According to the ILO’s 2018 estimations, the total number of unemployed citizens is expected to remain in 2018 above 192 million. Thus, job creation must remain the number one top priority for G20 countries. G20 leaders should promote open, dynamic and inclusive labor markets.
At the same time, one of the most persistent and concerning trend is informality. Today, 1.3 billion people live in informal employment. Informality exacerbates inequalities and exposes the most vulnerable in our societies. Consequently, it continues being a paramount and multidimensional worldwide problem to be addressed
B20 considerations includes measures that would allow a “roll back on informality” that should be complemented with continued monitoring. G20 leaders should ensure firms adherence to the benefits of formalizing through national tailored policy plans. This may include streamlined business registration, unified and coordinated one-step online counters to interact at every level of state agencies, temporary special taxing incentives linked with labor registration, promotion of digitalization of payments and MSMEs access to finance
G20 leaders should consistently foster a culture of integrity by training citizenship programs that teach ethical and valued skills, strengthening the rule of law and providing proportionate enforcement by the competent authorities, which also includes being part of the formal economy and allowing people access to social protection.
The B20 also highlights that in order to keep up with technology change further work is required for the adoption of flexible labor laws and a diversity of new forms of employment. Social protection systems should be modernized, safety nets should allow for the creation of rights and benefits that are portable for individuals across different forms of work, jobs and sectors.
Recommendations place special focus on inclusiveness of labor markets regarding the most vulnerable groups, female, youth and disabled. As for female employment, leaders should report the advances made on the implementation of 2014 Brisbane commitment, especially in national policy plans. Ensuring equal access as well as promoting girl’s engagement in STEM education is also a concrete step forward
Benefits of higher growth or increase of productivity are not being shared across the entire population. In fact, disadvantaged people with less skills and poor education are relegated to have low productivity performance, have precarious jobs and live under in the informal economy.
Strengthening skills development and lifelong learning to ensure inclusive societies is critical.
Educational policies should increase in quality, focusing on capacity building for schools, particularly supporting teachers. Also, to address the unsupplied demand of what employers need from people, leaders should have a comprehensive global mapping on education indicators. The B20 therefore welcomes the OECD Survey of Adult Skills (PIAAC) and the World Bank's STEP Skills Measurement Program and encourages leaders to engage and cooperate with these initiatives, providing national data to improve further data recompilation.
Main gaps are evident on content skills, (namely reading comprehension, writing, speaking and active listening), process skills (i.e. critical thinking and active learning), problem solving skills and social skills (i.e. instructing, social perceptiveness).
B20 calls for special focus on basic foundational education shortages that are still the trigger for today inequalities while at the same time particularly promoting STEM (science, technology, Engineering and Mathematics) disciplines and the acquisition of digital skills as an integral part of the curriculum.
Further discussions are focused on modernization of education systems, considering the challenges of extended work life and fast pace of change, with innovations such as more modular approaches, how to attain more universally accepted competences and others.
Finally, the B20 asks for active support of entrepreneurship and innovation. Leaders should implement growth strategies for entrepreneurs, always taking into account promoting gender equality of opportunities This may support existing initiatives such as G20 SMART Innovation Initiative and following up the G20 Action Entrepreneurship Plan established in 2016.
Entrepreneurial strategies should enable greater access to a variety of funding sources for MSMEs, Also, should comprise entrepreneurship education inclusion in school, VET, and university curricula.