Unemployment, working poor and vulnerable employment to increase dramatically due to global economic crisis

Published at ILO on 28 jan 2009

GENEVA (ILO News) – The global economic crisis is expected to lead to a dramatic increase in the number of people joining the ranks of the unemployed, working poor and those in vulnerable employment, the International Labour Office (ILO) says in its annual Global Employment Trends report (GET) (Note 1).

Based on new developments in the labour market and depending on the timeliness and effectiveness of recovery efforts, the report says global unemployment in 2009 could increase over 2007 by a range of 18 million to 30 million workers, and more than 50 million if the situation continues to deteriorate.

The ILO report also said that in this last scenario some 200 million workers, mostly in developing economies, could be pushed into extreme poverty.

“The ILO message is realistic, not alarmist. We are now facing a global jobs crisis. Many governments are aware and acting, but more decisive and coordinated international action is needed to avert a global social recession. Progress in poverty reduction is unravelling and middle classes worldwide are weakening. The political and security implications are daunting”, said ILO Director-General, Juan Somavia.

“The crisis is underscoring the relevance of the ILO Decent Work Agenda. We find many elements of this Agenda in current measures to promote job creation, deepening and expanding social protection and more use of social dialogue”, Mr. Somavia said. He called on the upcoming meeting of the G-20 on 2 April in London, alongside financial issues, to urgently agree on priority measures to promote productive investments, decent work and social protection objectives, and policy coordination. Continue reading

ILO meeting to discuss employment crunch in the financial sector

Published at ILO, 23 February 2009

Keywords also in Wikipedia:  Globalisation, Credit Crunch, Financial Crisis, Economy, Employment, Trade Unions, Social Movement, ILO

GENEVA (ILO News) – More than 100 senior representatives of governments, workers’ and employers’ organizations, gather here on 24-25 February to discuss the impact of the economic crisis on the more than 20 million people employed in the financial sector worldwide.

A new ILO report prepared for the meeting says jobs in financial services around the world have been strongly affected, with announced layoffs exceeding 325,000 between August 2007 and 12 February 2009.

With close to 40 per cent of the above losses, or 130,000 lost jobs, announced from October 2008 to 12 February 2009, the report also sees a rapid acceleration in financial services job cuts over recent months.

“These figures almost certainly understate the real situation in a sector which has been at the epicentre of the financial and economic crisis”, said Elizabeth Tinoco, Chief of the ILO’s Sectoral Activities Branch. “As the global economy sinks further into recession, and financial institutions’ assets experience even greater impairment, the industry’s job losses can be expected to rise even faster.”

The report defines the financial sector as being comprised of employees in the banking industry (retail banking and wholesale banking acting on national, regional or global financial markets); the insurance industry and re-insurance; and other financial intermediaries (e.g. hedge funds, mutual funds, wealth management firms, insurance agents and financial advisors, etc.).

Continue reading

Royal Bank of Scotland – GIVE US OUR MONEY BACK!

Video by dontpanicmedia

If you go to work everyday, 9-5 and then hand over about a quarter of your income to the government every month and you’re not angry about the current banking F-up, then youre either one of the financial or political elite that have been ripping off the world since time immemorial, or youre a snivelling, subservient little slave and you deserve all the subjugation you get. Our government is bailing the banks out to the tune of £500 billion! Yes, that’s £500 billion! To put that in perspective, we give roughly £5.4 billion a year to international aid. Continue reading

Empirical Study: Twitter is not a Social Network by Patrick Philippe Meyer

Posted on iRevolution

Author: Patrick Philippe Meier

twitterGiven my long time interest in complexity science, I often browse through arXiv(pronounced “archive”, as if the “X” were the Greek letter Chi, χ) for a little distraction. This archive is the go-to site for electronic preprints of scientific papers in the fields of mathematics, physics, computer science and statistics. If only we could have a similar archive in the social sciences.

In any case, I was pleasantly surprised to find a paper on arXiv entitled “Social Networks that Matter: Twitter Under the Miscroscope.” The authors argue that the linked structures of social networks do not reveal actual interactions among people. “Scarcity of attention and the daily rythms of life and work makes people default to interacting with those few that matter and that reciprocate their attention.” Using Twitter to study social interactions, the authors find that the “driver of usage is a sparse and hidden network of connections underlying the ‘declared’ set of friends and followers.”

The authors compiled a large dataset of Twitter 309,740 users. They obtained the number of followers and followees for each user along with the content and datestamp of all her posts. They also identified the number of directed (@name) posts and definited a user’s friend as a person whom the user has directed at least two posts to. The researchers were thus able to compare the number of friends a user has with the number of followers and followees they declared. Continue reading

Impact of ICTs on Repressive Regimes: Findings by Patrick Philippe Meier

Posted on iRevoluition

Author: Patrick Philippe Meier

cyberocacyMy dissertation focuses on the impact of digital resistance on nonviolent political transitions. Digital resistance is a term I use to describe the convergence between civilian resistance and digital activism in countries with repressive regimes. I’ve finally completed the quantitative part of my research and would be very grateful to get as much feedback as possible on the findings so I can write up a final draft in the comings weeks and start planning the field research.

Introduction

The question driving my dissertation research is whether digital resistance poses a threat to authoritarian rule? In other words, are the tactics associated with nonviolent civilian resistance movements greatly enhanced by access to modern information communication technologies (ICTs) such as mobile phones and the Web? Or are repressive regimes becoming increasingly savvy in their ability to regulate the impact of the information revolution within their borders?

If I could turn my research into a Hollywood Blockbuster, the title would probably be: “Repression 2.0 versus Revolution 2.0: A Cyber Game of Cat-and-Mouse.” Continue reading