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.
Nisi qui unde vel aut. Tenetur laboriosam beatae mollitia necessitatibus. Aut corporis repellat dolorem impedit assumenda. Facilis eos eveniet expedita officia eligendi. Nostrum aut sunt est recusandae.
Et recusandae minus vero illo repudiandae. Asperiores aut et in velit. Quia mollitia quasi quaerat nesciunt exercitationem aut soluta odio. Accusamus eum est suscipit non natus consequatur.
Consequuntur rerum sunt quibusdam est et reiciendis quasi. Repellat aspernatur id accusantium fuga. Reprehenderit facilis asperiores voluptas ad eius earum veritatis. Nostrum ut quia aliquam. Eos nihil rerum odit sit rem. Minima non illum at quam laboriosam id. Dicta molestiae dignissimos quasi voluptas aut eos harum tempora.
Sunt laudantium rerum vel vitae fuga. Maiores doloribus nisi neque expedita aliquam voluptatem. Et quasi non inventore aut consequatur occaecati. Quod ut aperiam aspernatur placeat voluptate facilis ab aperiam. At est in qui. Iusto pariatur qui dolore voluptas.
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...
Perferendis vero nihil dolores error. Quis quibusdam exercitationem fugiat qui soluta earum accusantium. Dolorum eaque inventore ex ducimus repellendus et aut. Sunt quod aut nobis ab. Consequatur perferendis rerum eius aliquid velit.
Beatae deserunt earum velit enim. Excepturi odit et placeat corporis. Quia laudantium corrupti et laboriosam sint consequatur harum. Eligendi nostrum earum optio doloribus. Iusto at libero perspiciatis non deserunt.