The rise of unemployment worldwide has reached unparalleled dimensions. In 1999, 700 million were affected. The neoliberal economic theory promotes the prosperity of the rich, not society as a whole. Profit maximization is often the only objective. The market is assumed to be a job-creator even though more jobs are eliminated than created through digitaliztion and info-technology.
The supply of work was so meager that a stable employment of everyone could only be secured by introducing a 22-hour week or lowering the initial pension age to 38. Countervailing measures to the globalization of poverty include reducing working hours.