LOCKDOWNS LEAVE 22 MILLION JOBLESS IN RICH COUNTRIES

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About 22 million fewer people have jobs in the world’s advanced economies than before the Covid War began, according to the annual employment outlook report by the Organization for Economic Cooperation and Development (OECD), whose 38 member nations include most of the world’s richest countries.

Jobs will remain below pre-crisis numbers until late 2022, the OECD predicted.

However, the group cautioned that nations may face greater long-term unemployment: most jobs lost during the crisis were low-skilled, leaving millions of jobless workers unprepared to fill jobs in sectors where higher-paying jobs are going begging.

“A widening gap may develop between those who have weathered the crisis through reduced hours and short periods on temporary layoff and those who have found themselves jobless—increasingly distant from the labor force,” the OECD warned.

At the end of 2020, 60 million people across OECD member nations had been without work for six months or longer. People out of work for that long have a harder time finding work again, economists say.

TRENDPOST: The root of the “”jobs problem” lies in our education system, which has not worked with industry to create enough internships, work-study programs, on-the-job training, and similar opportunities for high-school students to be introduced to technical education—in factories, labs, business offices, and other venues—so graduates are ready to step into entry-level jobs while they receive advanced training.

2 Comments
  1. Rick 2 months ago

    Is it possible joblessness is what the final outcome is supposed to be? Keep them poor and dumb. Or, barefoot and pregnant. Or, even start a war.

  2. lvblasiotti 2 months ago

    Gerald is right. They hire foreigners instead of training Americans. The corporations and now even the government do not give a flying hoot about training American youth or those who have lost their jobs. It is easier to hire foreigners who already have the skills needed. That is one of the reasons the youth join the military, i.e., to learn a tech skill of some kind. These International corporations enjoy American military protection and other American benefits but they refuse to give back via training our youth with skilled jobs. They stink and if in the oncoming depression they go under…they will have indeed earned it.

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