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2019年5月23日 星期四

Capitalism’s critics are yet to notice: The rich world is enjoying an unprecedented jobs boom


The rich world is enjoying an unprecedented jobs boom. Capitalism’s critics have missed it. Our cover this week https://econ.st/2VYqJTD


WorkThe rich world is enjoying an unprecedented jobs boom

Capitalism’s critics are yet to notice
 Print edition | Leaders
Everyone sayswork is miserable. Today’s workers, if they are lucky enough to escape the gig economy and have a real job, have lost control over their lives. They are underpaid and exploited by unscrupulous bosses. And they face a precarious future, as machines threaten to make them unemployable.
There is just one problem with this bleak picture: it is at odds with reality. As we report this week (see Briefing), most of the rich world is enjoying a jobs boom of unprecedented scope. Not only is work plentiful, but it is also, on average, getting better. Capitalism is improving workers’ lot faster than it has in years, as tight labour markets enhance their bargaining power. The zeitgeist has lost touch with the data.

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