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Did you know? Asia's policy makers must take decisive steps to generate high quality, productive jobs if the region is to sustain and broaden the benefits of its economic expansion of the past two decades. A special chapter in ADB's 2011 Key Indicators argues that the pattern and rate of job creation across the region have been sharply mixed, and growth is not enough on its own to guarantee quality jobs with decent wages and conditions. Many of the new jobs that have been created in Asia are low-cost, low-wage manufacturing positions. The percentage of workers in informal employment in Asia remains sharply higher than in most other regions. The report says creating higher value-added jobs and increasing labor productivity are key to quality employment. Productivity in rural areas also needs to be improved, and technical and vocational training broadened. In addition, middle-income countries would need to broaden their social protection networks. |
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