G20 puts forward menu of public policies to tackle challenges posed by the future of work
Including over 80 examples of initiatives already in place, the document acknowledges the need to support people with technological transitions.
Over the course of the Third G20 Meeting of Finance Ministers and Central Bank Governors, world finance and economic leaders endorsed an authoritative and comprehensive menu of policy options on the future of work, one of the priorities of the Argentine G20 presidency this year.
The policy document contains 80 proposals relating to tax systems, public expenditure, competition conditions and data measurement, that seek to harness the opportunities and tackle the challenges posed by technological transitions. It acknowledges that G20 member countries are already taking actions to address these issues, and provides 68 examples of policies already being carried out by different countries.
The menu is framed around four overarching objectives – harness the benefits of technology for growth and productivity, support people during transitions, secure sustainable tax systems and ensure the best possible evidence to inform decision-making.
Ensuring gender perspectives are considered in the way policies are elaborated, the document invites countries to “consider policies to support more women participation in STEM education, research, innovation, industries and entrepreneurship.”
The menu also points to the need to balance maternity and work: “Policies could be considered to facilitate women’s participation in the labour force, by improving access to quality child-care services or reducing disincentives in some tax systems for second earners to work.”
This is the first time the future of work has been comprehensively addressed by G20 finance ministers and central bank governors. The document was given impetus by the Argentine G20 presidency, drafted with the support of international organizations such as the World Bank, the International Monetary Fund and the International Labour Organization, and endorsed by all G20 member countries.