To Help the World's Poor, Give Them Real Jobs

The latest U.S. jobs numbers showed a U.S. unemployment rate still at 7.6 percent. The official global unemployment rate, compiled by the International Labor Organization (ILO), is around 6 percent

But that statistic is deeply misleading. Unemployment is, by and large, a luxury of rich countries.

Billions of people across the world are stuck working long hours in subsistence farming, hawking, or other informal occupations, desperate for a job that provides a weekly wage packet.

Read more... Solving this underemployment problem is the biggest key to the challenge of economic development worldwide.