The world of work is changing rapidly, as machines replace humans in ever more jobs, the traditional employer-employee relationship morphs into workers become independent contractors or having only short-term contracts and part-time jobs, and economic inequality widens socio-economic divisions in many societies.
Most of the world’s 3.6 billion workers are in developing countries, where two thirds of workers have informal jobs, defined as jobs that do not offer workers minimum wage protections and work-related benefits such as social security and health insurance.
Continue reading "The Changing Nature of Work: Formal and Informal Jobs"...
The World Bank’s 2019 World Development Report, The Changing Nature of Work, emphasized the more dynamic labor markets associated with labor-saving automation and globalization. The report urged governments to invest more in health and education so that workers can adapt to faster labor market churn, as when workers are displaced from one job and must find another.
Continue reading "The Changing Nature of Work: Social Protection"...
UN population projections included international migration data. Three of the world’s eight regions were net immigration areas, and five were net outmigration areas.
Continue reading "Net migration averaged 3 million a year between 2010 and 2020"...
The UN released new population projections that project the world’s population rising from 7.7 billion in 2019 to 9.7 billion in 2050 and peaking at 11 billion in 2100. The world added a billion people between 2007 and 2019.
Continue reading "Global Population: 7.7 billion to 9.7 billion by 2050"...