Question

Why are steady, formal jobs—such as many take for granted in rich countries—so scarce in low- and lower-middle-income countries; and what can be done to promote formal job creation?​

Answer 1

Steady, formal jobs are taken for granted in rich countries because there is almost no competition for such jobs in rich countries. However, such jobs are scarce in low- and lower-middle-income countries because there is a lot of competition due to the very high population.

What are steady, formal jobs?

• The jobs that provide long-term job security and let people be in service for 15 or more than 15 years come under the category of steady jobs.
• The job opportunities that provide a properly organized and safe working environment with professionalism being their priority, come under the category of formal jobs.
• Any job that comes under the category of a formal job need not necessarily be steady because even un-steady jobs involve the signing of formal and legal contract papers.

Why are steady, formal jobs taken for granted in rich countries?

• Rich countries like the USA, Russia, etc. have a very little population which makes it very easy for the people to get any job of their choice.
• People get to follow their passion be it in any field because every sort of livelihood provides them a decent salary unlike other middle class and poor countries.
• Luxuries like air conditioners, cars, etc. are necessities for the people living in rich countries which means that their lifestyle does not have the same struggles as the people of lower-middle-class countries face.

Why are steady, formal jobs scarce in low- and lower-middle-income countries?

• There is very high competition in such countries due to the very high population.
• There are millions of people who are not even educated enough to know how many children they should have to bring the population explosion of their countries under control.
• Uneducated people mean an informal working environment which is a major drawback for such people.
• The rest of the population who is well-educated is attracted towards foreign countries for a good lifestyle so, no one is left at the end who can help build the country in any way they can.

What should be done to promote formal job creation?

• Proper Education: The key to creating such an environment where people have the confidence to approach well-renowned affirms for jobs is to educate them properly.
• Creating Jobs: The schools and colleges should emphasize the fact that creating jobs by doing their start-ups is more important for children than finding jobs.
• Work Environment: The companies should ensure that they do not lure their employees to go outside their country for a better job experience or lifestyle. Everyone should be encouraged to take part in the development of their own country.

Hence, steady and formal jobs are an integral part of a brighter future.