iraq, Bahrain are all in state of flux. Euro has taken a severe beating and Italy, Greece, Portugal, Spain etc are still to shape up. Where is all this leading ?
Global Recession is round the corner. Wait for the prices to drop and ensure that your job remains intact.
