'Massive jobs shortfall' predicted for global economy

[katty]

more: http://www.guardian.co.uk/business/2011/sep/26/job-creation-governments-ilo-crisis

The world's major economies are heading for a "massive jobs shortfall" by the end of next year if governments do not change their tack on policy, the International Labour Organisation (ILO) said in a study published on Monday.

In the report, prepared with the OECD for G20 labour ministers meeting in Paris on Monday, the ILO said the group of developing and developed nations had seen 20m jobs disappear since the financial crisis in 2008.

At current rates it would be impossible to recover them in the near term and there was a risk of the number doubling by the end of next year, it said.

[applegrove]

1. Deregulation does not 'create' jobs. I makes things more efficient. More efficient=fewer jobs.

[bhikkhu]

2. All of which was well predicted a few years ago

by people watching the energy industry's failure to continue growing supplies. Basically, if you don't have growing energy and resource supplies as a primary input, at some point you no longer have growing economies.

The planet is finite, and to the extent that we rely on fossil fuels and mined natural resources, growth may be about finished.