OECD urges reforms to stem unemployment
Wednesday 26 May 1999
Officials from the influential think-tank will present their conclusions to ministers gathering in Paris for its annual meeting today and tomorrow.
The report concludes that countries such as the UK, which started to reform their jobs markets in the 1980s, have experienced rising employment and falling joblessness.
High unemployment countries on the Continent, however, were slow to introduce reforms, and these must be applied "comprehensively and in a sustained manner to achieve lower unemployment".
The OECD emphasises the importance of structural reforms, rather than just looser macroeconomic policies, to create jobs.
High on the list of recommendations in the report, a follow-up to the organisation's massive 1994 Jobs Study, are eliminating barriers to starting new companies, making working practices more flexible and abolishing employment protection policies that discourage companies from creating jobs.
The report also singles out the need to ensure that minimum wages for young people are not set too high, vindicating the UK Government's controversial decision to set a lower rate for young people. "Wage floors should not be set so high as to block youth from entering the labour market," the report says.
However, the new Jobs Report also looks at policies to combat the marginalisation of certain groups such as single mothers or the unskilled. It supports in-work benefits to ensure that finding work pays off for the low-skilled.
Ministers will discuss a range of trade issues at the meeting, which offers EU and US negotiators a chance to continue informally with talks about the disputes over US beef imports into Europe and Japanese steel imports to the US. Discussions on the new trade liberalisation round will also take place.
- 2 Harry Potter fans can apply to the Hogwarts-inspired College of Wizardry
- 3 Jessica Chambers: 19-year-old woman 'doused with lighter fluid and burned alive' in the US
- 4 Russell Brand calls Nigel Farage 'poundshop Enoch Powell' in BBC Question Time debate
- 5 Orange Wednesdays are no more
Weather bomb in pictures: Storms cuts power for tens of thousands – and snow is on the way
Jessica Chambers: 19-year-old woman 'doused with lighter fluid and burned alive' in the US
Russell Brand calls Nigel Farage 'poundshop Enoch Powell' in BBC Question Time debate
Russell Brand was rendered speechless on Question Time by this man
Fury at Airbus after it hints the super-jumbo may be mothballed
Disgruntled RBS worker writes hilarious open letter to Russell Brand after anti-capitalist publicity stunt leaves him hungry
Nigel Farage defends Kerry Smith 'ch***y' comment: 'If you are going for a Chinese, what do you say you’re going for?'
Nigel Farage's approval rating hits 'record low' as popularity suffers in wake of Ukip sex scandal
Rozanne Duncan: Ukip expels councillor for 'jaw-dropping' comments made in BBC TV interview
Sony hack: Angelina Jolie branded 'seriously out of her mind' in further embarrassing leaked email saga
Panic Saturday: 13 million Britons spend £1.2bn – while 13 million others across the country live in poverty unable to afford food
iJobs Money & Business
£43500 per annum + pension + holidays: The Jenrick Group: Night Shift Operatio...
£20000 - £25000 per annum + OTE £40,000 + Car + Pension: SThree: SThree are a ...
£20000 - £25000 per annum + OTE £35K: SThree: We consistently strive to be the...
£20000 - £25000 per annum + OTE £35000: SThree: SThree are a global FTSE 250 b...