Job Market Monitor
Michel Cournoyer
US Trade with China – It costs 3.4 million US jobs between 2001 and 2017
Each $1 billion in exports to another country from the United States supports some American jobs. However, each $1 billion in imports from another country leads to job loss—by eliminating existing jobs and preventing new job creation—as imports displace goods that otherwise would have been made in the United States by domestic workers.3 The net … Continue reading
Global Extreme Poverty – Decline continues but has slowed
Fewer people are living in extreme poverty around the world, but the decline in poverty rates has slowed, raising concerns about achieving the goal of ending poverty by 2030 and pointing to the need for increased pro-poor investments, the World Bank finds. The percentage of people living in extreme poverty globally fell to a new … Continue reading
Mobility in US – 61% of $100K+ earners would not move out of state for extra $10K in salary
61% of $100K+ earners would not move out of state for extra $10K in salary–a stat that underlines what recruiters are up against in this hiring market. Drawing from more than 6 million survey responses from our members, Ladders’ second “Beyond the Resume” report examines how top talent feels about commute times and relocation, including … Continue reading
Minimum Wage Increases in Seattles – The increase from $9.47 to $13 per hour raised earnings by an average of $8-$12 per week
Using administrative employment data from the state of Washington, we use short-duration longitudinal panels to study the impact of Seattle’s minimum wage ordinance on individuals employed in low-wage jobs immediately before a wage increase. We draw counterfactual observations using nearest-neighbor matching and derive effect estimates by comparing the “treated” cohort to a placebo cohort drawn … Continue reading
Immigration in US – Some basic facts
In 2017 immigrants made up nearly 14 percent of the U.S. population, a sharp increase from historically low rates of the 1960s and 1970s, but a level commonly reached in the 19th century. Given native-born Americans’ relatively low birth rates, immigrants and their children now provide essentially all the net prime-age population growth in the United … Continue reading
Youth Guarantee in New Zealand – Effective in keeping more young people in education and engaging young NEETs
Youth Guarantee Fees-Free places were implemented in 2010, as the first part of the Youth Guarantee policy. The Youth Guarantee policy provides opportunities for young people to achieve education success, and progress into further education, training and employment. It supports schools, tertiary education organisations and employers to work together. Youth Guarantee Fees-Free provides full-time, fees-free … Continue reading
The Future of Work – Organizations need to develop skills in employees that make them more marketable and employable inside and outside the organization
Structural changes in the labor market, including an aging population and the rise of the gig economy, have created a persistent skills gap for employers. This mismatch in talent has become a top challenge for businesses, educators, and policy makers. Businesses understand that a predictable supply of workers is critical to their growth and viability. … Continue reading
Basic Secondary-Level Skills in Low-Income Countries – Only one out of 10 young people will be on track to gain them
Young people in developing countries will face the greatest challenges in the years ahead. In the past, many developing economies achieved growth by moving farm workers into factories. In the future, new growth models will need to be found, but these will require higher levels of skills than many economies are currently set to offer. … Continue reading
Teacher Performance Pay in US – Each year of exposure increases the likelihood of graduation from high school by 1 percentage point
Approximately all public school teachers are paid according to a salary schedule that dif- ferentiates pay by experience, seniority, and credentials, but not generally by observed performance. Education reformers have long viewed this as problematic for two reasons. First, the classroom environment presents a classic case of moral hazard: it is difficult for a principal … Continue reading
Apprenticeship and VET in Sweden – The overall level of company participation in apprenticeships is low
The Swedish VET system offers 12 national vocational programmes that aim at preparing students for the labour market and can be pursued through two different modes of delivery: the school-based scheme (skolförlagd utbildning) that includes compulsory in-company training, or apprenticeship education (lärlingsutbildning). The school-based and the apprenticeship schemes lead to the same vocational diploma (yrkesexamen) … Continue reading
The Global Competitiveness Index (GCI) – The 2017-2018 ranking
The Global Competitiveness Index (GCI) tracks the performance of close to 140 countries on 12 pillars of competitiveness. It assesses the factors and institutions identified by empirical and theoretical research as determining improvements in productivity, which in turn is the main determinant of long-term growth and an essential factor in economic growth and prosperity. The … Continue reading
Refugees – The economic and fiscal effects of granting formal labor market access
Refugees can be immense economic contributors to the host communities where they settle. However, to maximize their contributions and achieve improved well-being and self-reliance, refugees need formal labor market access. But this access is often limited, especially in developing countries. Even where the law allows refugees to access formal employment, administrative and practical barriers often limit … Continue reading
UE – 112,9 millions de personnes, soit 22,5% de la population sont menacées de pauvreté ou d’exclusion sociale
En 2017, 112,9 millions de personnes, soit 22,5% de la population, dans l’Union européenne (UE) étaient menacées de pauvreté ou d’exclusion sociale. Cela signifie que ces personnes étaient affectées par au moins une des trois conditions suivantes: en risque de pauvreté après transferts sociaux (pauvreté monétaire), en situation de privation matérielle sévère ou vivant dans … Continue reading
Immigrant Integration and Social Cohesion – Applying Behavioral Insights
Policymakers are looking for ways to help newcomers settle in quickly and bridge social divides by fostering connections among diverse groups, both because immigration is increasing and because of concerns over anti- immigrant sentiment. Among the most promising new tools to reinvigorate integration policy is behavioural insights, an interdisciplinary, evidence-based approach that draws on ndings … Continue reading
Artificial Intelligence – Creating both fear and hope among workers
What will be the effects of artificial intelligence on the workplace? Our survey respondents expect AI will have a large impact on the skills employees will need on the job. At the same time, they remain cautiously optimistic about AI’s overall effect on the workforce. Another year of AI experimentation and learning has left opinions … Continue reading
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