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ILO News- The number of middle class workers in the developing world has risen sharply during the past decade, potentially creating a much-needed boost to future growth and consumption in these economies. New figures in the ILO’s Global Employment Trends 2013 show that 42% of workers in developing countries – nearly 1.1 billion workers – […]
Continue reading …By RICK BELL, workforce.com– Since the financial meltdown hit and my retirement investments largely were blown to bits, I joke with my kids that they’d better buy a house on a big enough plot of land for me to comfortably locate my future digs. Nothing fancy, I tell them; enough room in the backyard for […]
Continue reading …ILO News– The gap between women’s and men’s pay has declined over the crisis years in most countries, but not always for the right reasons, according to the International Labour Organization’s Global Wage Report 2012/13. In some cases, this is because men’s situation in the labor market has deteriorated while women’s situation has improved or stayed […]
Continue reading …ILO News– The International Labour Organization (ILO) has called on its 185 member states to adopt minimum wages as a way of reducing working poverty and providing social protection for vulnerable employees. “Minimum wages help protect low-paid workers and prevent a fall in their purchasing power, which in turn hurts domestic demand and the economic […]
Continue reading …ILO News– At least 52 million people around the world – mainly women – are employed as domestic workers, according to the first research of its kind conducted by the International Labor Organization. They account for 7.5% of women’s wage employment worldwide and a far greater share in some regions, particularly Asia and the Pacific […]
Continue reading …By DAVID HEATH, Center for Public Integrity— Controversial payday lenders that claim to be owned by Indian tribes and offer payday loans over the Internet have agreed to stop practices that federal authorities say deceive borrowers and violate federal laws. The agreement, filed in federal court, could save borrowers hundreds of dollars on each payday loan. […]
Continue reading …ILO News– Workers’ share of national income has been shrinking in most countries, causing public dissatisfaction and increasing the risk of social unrest, the International Labour Organization (ILO) has said in a new report. “It has affected perceptions of what is fair, particularly given the huge payments some company executives have been getting,” said Patrick Belser, […]
Continue reading …ILO News– Wage growth remains far below pre-financial crisis levels globally and has fallen into the red in developed countries, despite continuing increases in emerging economies, according to an International Labour Organization (ILO) report. Global monthly wages* grew by 1.2% in 2011, down from 3% in 2007 and 2.1% in 2010, the Global Wage Report 2012/13 says. […]
Continue reading …By Richard Fry, Pew Research Center— Nearly one out of five (19%) of U.S. households owed student loan debt in 2010. That’s more than double the share two decades earlier and a significant rise from the 15% that owed such debt in 2007, just prior to the start of the Great Recession, according to a […]
Continue reading …How well is the American economy providing acceptable growth in living standards and income for most households? Economic Policy Institute’s The State of Working America, 12th Edition looks broadly at available data and concludes that the answer is simply “not well at all.” This is not because the economy has failed to grow, on average. […]
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