Job creation is not always a better solution to poverty than welfare spending.By Vijay Prashad / AlterNet
Earlier this month, the International Labour Organisation (ILO) released its important World Employment Social Outlook report for 2016. There was little press coverage. The title is bureaucratic and boring. How does one make news from this drabness? One of the most significant findings is that poverty rates have now declined. The ILO finds that this is because of the immense gains in China and in parts of Latin America—notably Brazil. In parts of Africa and in other regions of Asia—including India—“poverty remains stubbornly high.” Meanwhile, those who have skipped above the poverty line “continue to live on just a few dollars per day, often with limited access to essential services and social protection.” Despite the optimism from the data, the ILO remains cautious. Matters are no-where near celebration. Economic slowdown in China and the coup in Brazil are indicators that the slide backwards is possible.