G20 | Will GDP growth mean more jobs? The G20 leaders are bent on raising the global economic growth rate to 2 per cent or more than current projections. The economic logic behind this mysterious number is an unspecified investment commitment and reforms that collectively would induce economic growth and get the world economy moving again. The question is, will it get the economy moving again in terms of jobs? In fact, there is no explicit discussion by the G20 on the employment challenges that confront the world economy. SPP: The fairyland endless GDP growth targets of G20 pollies must assume infinite resources - upon which the economy, and thus sustainable jobs, are based. But we live in a finite world. A better recipe for (sustainable) jobs would include prioritising the careful management of our natural resources, including a national and worldwide campaign to stabilise human population ASAP. Footnote: The author made some good points in this article, but did not mention population. Fortunately, many of the comments did!
Posted on: Sat, 15 Nov 2014 21:46:41 +0000