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News stories on the impact of job loss appear daily in the media.
Less reported is that working conditions in many countries around
the world have deteriorated as rapidly as jobs have been lost--and
this affects ten times as many people. Working conditions
significantly impact our health, the amount of time we can spend
with family, our options during momentous life events (such as the
birth of a child or the death of a parent), and whether we keep or
lose a job when the unexpected occurs. Inexplicably, the global
community has nearly universally accepted the argument that any
country that guarantees a floor of decent working conditions will
suffer higher unemployment and will be less competitive.
"Raising the Global Floor" shatters this widely held view by
presenting the first ever, global analysis of the relationship
between labor conditions, national competitiveness, and
unemployment rates in 190 countries. The authors' findings are
dramatic. They show that there is no relationship between
unemployment rates and providing basic protections in a series of
critical areas. Strikingly, data also indicate that good working
conditions can make countries "more" competitive. There are no
long-term economic gains to be had if workers are denied paid sick
leave, paid annual leave, paid parental leave, the right to a day
of rest, and many other basic protections that would improve the
quality of their lives.
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