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  • Expression
    6 months ago
    by zritic
    +4 +1

    The Death of the 9-5

    Machines powered by self-learning algorithms and internet connections are displacing humans from all kinds of jobs, from driving to legal discovery to acting in movies. Will there be any work left for us to do? Economics says yes. Will it be awful or will it be nice? That is up to us.

  • Analysis
    5 months ago
    by jedlicka
    +8 +1

    Pay rises faster for top 1% of earners in developed world – report

    Pay is rising much faster for the top 1% of earners compared with those on average salaries in the richest countries, according to a report calling on governments to do more to tackle “wageless growth” since the financial crisis. Despite more people being in work than at any time since the onset of the banking crisis a decade ago, the Organisation for Economic Co-operation and Development said wage growth was still “missing in action” across the 35 countries represented by the Paris-based group of wealthy nations.

  • Current Event
    5 months ago
    by distant
    +10 +1

    The economy has slowed to a standstill, largely because of Brexit

    FOR some time Britain’s vote in June 2016 to leave the European Union appeared to be having little economic impact. Sterling slumped but GDP growth in the second half of 2016 was faster than in the first. Unemployment fell, rather than jumping, as most economists had feared. Yet the notion that the economy would escape Brexit uncertainty was always fantastical. Britain’s economy has gone from a leader to a laggard internationally, as GDP growth has slowed sharply (see chart).

  • Current Event
    5 months ago
    by geoleo
    +7 +1

    China pledges US$23 billion in loans and aid to Arab states

    Free-trade deals are also on the cards, as President Xi Jinping tells forum Beijing wants to ‘become the keeper of peace and stability’ in the region. Beijing will also further explore the possibility of free-trade deals with each of the 22 states in the Arab League, as Xi reiterated commitments to globalisation at a time when China is locked in a trade battle with the US. China and the Arab League – a regional bloc of states in and around North Africa, the Horn of Africa and Arabia – agreed to upgrade their bilateral ties to form a “strategic partnership of comprehensive cooperation...

  • Current Event
    3 months ago
    by aj0690
    +16 +1

    Higher minimum wage will boost economy of cities

    A small rise in the minimum wage in Britain’s main city regions would encourage employers to deploy workers more productively and help boost local economies by more than £1bn, says a thinktank. According to the study, by the Smith Institute, employers need the spur of a higher minimum wage to shake them out of a spiral of low productivity and low growth that depresses company revenues and has trapped about 2 million workers on the current minimum wage of £7.38 an hour...

  • Current Event
    3 months ago
    by ppp
    +12 +1

    Canada is selling fewer armoured vehicles to the Saudis than it planned

    A Canadian defence contractor will be selling fewer armoured vehicles to Saudi Arabia than originally planned, according to new documents obtained by CBC News. That could be a mixed blessing in light of the ongoing diplomatic dispute between the two countries, say human rights groups and a defence analyst.