A Closer Look

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Canada’s Express Entry – A slow start

After the first five months it’s clear the new PR process has missed the mark on all three of its goals. Worse, the new program has created some unintended consequences.  First, the application system is restrictive and leaves little room for discretion. With only an e-mail address for inquiries, no one is available to talk … Continue reading

Saved for Retirement – How Much ?

This analysis helps answer one of the most important questions that many defined contribution participants face before retirement: How much do I need to save each year for a “successful” retirement? It includes three of the major post-retirement risks (longevity, investment, and long-term care) while allowing the participant to also choose the probability of “success” … Continue reading

The Aging Emerging Economies

Population aging is often cited as a major economic challenge for the developed world. But a new report from the McKinsey Global Institute (MGI) shows that shifting demographics pose an even greater threat to the growth prospects of many emerging economies.  Over the last 50 years, the world’s 1.6% annual population growth fueled a surging … Continue reading

US – Drinking and drug jobs

Drug abuse — including and especially alcohol abuse — costs the U.S. economy billions of dollars in lost productivity each year. New government data released this month can now tell us exactly which industries’ employees drink the most, which do the most drugs, and where employees are most likely not just to use drugs, but abuse them. … Continue reading

Four global forces rewriting the world economy’s operating system

The world economy’s operating system is being rewritten. In this exclusive excerpt from the new book No Ordinary Disruption, its authors explain the trends reshaping the world and why leaders must adjust to a new reality. Together, these four fundamental disruptive trends are producing monumental change. 1. Beyond Shanghai: The age of urbanization The first … Continue reading

US – Business owners are older and Minorities and Hispanics are more likely to be an employee than own a business.

This issue brief examines business owner demographic characteristics in 2013 and compares these characteristics to those of employees in the U.S. economy. Minorities and Hispanics are more likely to be an employee than own a business. Minority and Hispanic business owners made up less than 15 percent of all U.S. business owners in 2013. Asian … Continue reading

China – Increasing numbers of foreigners are making their way in

China’s place in the global migration order has been transformed by three decades of rapid economic development. Policies to reform and open the country initiated in 1978 accelerated Chinese emigration and internal migration towards the industrialized coast. While these flows remain important, another trend has gained momentum: Increasing numbers of foreigners are making their way … Continue reading

What’s going on in the global job market for the mining industry?

Economists estimated that there would be around 245,000 jobs added to the U.S. market, however recent tabulations from the March report indicated that their predictions were too optimistic. Only 126,000 jobs were added last month, and while most industries did their part to offer more employment opportunities, the mining industry had to make further cuts. … Continue reading

US – 44 percent reported participating in some informal paid work during 2011–2013

“Informal” work refers to temporary or occasional side jobs from which earnings are presumably not reported in full to the Internal Revenue Service and which typically do not constitute a dominant or complete source of income. Perhaps the most important reason for undertaking informal work is to offset negative income and employment shocks, such as … Continue reading

Ignore economists at your peril – The case of the Internet economy

Forget about equations and forecasts. Powerful economic concepts have given rise to companies and transformed industries. Ignore economists at your peril.  As business leaders seek to stay ahead of the curve, they should ensure that somewhere in their range of view are the ideas of economists. Not forecasts or models or the dry parade of … Continue reading

US Demographics – The “diversity explosion”

Brookings Senior Fellow William Frey estimates that by the year 2044 whites will no longer be a majority in the U.S. In his book, “Diversity Explosion,” Frey highlights that this demographic shift will have a profound impact on U.S. society, politics, and economics. In the latest Brookings Essay, former Brookings Fellow Jennifer Bradley tackles whether … Continue reading

The Global Talent War – US is far behind Business Roundtable finds

Most Americans agree that the future of the U.S. economy depends on the ability of its businesses to compete globally. One of the key factors that allow U.S. employers to grow their businesses and create new jobs is their ability to recruit and retain talent from other countries. How well does the current U.S. employment-based … Continue reading

Middle Class in US – A map of the shrinking

The struggles of middle-class American families and growing income inequality have risen to the top of the national agenda. A new Stateline analysis shows that in all 50 states, the percentage of “middle-class” households—those making between 67 percent and 200 percent of the state’s median income—shrunk between 2000 and 2013. The change occurred even as … Continue reading

Immigration in Canada – Express Entry: two months into the launch

We are two months into the launch of Citizenship and Immigration Canada’s (“CIC”) Express Entry system for managing certain applications for permanent residence. The new system has come under serious fire and there is pressure on the government from the Canadian Bar Association and affected stakeholders to change the way the system works and impacts … Continue reading

Workers’ Compensation in US – Since 2003, legislators in 33 states have passed laws that reduce benefits or make it more difficult to qualify

Over the past decade, state after state has been dismantling America’s workers’ comp system with disastrous consequences for many of the hundreds of thousands of people who suffer serious injuries at work each year, a ProPublica and NPR investigation has found. The cutbacks have been so drastic in some places that they virtually guarantee injured … Continue reading

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