South Korea has launched a major new policy, the “Youth New Deal,” aimed at tackling rising youth unemployment. Despite overall employment increasing, the proportion of young people (aged 15–29) in work has fallen to 43.5%, […]
Artificial intelligence (AI) is rapidly transforming the banking industry — but not in the way many workers were initially told to expect. Just months ago, major banks reassured employees that AI would support jobs, not […]
In a recent campaign speech, former President Donald Trump pledged to abolish taxes on overtime pay if re-elected. Speaking in Tucson, Arizona, Trump argued that this move would incentivize workers and ease hiring pressures on […]
WeWork, the co-working giant that once boasted a valuation of $47 billion, has filed for Chapter 11 bankruptcy. The company, which has been struggling with a net long-term debt of $2.9 billion and over $13 […]
South Africa is facing a pressing unemployment crisis, with a staggering rate nearing 33%. This alarming figure has prompted the United Nations and other experts to label the situation as a “time bomb” that could […]
Rolls-Royce, the renowned engineering giant, has unveiled plans to cut up to 2,500 jobs worldwide in a bid to create a “more efficient and effective” organization. This decision marks the first significant action by Tufan […]
The UK’s economy is ailing, and this isn’t just a figure of speech. More Britons than ever are out of the workforce due to long-term illness or disability, a historic and lamentable loss of human […]
IBM CEO Arvind Krishna disclosed that the company expects around 7,800 jobs to be replaced by AI within the next five years. This change could affect nearly one-third of IBM’s non-customer-facing roles, which currently involve […]
Artificial intelligence (AI) is becoming a popular coworker in various industries, especially among higher-income employees. A recent survey by automation platform Kizen found that 90% of workers earning at least $100,000 a year use AI […]
A recent survey by the Department of Labor’s Wage and Hour Division revealed that some Southern California garment workers are earning as little as $1.58 per hour in what officials call “sweatshops.” These workers make […]
German workers began a massive strike this week as Europe’s largest economy grapples with soaring inflation. The strikes, which will impact mass transport and airports, are some of the largest in decades and reflect growing […]
After the recent ‘two sessions’ in Beijing, a series of high-level meetings which determine the economic and social policy for the next five years, the Chinese government announced that there will not be a specific […]
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