Tenth, there is often a concern about jobless growth, but in reality it is necessary to distinguish between lack-lustre growth in employment in the organised sector and expansion and intensification of employment in the unorganised sector. By way of illustration, thirty years ago, eighty per cent of engineers or doctors moved into the organised sector, while now, sixty to seventy per cent are selfemployed.
Over the decades of crisis and bailouts there is considerable evidence of increasing levels of banking risk, which includes the long-term declining trend in bank capital and liquidity ratios, higher and much more variable returns on bank equity in recent years, and a link between higher leverage and the expansion in trading assets among large organizations.