How Labor Has Impacted The Global Market And Economy | |
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“Labour was the first price, the original purchase-money that was paid for all things. It was not by gold or by silver, but by labor, that all wealth of the world was originally purchased.”
~ Adam Smith
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The Interplay Of Labour And The Global Economy
By Marion Olang, WE In The World
The interdependence between labor and the global economy is a dynamic and multifaceted one, shaped by historical, technological, social, and economic factors. Ranging from production and consumption to income distribution and societal well-being, labor shapes economic outcomes. In turn, economic conditions impact the nature and quality of labor. As an essential factor of production alongside capital and land, the interaction between labor, technology, policy, and global trends continues to shape the ever-evolving economic landscape: influencing income distribution, economic growth, technological advancement, trade patterns, and social welfare. This intricate interplay underscores the necessity for international cooperation and has been a defining feature of human progress, shaping societies, industries, and nations for centuries. Labor generates the wealth that drives economies forward thus, it is vital to strike a balance between the imperatives of economic growth and the well-being of workers, ensuring that the benefits of globalization and technological progress are shared equitably. This issue dives into the recent trends in the labor market and impacts thereof on the global economy.
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Assessing The Current State Of The Global Labour Market: Implications For Achieving The Global Goals | |
The article reviews the state of the global labor market in light of the SDGs, exploring the challenges we face as the global economic recovery from the COVID-19 pandemic is being hampered by rising inflation, supply chain disruptions, and the war in Ukraine.
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The Gender Gap In Employment: What's Holding Women Back?
| Around the world, finding a job is much tougher for women than it is for men. When women are employed, they tend to work in low-quality jobs in vulnerable conditions, and there is little improvement forecast in the near future. get the data behind the trends and learn more about the different barriers holding women back from decent work. | |
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The World Economy Is Still In Danger
Falling inflation is good news. But it is too early to hail a “soft landing”
The Economist
Global manufacturing has suffered as consumers came out of lockdowns and began eating out more and buying less home-office equipment. And, although America grew strongly in the first half of the year, most forecasters expect the economy soon to slow.
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Must-Listen Conversations For You! | |
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Understanding The Skills Gap And The Sustainability Gap - And What Employers Can Do About It
Hiring and retaining skilled workers is getting more difficult because new graduates are not prepared for current jobs. At the same time, achieving sustainable development among big and small businesses globally can sometimes be seen as slow. How can we address this gap?
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Green Jobs: A Solution To Youth Employment And The Climate Crisis?
What exactly are green jobs? And what can young people do to create a sustainable future for themselves?
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The Changing Role of Learning for the Future of Work – Closing the skills gap.
How does the World Bank use learning and knowledge exchange to address extreme poverty, lift the bottom 40% of the population, and address SDG gaps in countries? Let's hear from Sheila Jagannathan, the Head of the World Bank Open Learning Campus.
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U.S. Labor Market Loses Steam As Job Openings, Resignations Decline
Data released Tuesday showed the number of people quitting their jobs fell to levels not seen since 2021, indicating Americans are less confident in the labor market.
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The Job Openings and Labor Turnover Survey, or JOLTS report, from the Labor Department on Tuesday also showed the number of people quitting their jobs dropped to levels last seen in early 2021, indicating that Americans were becoming less confident in the labor market. | |
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New Study Indicates The US Wage Gap Between Black And White Men May Be Bigger Than Previously Understood.
By Clark Merrefield | August 25, 2023 |
| “The central argument is this: Blacks who are receiving incomes may well be moving closer to whites who are also receiving incomes,” Darity wrote in his 1980 paper, “Illusions of Black Economic Progress,” also published in The Review of Black Political Economy. “Nevertheless, if the proportion of Blacks who receive no income is consistently larger than the proportion among whites, racial inequality measured by the ratio of per capita incomes may not reveal the same evidence of approaching parity.” | |  |
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US Job Openings Fall Below 9 Million For The First Time Since March 2021
By Alicia Wallace, CNN
Updated 12:14 PM EDT, Tue August 29, 2023
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Job openings fell to a seasonally adjusted 8.827 million in July, from 9.165 million in June, according to the BLS’ Job Openings and Labor Turnover Survey report. It’s the lowest number of total openings since March 2021, and there are now 1.5 available jobs for every unemployed person.
That’s good news for the Federal Reserve, which has been hoping for more slack in the labor market in its battle to bring down inflation.
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"...Even if time were not an issue, who will pay for lifelong learning? That’s the eternal debate."
Aeon Magazine
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The Examined Life
Students are working harder than ever to pass tests, but schools allow no time for true learning in the Socratic tradition.
Far from being open spaces for free enquiry, the classroom of today resembles a military training ground, where students are drilled to produce perfect answers to potential examination questions.
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Make-Ahead Breakfast Recipes For Busy School Mornings | Meal prep breakfast ideas can feel a little overwhelming, but with these make-ahead breakfast recipes, you don’t have to worry about trying to prep a bunch of meals that your kid’s going to turn their nose up at | |
Dealing With After-School Restraint Collapse | Does your child come home and act out or have some big emotions on display? Don't fret, it's a normal reaction to the enormous toll that classroom rules and standards take on them. Be their safe space! | |
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Right-To-Work Resources
This webpage provides information about right-to-work laws, under which states have the authority to determine whether workers can be required to join a labor union to get or keep a job. The webpage includes a chart on Right-to-Work States, legislative actions regarding these laws, and additional resources.
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IP3 ASSESS Feature Spotlight | |
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Leonard-Litz LGBTQ Foundation: LGBTQ+ Community Grants (New Hampshire)
Type: Foundation
Due Date: Rolling
Match Required: No Cost Share
Overview: The purpose of this program is to help LGBTQ+ people fulfill their potential by funding nonprofit organizations that advance the interests and well-being of the LGBTQ+ community through advocacy and with programs and services that meet the needs of LGBTQ+ people. Funding will be provided for life-affirming services that address one or more of the following focus areas:
- Health and wellness
- Crisis intervention
- Racial justice
- Advocacy and community engagement
- Social assistance and programming
Huntington National Bank: Charitable Grant Program (Wisconsin)
Type: Foundation
Due Date: Rolling
Match Required: No Cost Share
Overview: The purpose of this program is to contribute to the development of healthy, vibrant communities. Funding will support projects that improve self-sufficiency and quality of life, as well as advance social and economic equality, in communities served by the funding agency.
Support will be provided for projects in the following focus areas:
- Community revitalization and stabilization
- Community services
- Affordable housing
- Economic and community development
- Racial/social equity
National Indian Health Board
Type: Foundation
Due Date: September 29th, 2023
Match Required: No Cost Share
Overview: The National Indian Health Board (NIHB) is now accepting applications for a funding opportunity for emergency mitigation planning. NIHB is offering funding for federally recognized American Indian and Alaska Native Tribes and Tribal organizations to conduct local work related to Tribal climate resiliency.
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