Masterclass04
0 likes267 views
The document summarizes key points from a masterclass discussion on labor markets in the wake of the Great Recession. It focuses on measures governments took to support employment, including providing public employment services, retraining programs, unemployment benefits, and short time work programs. However, these programs did not always help that much. Questions were asked about the impact analysis of the government measures and what more can be done to prepare for potential future recessions.
Masterclass04
- 1. Paul Swaim Sr. Economist Employment Analysis Support labour demand Speaker and Policy Division Provide the people without jobs >1 year OECD Need social protection Labour markets in the wake of the Government support "Great Recession". Keep jobs Important Topic employers Relocate job Buy-in unions to not to protected the system Denis Total employment was changing Pennel Public employment services Masterclass Moderator Retraining programs Alexis van Dam Improve skills unemployed Type of retooling/ Mindmapper World of Minds Training program can't cope with reskilling large stream of attendees Important No clear answers Q: What is the impact analysis on the Question measures taken by government Mindmap Summary of the masterclass Retraining contains Legend Questions asked by attendees Re-employment Clockwise Reinforce labour demand Read mindmap From top to bottom Resize jobs due to shorten work time Be ready to manage Job counseling What did a big recession Unemployment benefits International Confederation of Private governments do Employment Agencies, Saving jobs Short time work Sometimes it didn't program Staffing industry help that much 46 countries USA didn't invest Amount of budget spend to 10 million agency workers much in system re-employ people varies Working together with OECD Employment more volatile Start Impact of crisis More temporary jobs Look forward Aim Growth on temorary workers till 2007 high Flexibility in market Since 2009 its recovery Effects Integovernment organisation Sack people Solution Economisc issues by governments Or cut down on hours EU USA, Asia, Australia Well adapted to flexibilty Social dialogue Labour markets Ideal mechanism New technologies They need to keep up Social protection system Flexibility Degree flexibilty vs social protection/ Crisis What's happening support systems Generous social protection system New forecast OECD outlook Dramatic change Crisis in 2008 the worst since 1930's Banking crisis Is the worst kind Forecast was less optimistic then the reality Master class 4: Labour In 2008 the situation Spain: 21% markets in the wake of Steep falll in trade Peaks in looked bad Estonia: 20% unemployment the "Great Recession" Ireland: 15% Economic crisis wasn't so deep Turkey: 10% Overall Taken into account large fall of GDP Slovakia: 9% Pre crisis Resilient Spain: 8% Top3 Flexibility High enemployment Labour markets Spain: 20% (same) Take a long time to bounce back Ireland: 15 (same) Latest Unemployment 1990 - 1995 increase from 3% to 18% Is bouncing back rate 1995 - 2008 slow decrease to 6% Estonia: 14% (-6%) 2008 increase to 9% Small effect Netherlands High Labour Unemployment levels varies amongst EU countries unemployment markets Social benefit system: genereous due to A drop op 4% GDP is a bad recession Social protection system Consequentions Example Flexibility Amount of hours worked dropped Currently drop in GDP Finland Unemployment services Output per worker dropped Employers went to great effort to keep workers GDP Bad recession Bad for employment Cutting jobs Lessons Recovery of employment level takes Sharing work Solutions Public Policy longer then the decline Employers & Unions worked together Less experience What happend Changed their system Youth duringrecession See graph European Became more resilient Save more money countries Different from USA Stock market Crisis was a good stress test Lay off during crisis at 57 now 60 Greying off working Older Issue for governments population Retirement is expensive Who lost jobs? Public pension system Layed off Low skilled Due to colapse in industry Men where hit harder then women Men are more likely to work in industry Costly People >1year unemployed Issolation Germany No high increase/ decrease Crisis Immigrants High increase due to Lots of contruction Spain Unemployment >12 months is 8% Unemployment Increase productivity rate Smaller group that works harder High increase due to crisis Unemployment >12 months is 3% Usa When business conditions go bad Services based economy USA productivity Analyse the effect on flex work Variations in productivity Temporarily export Q: is there a flex market went bad worker security Germany Kept skilled workforce index? Look at productive workers Questions Situation Each country Based needs specific upon Type of workforce measures Work 2011-05-19 Ciett2011 World Employment Conference | LiveMindMapping by World of Minds, more info see: www.connectionofminds.com/ontmoet