Davos Annual Meeting 2011 - The Future of Employment
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http://www.weforum.org/ 26.01.2011 The Future of Employment The world economy has haemorrhaged more than 30 million jobs since 2007, three-quarters of them lost from advanced economies. Slow job growth is seen as the weakest link in the global recovery, challenging both developed and emerging economies. In partnership with the World Economic Forum, CNBC hosts this debate focusing on what business, education and government must do to boost employment. - Adi B. Godrej, Chairman, The Godrej Group, Godrej Industries, India - Amy Gutmann, President, University of Pennsylvania, USA - Arianna Huffington, Co-Founder and Editor- in-Chief, Huffington Post, USA - Philip J. Jennings, General Secretary, UNI Global Union, Switzerland - Naveen Jindal, Executive Vice-Chairman and Managing Director, Jindal Steel and Power, India; Young Global Leader - Jeffrey Joerres, Chairman and Chief Executive Officer, Manpower, USA - Kiran Mazumdar-Shaw, Chairperson and Managing Director, Biocon, India - Barry Silbert, Founder and Chief Executive Officer, SecondMarket, USA; Technology Pioneer Moderated by - Maria Bartiromo, Anchor, CNBC's Closing Bell; Host and Managing Editor, Wall Street Journal Report, CNBC, USA; Young Global Leader; Global Agenda Council on Systemic Financial Risk
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More of the same suggested solutions that only serve to create more of the same problems. When I hear people preach "education, education, education" - all I hear is "simpleton, simpleton, simpleton." The fact of the matter is this is the most educated generation in history. I grow sick and tired of employers whining like babies over the lack of skills. There's something deeper/darker that's causing the unemployment, people it's time to put on your research caps and ask the hard questions.
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Stop printing money stop bailing out crony capatilists, Ban Central Banks and introduce a sound money Gold & Silver backed currency.
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Glad they mentioned that example on engineering, science and technology. Thatcher transformed heavy industry, trades and skilled professions into shelf stacking, burger flipping and and street sweeping and had the audacity to call them "opportunities" all the while putting all the UKs economic chips into finance. This is what all of the West has done. While exporting the tangible jewels of industy, science and skilled work in general into the third world and the east and they're now booming.
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So annoying to listen to most of them (apart from Mario front right perhaps) how their emphasis mainly is on milking societies and on creaming off the top of the education system. Basically they are all complaining that the education systems aren't efficient enough for their needs. Of course, they discover a lot of actual problems, but their explanations self serving and their fixes not useful for the needs of the majority of people. All teachers of NY earn as much as 25 top Hedgefund managers.
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The future of employment according to the world economic forum...
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loss of employment... AND loss of demand. The fake demand due to easy credit is gone, and the time now is to let market forces correct imbalances...
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