Monday, September 03, 2007

The ILO Report

In 2006 each US worker produced $63,885 (£31,651) of wealth . In May 2005 the average wage was $37,870

The International Labour Organisation report shows that the productivity gap between the US and most other developed economies continued to widen. The acceleration of productivity growth in the US has outpaced that of many other developed economies. However, Americans work more hours per year than workers in most other developed economies. This is why, measured as value added per hour worked, Norway has the highest labour productivity level (US$ 37.99), followed by the United States (US$ 35.63) and France (US$ 35.08).

The report also highlights that throughout the rest of world ;-

“Hundreds of millions of women and men are working hard and long but without the conditions they need to lift themselves and their families out of poverty; they risk falling deeper into poverty..."

Whereas the unemployed want to work but lack the opportunity to do so, the working poor are working but do not earn enough to escape poverty. 1.3 billion working poor who live with their families on less than US$ 2 per day per family member. Half of all women and men employed are considered vulnerable to poverty and carry a higher risk of being unprotected, without social security and without a voice at work. Over 70 per cent of the workers in sub-Saharan Africa and South Asia are in such vulnerable employment.


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