A Closer Look

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Future of Work – The challenge is not that they create too few jobs, but rather that too few workers have the skills

The challenge that all new technologies pose is not that they create too few jobs, but rather that too few workers have the skills to fill them. Just as some jobs benefit from the new technologies, while others become obsolete, so, too, some skills become more valuable, while others are substitutable. The automobile boosted the … Continue reading

Economics – The big story over the last decade

Low interest rates have left the Fed backed into a corner David Wessel One of the biggest economic stories of the 2010s is interest rates and how low they are.  At the beginning of the decade, the Congressional Budget Office forecast that the yield on 10-year Treasury bonds would average around 5% during the 2010s. … Continue reading

Two Recessions and Recoveries in US – The trajectories side-by-side

The Great Recession of 2007-2009 was one of the deepest downturns of the U.S. economy since World War II. Triggered by crises in the housing and financial markets, the recession evokes memories of homes in foreclosure, the collapse of Lehman Brothers, and bailouts for businesses in the auto, banking and financial sectors. The subsequent expansion began … Continue reading

Skills in US – Talent is America’s most precious resource

In his recent book, The Gift of Global Talent, Harvard economist William R. Kerr argues that talent is the world’s most precious resource. Across America’s network of regional economies, this is undoubtedly true. The collective knowledge and capabilities of the U.S. workforce is worth an estimated $240 trillion—four times more valuable than the country’s physical … Continue reading

Apprenticeships in UK – A steady rise in the number of starts at higher-education

The DfE publication included final figures on the number and type of apprenticeships that were started over the 2018/19 academic year. It confirmed one trend that we have continuously identified: the fall in apprenticeship starts at Level 2, and the steady rise in the number of starts at higher-education (Level 4+) levels, as the chart … Continue reading

Future of work – How it sidelines worker voices

This blind spot that exists toward these vulnerable workers reflects in part the long-run erosion of worker power and the precipitous decline in the reach of unions, rising inequality, the fissuring of the workplace, and the impact of globalization and technology on the “hollowing out” of the job market. Many workers who hold jobs most … Continue reading

Future of Work – 18 to 34 hold almost 40% of the US jobs that could disappear in the next decade

With each passing year, parents are getting more worried about how their children will fare once it’s time to take that step from school to the workforce. They have good reason to fret. Some 17 million Americans under age 30—about one third of the under-30 population—are saddled with student debt. Many are worried about their … Continue reading

Skills Shortages in UK – The talent already in short supply will be in even greater demand by 2030

Profound structural shifts are under way in the UK workforce. Here’s how companies can prepare to meet the challenge and nurture the skills and talent that will help them stay competitive. The adoption of automation, along with technologies such as artificial intelligence (AI) and the Internet of Things, is likely to unleash profound structural shifts in … Continue reading

Unemployment in US – Let’s talk stats, facts, causes and more

Guess post by Max Chekalov, whattobecome.com – The unemployment rates of the world population are fairly low, especially if we consider the leading countries. However, even these economies constantly take vast measures in terms of preventing this uncalled-for phenomenon that troubles millions of people worldwide. The number of people on our planet is changing by billions at … Continue reading

Automation in US – The differing impact on men and women’s work

Advances in automation and digital technologies are undoubtedly changing the nature of work. Technology creates jobs, often in unpredictable ways, but it also displaces jobs. Some of the routine tasks that make up jobs can now be automated, making some occupations obsolete and displacing workers. Workers affected by technological change can find work in alternative … Continue reading

ICT Technicians in EU – 1.9 million employees (2017), 46% in ICT services and 54% in rest of economy

ICT technicians support the design, development, installation, operation, testing, and problem-solving of hardware and software. This mid-level occupation is predominantly male; women represent only 17% of its employment. Some 1.9 million people were working as ICT technicians in the EU in 2017, 200 000 more than in 2006. Demand growth has slowed, though. Advancements in … Continue reading

Wages in US – What is really happening ?

Over the past 12 months, average hourly wages rose 3.2 percent, according to the latest jobs report from the Bureau of Labor Statistics. But the longer-term story is contested. Many analysts and commentators lament the situation of stagnating wages, while others celebrate wage growth. To take just two of hundreds of examples, our colleagues in … Continue reading

The Transition to Post-Military Employment in US – A majority of veterans say their military service was useful in giving them the skills and training

For many veterans, finding a job after leaving the military is an important part of the transition to civilian life. A majority of veterans say their military service was useful in giving them the skills and training they needed for a job outside the military – 29% say it was very useful and another 29% … Continue reading

Work Futures – Disruptive automation is the number one cause

Economics is driving changes in work practices and productivity pushed forward by growing use of artificial intelligence, demographic changes and business model changes. Disruptive automation is the number one cause of this dramatic shift especially since technology engaged and enabled Millennials, will be the majority in the global workforce very soon. Chosen excerpts by Job … Continue reading

Job Creation – A dearth of good jobs does not mean that the labor market is the problem

Governments are right to focus on creating more good jobs, because work is the source of most people’s livelihood in every society. But in the majority of cases, the solution lies in policy areas that are not amenable to tools wielded by ministers of labor or education. Just because a tire is flat at the … Continue reading

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