Joblessness

CREATING MILLIONS OF GOOD JOBS

Many eligible workers are unable to find reliable vocations or are chronically underemployed due to the lack of options in their communities. What can be done?

14 million jobs will be eliminated over the next 5 years.

A recent report from the World Economic Forum forecast job growth of 69 million jobs and a decline of 83 million jobs over the next five years, a shortfall of 14 million jobs.

Unemployment is costly for many households, and the adverse effects are probably worse for those unemployed for an extended period. In addition to its immediate and lasting effects on earnings and family finances, unemployment is also correlated with deteriorating mental and physical health and with increased mortality.

According to Drexel University and the University of Michigan in Ann Arbor, job loss is associated with a 73% increase in the probability of death—the equivalent of adding 10 years to a person’s age.

The compounding effects of joblessness lead to worse schooling outcomes for children and, ultimately, to worse labor market outcomes for those children once they become adults.

What does a faithful Christian response look like? How can entrepreneurs, investors, and pastors serve creatively in this moment? 

“Whatever you do, work heartily, as for the Lord and not for men, knowing that from the Lord you will receive the inheritance as your reward. You are serving the Lord Christ.” Colossians 3:23-24

Ron Ishak’s Hactiv8 is creating opportunities for the poor in Indonesia.

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