Employment & Education
Employment and Education have become core topics of the G20. In recent years G20 leaders have recognized that more must be done to address unemployment, raise labour force participation, improve the education and qualification of the work force and create framework conditions which are conducive for quality jobs to ensure the G20’s global of sustainable economic and financial development.
In 2015, the number of globally unemployed people reached 197.1 million, an increase of 1 million from 2014, and 27 million above the preglobal financial crises level. The current rate of youth neither in education, nor in employment, or training (NEET) ranges from 10% to well over 30% in G20 countries, and has been in rising in several G20 countries for the past few years. These data illustrate the employment challenges currently facing G20 countries, although all countries are interested in how to create more job opportunities and improve job quality so as to obtain sustainable and balanced economic growth.
The B20 Germany Employment and Education Task Force will continue to discuss the issues related to improving framework conditions for more and better employment opportunities and allocating human resources efficiently. Tackling this multi-layered issue calls for coordinated actions between governments and the business community.
B20 Germany aims to address challenges associated with rapid technological development, the reskilling needed for rapidly shifting job markets, and the structural reforms needed for more and better employment opportunities. Better employment opportunities also present themselves as great facilitators for higher rates of growth. Furthermore, the B20 Germany Employment and Education Task Force will work intensively on the issue of working conditions in global supply chains since the German government will place this topic on the G20 agenda.
The B20 will work on strengthening the implementation of international commitments such as the ILO Tripartite Declaration of Principles concerning Multinational Enterprises and Social Policy, the OECD Guidelines for Multinational Enterprises and the UN Guiding Principles on Business and Human Rights so as to ensure that global supply chains contribute to jobs, growth, and work opportunities.