Do we have full employment?, by Mariano Guindal
The vice president of the European Central Bank, Luis de Guindos, has publicly confessed his surprise that, in the midst of a slowdown in growth, the highest level of job creation is taking place, both in number of workers and in hours worked: "No "I remember nothing like this has happened in a long time." The problem is the type of jobs that are created and the lack of productivity The case of the United States is paradigmatic. With an unemployment rate of 4%, they need more immigrants to fill the jobs that their growth demands. It is not surprising that this resilience of the labor market occurs amid a wave of immigrant arrivals, which in turn triggers the resurgence of xenophobic sentiment and contributes to the popularity of ultra-conservative parties in different parts of the world.It is also shocking that the development of employment is coinciding in time with artificial intelligence, digitalization and technological changes that, as we are told, will destroy hundreds of professions and jobs Russia Mobile Number List that will be occupied by robots. Perhaps what may be happening is that the destruction of one type of work causes the birth of new professions with greater added value. Employment office in Madrid O'donell street daniel dutch But the truth is that it is a phenomenon that has surprised the large central banks and economic analysis centers. Nobody quite understands how it is possible that in an economy that is slowing down more and more as a result of the rise in interest rates to contain inflation, employment expectations are improving, which in turn pushes up wages and consequently, to the consumer.
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price index. In Spain, the phenomenon is even more complex because our unemployment rate continues to double the European average, especially in the case of young people. What is happening to us? According to César Molinas, a part of the population does not want to work. This would explain why 149,645 jobs, according to INE figures, have been left unfilled in the last year. For José Carlos Díez, “the main problem of the economy is not job creation, but the type of employment and the lack of productivity.” It is not that young people do not want to work, but that the occupations offered to them are far below their professional qualifications. And he finishes with a phrase that is thought-provoking: “The high dynamism of the economy and its labor dynamism is indifferent to the color of the party in government and labor legislation.
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