The world is missing over 350 million jobs

Since 2000, more than half a billion jobs have been created in the Global South. Nevertheless, there is still a global shortage of over 350 million jobs, but this figure is set to decline sharply almost everywhere in the future. Looking ahead, it is important to create jobs that not only serve as a step out of absolute poverty, but also provide a good livelihood for employees and their families.
India is the country with the most job shortages: over 60 million. China follows in second place with over 30 million. Then comes Africa: the Democratic Republic of Congo, Nigeria, Tanzania, Madagascar, and Mozambique. Madagascar, currently in the headlines due to political unrest, has by far the largest employment gap in percentage terms: 12 million people – equivalent to over 75% of the working population – do not have a job that earns them more than $2.15 a day. By 2050, the employment gap worldwide will still be almost 250 million. In addition to India and China, two countries stand out particularly negatively: according to projections, the Democratic Republic of Congo and Madagascar will still have employment gaps of over 20 million each in 2050.

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