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History
Labor productivity (annual growth rate of real GDP per worker) globally has
slowed from an average annual rate of 2.9 per cent from 2000 to 2008 to 1.9 per
cent from 2009 to 2016. The slowdown represents a negative development for the
global economy, with adverse effects on living standards and real wages.
Youth were almost three times as likely as adults to be unemployed, with
unemployment rates of 15 per cent and 4.4 per cent, respectively, in 2016.
The retirement system law was last upgrade on 1981.
Solutions.
Create laws to promote the hiring of inexperience people on jobs, so the
companies have benefits for hiring young people and this new employ get the
chance to get experience.
Improve the retirement system to have more jobs positions available, the increase
of retirement people leave space to new employs