Yesterday, the results of a Gallup, Inc. poll showed that just 27 percent of the world’s workers are employed full-time, with the figure in North America slightly higher (41 percent). According to the Wall Street Journal:
In unveiling the new metric, Gallup chairman Jim Clifton described the effort as a way to count the number of “good jobs” around the world. “In what is perhaps the world’s most pressing problem today, of the 5 billion people age 15 or older, 3 billion want a good job, but there are only 1.2 billion of them to go around,” he wrote. Existing data “lump the lousy jobs together with the good ones. … Do you think Guatemala’s unemployment rate is really 4%? Or that Iran’s is 15%? Our data suggest the real unemployment rates are much, much higher.” Read more →
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