Author: Richard Samans
Original article is here.
Excerpt:
The decisions we take today will shape the extent to which technological progress is harnessed to create more equitable economies. In preparation for the 100th anniversary of its founding in 1919, the International Labour Organization (ILO) assembled a Global Commission on the Future of Work, which released its recommendations to the international community in January.
Co-chaired by South African President Cyril Ramaphosa and Swedish Prime Minister Stefan Lofven, the Global Commission concluded that there are three practical steps countries should take to prepare for the future of work and in so doing improve both social justice and economic growth. Each involves raising the level of investment in people across the public and private sectors. This is the crux of what it means for a country to strengthen its social contract in the world economy of the 21st century. It also is the basis for a new, human-centered growth and development model that could sustain the world economy’s momentum as the two growth engines on which many countries have been relying—extraordinary macroeconomic stimulus and export-led production—continue to lose steam.