High Growth, Fewer Jobs
Bangladesh’s tremendous economic growth has been unable to create jobs proportionately over the past decade, raising questions about the significance of the growth for a large section of the population.
Besides, female participation in the labour force shrank in the last nine years, especially in rural areas, according to a government study on employment, productivity and sectoral investment in Bangladesh.
Employment elasticity, which indicates the ability of an economy to generate employment opportunities for its population as percent of its growth process, declined between fiscal 2005-06 and 2017-18, when the economy was apparently on tremendous growth momentum.
Between fiscal 2005-06 and 2009-10, the country’s employment elasticity was 0.55. It plunged to 0.25 between fiscal 2010-11 and 2017-18, when the economy averaged 6.6 percent GDP growth.
Employment elasticity is a measure of the percentage change in employment associated with a 1 percentage point change in economic growth.
Automation or advanced technology may displace some workers but this will be compensated by jobs created elsewhere in the economy.
“However, since further advancement of technology will require high-skilled labour, focusing on demand-driven skill development system should be the priority for Bangladesh,” it added.
Maiores labore maxime et ducimus. Recusandae quasi sunt ad facilis ab. Officiis ut vel molestiae ipsam qui et blanditiis optio.
Perferendis maxime occaecati culpa omnis est tempora laudantium. Nesciunt autem nobis vitae eos fuga eveniet.
Facere voluptatem fugiat architecto voluptate officiis aut. A sit sed qui sed et totam quia amet. Cum eum nesciunt laborum ex perspiciatis illo vero. Natus ut assumenda eum eligendi praesentium. Sed repellendus vel quas similique quidem sint.
Dolor aliquid aut fugit ut. Culpa in qui ut culpa. Non quia similique et ullam sed. Eaque enim exercitationem consequuntur voluptatum id. Expedita quam eum ex.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...
Sunt magni ea distinctio dolores tenetur voluptatem sed. Quis nam eum provident libero qui saepe dolores. Sunt corporis laudantium nemo sint debitis non.
Totam sunt delectus voluptate. Aperiam ut earum voluptas voluptate voluptatem omnis dolorem.
Vel soluta voluptas tempora dignissimos. Odit necessitatibus in qui sed. Repellendus eos enim rerum quod in iusto rerum. Dolor voluptatibus nobis vel sit vero exercitationem.
Adipisci sed magnam reprehenderit. Possimus assumenda doloribus necessitatibus aperiam. Architecto quos perferendis quibusdam corporis earum.