Tag: liberal

Which are the top sectors that generate employment in India?

Which are the top sectors that generate employment in India?

Since 1990-91, the construction sector added almost as many new non-farm jobs as the next four top job-generating sectors—trade, miscellaneous services, transport and storage, and education—put together. Photo: Reuters New Delhi: India’s liberalization in 1991 was premised on the idea that it would make local industries more competitive, helping them capture world markets, which in turn would enable millions of Indian workers to move away from low-productivity farm jobs to high-productivity factory jobs.

A quarter century later, how far has that dream been realized?

Data from the KLEMS India database on employment and productivity published recently by the Reserve Bank of […]

ADB Raises Asia Growth Rate, Warns of Trade Tension Risks

ADB Raises Asia Growth Rate, Warns of Trade Tension Risks

While some companies have developed robots that can sew clothes, the high cost of these machines means that many garment makers still prefer to expand their workforce in countries such as Bangladesh (picture), Ethiopia and Vietnam. T he Asian Development Bank raised its 2018 economic growth estimate for developing Asia to 6% from 5.8%, citing solid export demand, but said US protectionist measures and any retaliation against them could undermine trade.

Growth in developing Asia would only ease slightly to 5.9% in 2019, the bank said in its 2018 Asian Development Outlook released on Wednesday. Strong external and domestic demand […]

With automation threatening jobs Canada needs to form an action

Cognitive. Robotic Process. “vital role to play in generating keyword recognition” for workforce and makes up more than 25 percent of total global labor costs [3]. unemployment caused by automation and globalisation have been flagged; they are probably exaggerated, but significant upheaval is by: (i) tailoring or adapting them to the new forms of employment; or (ii) decoupling them entirely from . To the 23 Oct 2017 In the Steelcase metal factory, automation has led the company to seek out more highly educated managers, who are now expected to have a college degree, not just a high-school diploma. Enter […]

G7 seeks plan to calm concerned workers

G7 seeks plan to calm concerned workers

OTTAWA — The Canadian ministers hosting a group of G7 counterparts in Montreal have begun crafting cross-border policies that would help and reassure workers caught in the churn of a dramatically evolving labour market.

The most recent estimates provided at the two-day meeting that started Tuesday suggest that up to 15 per cent of jobs in the G7 could disappear because of automation over the next two decades.

Automation is expected to generate demand for both high-skilled and low-skilled occupations, resulting in "a hollowing of the middle" marked by declines in jobs requiring a mid-range level of skill, according to details […]

Future Development Reads: Reconciling the politics with the economics

Future Development Reads: Reconciling the politics with the economics

Editor’s Note:

At the end of each week, one of the rotating editors for Future Development — Shanta Devarajan , Wolfgang Fengler , Indermit Gill , or Homi Kharas —provides recommended literature on a specific development topic.

We live in an era where political debates appear much shriller, and polarized, than economic analysis would predict. A case in point is the effect of trade opening on wage inequality, which, according to economics, could be ambiguous whereas the political rhetoric, especially in rich countries, is that it is always harmful. A recent paper in VoxDev reconciles this difference by […]

Millennials don’t deserve ‘lazy’ label, says author

Millennials don’t deserve ‘lazy’ label, says author

Technology and lifestyle changes beginning to influence the cultural landscape are reflections of millennials adapting to change, says an author and consultant on workplace performance improvement.

Ian MacRae says the narcissist behaviour often associated to millennials is not unique to their generation, and often overshadows the impact the current 15 to 30-year-old age group will have in changing lifestyle and work habits in the years to come.

The jokes that centre around millennials feed off characteristics associated to them such as facing a crushing post-secondary student debt, never being single-family home owners, declining interest in owning a car rather and reliance […]

The Future of Organizations – Essays from GTS 2018

The Future of Organizations – Essays from GTS 2018

The Flexible Future of Organizations

Presenter: Shanthi Flynn, Chief Human Resources Officer, Adecco Group

We live in a dynamic, rapidly changing environment where change is not only persistent, but also accelerating. In fact, it is this constant rate of change that has caused the majority of traditional work infrastructures to begin losing their rigidity, leading to an increasingly unpredictable job landscape. In order to survive in this landscape, therefore, it is vital for both organizations and people to remain flexible and agile, as well as possess the ability to constantly reinvent themselves in an effort to successfully navigate the […]

Five skills everybody will need for the jobs of the future

Five skills everybody will need for the jobs of the future

Work—the very meaning of the word—is undergoing metamorphosis. In a few years’ time, traditional office employees all over will find themselves suddenly working for themselves , working freelance , or perhaps out of work entirely and seeking a new path forward. What’s a person to do? To answer that, the Institute for the Future, a California-based think tank, paired up with the talent-management software company Cornerstone OnDemand to identify certain core traits and attitudes that workers will need in order to prepare for the next wave of “work,” whatever it means and however it comes. Five skills recommended in […]

Gig economy: An empowering trend here to stay or a stumbling block that compromises on labour welfare?

Gig economy: An empowering trend here to stay or a stumbling block that compromises on labour welfare?

We look into the good, bad and ugly of the gig economy, a fast catching trend that promises to revolutionise the Indian economy in the coming decades. Imagine the nature of a job that is flexible, convenient and lets you choose exactly what you want to do from the choicest of options. As utopian as it sounds, jobs as these are a commonplace reality in India, a booming economy that is slowly shifting towards a gig-based economy (also referred to as peer-to-peer economy or shared economy or collaborative economy), a fast catching trend that involves outsourcing of work, project-based […]

How Robots Helped Elect Trump

How Robots Helped Elect Trump

Experts argue that technological developments, especially in the manufacturing industry, have helped drive voters towards the right. The introduction of robotics, machine learning, and artificial intelligence in modern manufacturing has had its share of both negative and positive effects. While robots have increased efficiency in production, they have taken away jobs in most parts of the world. The US is one of the countries that have been adopting robotics in manufacturing.

But automated machines in manufacturing have taken away jobs in America and when you assess where this has had the biggest impact, you will clearly see that central states […]