In The News

Adair Turner October 3, 2017
Too many leaders of emerging economies are counting on sizable numbers of young adults to become consumers and fuel growth. But technological advancements could contribute to high rates of unemployment. The term “demographic dividend” is misunderstood, explains Adair Turner for Project Syndicate. “The term was originally used to describe a transition in which countries enjoyed both a one-off...
Adela Suliman September 14, 2017
The EcoVadis Global Corporate Social Responsibility Risk and Performance Index evaluated corporate social responsibility efforts of more than 20,000 companies and found that human trafficking and forced labor are common in global industries where minimal skills are required, reports Adela Suliman for Thomson Reuters Foundation. The good news is that companies are pursuing transparency and audits...
August 25, 2017
Technology, culture and globalization are influencing the global labor market, and Economics Wire identifies three trends. First, the internet is connecting more work equipment. More people work from home and other remote locations. Researchers are quickly developing robots and artificial intelligence, putting any task performed by humans under threat. Second, the workday is shrinking – which...
Luo Ruiyao, Li Rongde and Zhang Congzhi August 11, 2017
The Philippine Statistics Authority reports that about 2.4 million women left the nation to work as domestic help in Saudi Arabia, Hong Kong and elsewhere. China may be the next stop for Filipina staff who provide elder and child care, as officials from the Philippines report negotiations are underway to organize work programs in five Chinese cities. “If it happens, it would mark a huge change in...
Matthew Bremner August 8, 2017
The number of active Scottish fishermen has halved in the past half century, and the industry blames the European Union and ideals of free movement of labor and capital. Accordingly, “while 60 percent of Scotland’s population voted ‘Remain’ in last year’s Brexit referendum, more than 90 percent of its fishermen did the opposite,” reports Matthew Bremner. The EU treats the North Sea, like all...
Louis Nelson July 21, 2017
The US departments of Homeland Security and Labor have announced that they will issue up to 15,000 additional H-2B visas for temporary, non-agricultural workers this year. Secretary of Homeland Security John Kelly explained the decision to increase the Congressionally-approved cap of 66,000 H-2B visas per year as a supply-and-demand problem: “there are not enough qualified and willing US workers...
Nell Walker June 30, 2017
Refugees, by the UN definition, are forced to leave their homes due to persecution, war or violence, and they try to start new lives in foreign lands. The world has 21 million refugees, and Starbucks is pitching in to contribute stability to their lives and their new communities by hiring 10,000 globally, including 2,500 in Europe, over the next five years. “The plan going into motion coincides...

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