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There is another gloomy assessment of the world's jobs market On Tuesday. The International Labour Organisation, the World Bank, and the Organisation for Economic Co-operation and Development (OECD) have produced a labour market update for the G20 employment and labour ministers' meeting in Melbourne.

It highlights "large employment gaps remain in most G20 countries", the grouping of the world's biggest developed and emerging market economies. The authors also say that "the quality of employment remains a concern" and that "the deep global financial and economic crisis and slow recovery in many G20 countries has resulted not only in higher unemployment but also in slow and fragile wage gains for G20 workers." The paper concludes: "Seven years after the onset of the global financial and economic crisis, the economic recovery may be strengthening but remains weak and fragile. The employment challenges across most G20 countries are still very sizeable both in terms of a persistently large jobs gap and low quality of many available jobs."The current growth trajectory, if unchanged, will not create enough quality jobs – giving rise to the risk that the jobs gap will remain substantial, underemployment and informal employment will rise, and sluggish growth in wages and incomes will continue to place downward pressure on consumption, living standards and global aggregate demand. Underlining these challenges is the fact that income inequality continues to widen across the G20 countries. "The G20 commitment to boost GDP by more than 2% by 2018 over and above the baseline projections is certainly a welcome step, although it will be important to ensure that this additional growth is job-rich and inclusive"....Of course the report is gloomy - and if the present way of sharing out work is to persist it can only get gloomier. Automation is creeping through every aspect of our lives, gone way beyond the industries now and the amount of work left for humans dwindles by the day.It pays businesses to get rid of people wherever they can - people are its greatest expense. They are now commodities to be plugged in then cast aside as the profit/loss account dictates. Unless someone thinks up something soon to share out what remains of human work, the whole edifice will collapse. People unemployed? No money to spend? - No one to buy the outpourings of these factories; to buy services etc. No wonder the rich are worried about the "stagnant" economy.