As the name suggests, “The Open Forum” is one Davos event to which all are welcome. No magic World Economic Forum badge required! I attended a very interesting session on unemployment.
The International Labour Organisation (ILO) presented shocking statistics showing that 4.2 million more people joined the ranks of the unemployed in 2012 and projected that things are only expected to get worse.
Armed with those figures, ILO Director General Guy Ryder issued a stark warning to the Davos elite, telling them the time for back slapping over brighter economic prospects was way too premature.
There were also warnings that if action is not taken fast we will no longer be talking about one lost generation but several, with rising unemployment a ticking time bomb that could trigger greater social unrest.
The panel had some words of advice for young people, such as “don’t aim too high” and “don’t worry about what your first job is”.
The message was clear: “Just get a job and get experience of what working life is like.”
- 1Eurozone ministers agree “breakthrough” deal with Greece
- 2The nuclear waste site at the heart of Canada’s wildfires
- 3Turkey warns EU migrant deal could collapse if visa-waiver isn’t speeded up
- 4Kurdish-led militias launch offensive against ISIL-held Raqqa
- 5More fuel frustration as French pickets refuse to back down
- 1The nuclear waste site at the heart of Canada’s wildfires
- 2Brazil in crisis after leaked tape forces out interim President’s ally
- 3EgyptAir crash: suggestions of explosion on board ‘mere assumptions’ – official
- 4A handshake, a kiss and a hug at historic meeting of Catholic and Muslim leaders
- 5French union blockades spark petrol shortages
- 1EgyptAir crash: airline says Flight MS804 wreckage found
- 2Venezuela economy fractured with shortages of essentials across the country
- 3The nuclear waste site at the heart of Canada’s wildfires
- 4Crimean Tatars look for Eurovision boost on day of national tragedy
- 5Emergency response: inside Ecuador’s disaster zones
Former minister Jacques Wagner confident Rousseff can return to power
With Michel Temer at the head, what’s next for Brazil?
Turkey: Erdogan ‘expected to tighten grip’
Fighting ISIL: exclusive in-depth report from Iraq frontlines
Exclusive: Greek PM says crisis nearly over, no more austerity needed
Wires > News
- 16:36 CET Italy navy says migrant boat flipped, five dead
- 16:32 CET Insight – ‘Living in Germany’: a testing time for Merkel’s migrants
- 16:29 CET French, Italian firms to help search for EgyptAir black boxes
- 16:15 CET Japan PM protests against Okinawa incident at summit with Obama
- 16:01 CET Mugabe supporters rally in Zimbabwe amid tensions over succession
- 15:59 CET Trump, aiming to offset money disadvantage, escalates Clinton…
- 15:33 CET Israeli rights group accuses military of whitewashing soldiers‘…
- 15:15 CET Merkel says more time needed on EU-Turkey visa deal