16 Jan '12, 5pm

CSR and Employment: Is There a Connection?

There is much talk about creating jobs today as unemployment inexorably stays high around the world. Two issues immediately follow from such a statement. First, what do we mean by unemployment, and second, why do we need jobs? Many people would say that I am splitting hairs and people need jobs of almost any kind. But, before I move to exploring whether we can expect corporations to resolve the issue of jobs, let's take a quick look at the two questions. What is Unemployment & Why are Jobs Needed? The unemployment rate has a numerator: Number not employed, and a denominator: The labour force. These are both measured by labour force surveys and, the indicator most often cited is the definition provided by the ILO. According to this definition, one can be employed, for instance, even if income is ridiculously low. One cannot be unemployed if one has become discouraged from l...

Full article: http://www.csrwire.com/blog/posts/272-csr-and-employment-...

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