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Delayed Retirement – 34% of workers under 40 believe it is restricting their career opportunities Towers Watson finds

Retirement patterns are changing in the U.S. and in many other countries as well. During the mid-to-late 20th century, labor force participation rates dropped for older workers and rose for younger ones. These trends have recently reversed, especially among men and younger workers. The reversal is expected to continue, according to Towers Watson’s 2013/2014 Global … Continue reading

US – The overall employment ratio in major metro areas was lower in 2013 than in 2007

In 2007, about 79 million of 106 million adults aged 25 to 64 in the nation’s 100 largest metro areas were working, equating to an employment ratio of 74.8 percent (Figure 1). This ratio dipped in 2010 to 72 percent, as 1 million fewer adults were working that year, even though their overall numbers had … Continue reading

Canada – Cumulative earnings varied considerably—both across and within fields of study StatCan finds

A new study that followed men and women over two decades found that . Using longitudinal tax data linked to 1991 Census data, the study tracked individuals from 1991, when they were 26 to 35 years old, to 2010, when they were 45 to 54 years old. Individuals were grouped according to their highest level of completed education and major field of study reported in 1991. The labour … Continue reading

Canada – To what extent has employment growth slowed among core-age workers? and other questions

Question: How does employment growth compare with economic growth in the post-recession period?  Question: How does the composition of employment growth in recent years compare with employment gains in the early to mid 2000s? Question: How does employment growth in goods industries compare to service industries? Question: To what extent has the pace of private … Continue reading

Canada – Less wage discrimination for women, aboriginals, and visible minorities in public sector, not higher salaries overall finds the Canadian Centre for Policy Alternatives

Women, aboriginal workers, and visible minority workers experience less wage discrimination in the public sector than in the private sector, says a study released today by the Canadian Centre for Policy Alternatives (CCPA). The study compares the wages of full-time public and private sector workers and finds significant gaps in the wages of women, aboriginal … Continue reading

Child Poverty around the World – Up in more than half of developed world since 2008 Unicef finds

Unicef report finds number of children entering poverty during global recession is 2.6 million greater than number lifted out of it. Child poverty has increased in 23 countries in the developed world since the start of the global recession in 2008, potentially trapping a generation in a life of material deprivation and reduced prospects. A … Continue reading

Well-Being since 1820 – An OECD study

How was life in 1820, and how has it improved since then? What are the long-term trends in global well-being? Views on social progress since the Industrial Revolution are largely based on historical national accounting in the tradition of Kuznets and Maddison. But trends in real GDP per capita may not fully re­flect changes in … Continue reading

Canada – The top-ranked entrepreneurial communities in 2014

Historically, and for a variety of reasons, CFIB has found entrepreneurial characteristics to be strongest in Canada’s prairie cities and the urban areas that ring large urban cores. What they have in common is ‘newness’—the prairie economies have only been developed in the past 150 years or so. Only a few generations separate today’s urban … Continue reading

US – Female self-employment shows positive shift in opportunities finds BLS

New trends in female self-employment suggest a positive shift in opportunities for women, especially for those who differ from the “typical” self-employed women of the past. For instance, the percentage of female minorities in self-employment doubled from 1993 to 2012, and more divorced women and women without young children have become self-employed. Earnings trends have … Continue reading

The Knowledge-Intensive Services Industries US – 18 Million jobs and high wages

The commercial knowledge and technology-intensive (KTI) industries play a big role in the U.S. economy. The larger component of KTI industries—the knowledge-intensive (KI) services industries—employed 18 million workers and produced 22% of U.S. gross domestic product (GDP) in 2012. The smaller component—the high technology (HT) manufacturing industries—employed 2 million workers and produced 2% of GDP … Continue reading

US – The middle class is in trouble

The American middle class is in trouble. The middle-class share of national income has fallen, middle-class wages are stagnant, and the middle class in the United States is no longer the world’s wealthiest. But income is only one side of the story. The cost of being in the middle class—and of maintaining a middle-class standard … Continue reading

United Arab Emirates – Migrant domestic workers trapped, exploited, abused says Human Rights Watch

Migrant domestic workers in the United Arab Emirates (UAE) are beaten, exploited, and trapped in forced labor situations, Human Rights Watch said in a report released today. The UAE government, about to take up an influential new role in the International Labour Organization (ILO), has failed to adequately protect female domestic workers – many of … Continue reading

Minimum Wage in US – Raising the federal minimum would save safety net programs billions

This issue brief examines the use of public assistance programs by low-wage workers and assesses how raising the federal minimum wage to $10.10 over three years—as proposed by the Fair Minimum Wage Act of 2014, a bill introduced by Sen. Tom Harkin (D-Iowa) and Rep. George Miller (D-Calif.)—could affect utilization rates, benefit amounts, and government … Continue reading

People and Households Without a Private Pension in Great Britain: 45% of men and 49% of women

Key points For those below retirement age, 45% of men and 49% of women in Great Britain did not have any private pension savings in 2010-2012. 95% of men and women working in Accommodation and food service industries did not pay into a private pension in the UK in 2012. In ‘Public administration, defence and … Continue reading

UK Chief Medical Officer’s report: 70 million working days lost to mental illness last year and £70 to £100 billion cost to the economy

Chief Medical Officer’s report: the rising number of working days lost to mental illness creates personal suffering and costs the economy. The rising number of working days lost to mental illness creates huge personal suffering and huge costs to the economy. We need to do more to help people with mental illness stay in work, … Continue reading

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