More and better jobs in Bangladesh

Accelerating growth in Bangladesh’s per capita income has added nearly 1.2 million new jobs every year and improved job quality between 2000 and 2010. Wage workers have seen their wages — adjusted for price increases — rise by nearly 2 percent a year. Poverty rates among the self-employed have fallen. The quality of jobs, as measured by rising real wages for wage workers and declining poverty for the self-employed, has improved. Going forward, with swelling numbers of new entrants — and an expectation that more women will enter the job market, as was the case during East Asia’s rapid growth — Bangladesh will need to create up to 1.5 million new jobs each year for the next two decades.

A recent World Bank report, “More and Better Jobs in South Asia”, finds that notwithstanding the welcome improvement in job quality, little has changed in the proportion of the employed across the three broad employment types — the self-employed, casual labourers, and regular wage or salaried earners…

via More and better jobs in Bangladesh.