Labor Markets: At the Center of the Recovery from the Financial Crisis and World Bank’s Commitment to Poverty Reduction and Growth For many, and in particular the poor, the ability to work is the main asset in developing countries. Work provides individuals with income to meet material needs, reduces social isolation, and provides a sense of dignity and self-worth. Labor markets intermediate the supply and demand for different skills and their functioning determines the level of employment and wages. Labor market policies can contribute to development and poverty reduction by enabling the creation of more and better jobs. In each country, the right combination of labor market regulations and labor market programs should promote employment creation, help workers manage risks and facilitate labor market transitions, while ensuring proper working conditions.  About the World Bank Labor Markets Team
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