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US urged to spend more on infrastructure (ARTICLE & VIDEO)

US urged to spend more on infrastructure (ARTICLE & VIDEO)

ABC News
BADEN-BADEN, Germany — Mar 17, 2017, 11:08 AM ET

Governments need to do more to create growth that benefits everyone, and the U.S. should spend more on roads, highways, bridges and airports, the Organization for Economic Cooperation and Development said Friday.

The body, which includes the world's better-off countries, said in a report that governments should focus on providing better access to high-quality education and supporting employment for women through measures like affordable child care. It also highlighted the need for more spending on infrastructure.

OECD Secretary-General Angel Gurria called for an "upskilling of the workforce" to address worker anxiety about the future of their jobs amid technological change: "more focus on the type of education and the type of skills that you need that are being demanded by the productive sector, not merely more diplomas."

Gurria told The Associated Press that the aftereffects of the global financial crisis and recession were still being felt, even as unemployment has fallen, and that growth remains substandard.

"Are the benefits of this recovery being shared equally? The answer is no," Gurria said. "There is discontent, and frustration, with modernization, with trade, with digital, with investment regimes... And basically, you have to address it because this fragmentation on the economic side, on the social side, is moving on to the political side." FULL ARTICLE & WATCH VIDEO

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