A remedy for inequality

Apparently, the first step in solving a problem is admitting that one exists. If so, it is welcome that inequality trends are in the spotlight and there is concern about its potential consequences. But now, it is time to focus attention on reverting these unsettling trends.

A new book, Labour markets, Institutions and Inequality , written by policy experts from the International Labour Office, argues that reducing inequality will require concerted political action to strengthen, and in some cases, institute, labour market and social welfare institutions around the world.

Institutions are needed because equitable societies with large middle classes are not the natural outcome of market forces.

To begin with, countries must abandon the misguided notion that deregulating the labour market will solve problems of underemployment and unequal access to work.

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Source & Copyright: ILO