The new reality of the modern workweek is starting to be felt in the city of Philadelphia, where the majority of the city's employees are expected to work at least two full days a week.The new workday is expected to come into effect in Philadelphia on Jan. 1, and it's going to have a profound impact on the lives of many people.Here are five reasons why some people are embracing this change.1.It gi...
A world of job insecurity is in danger of becoming a global economic disaster as millions of low-skilled workers are forced to take the same jobs as those they have left behind.
A report from the Economic Policy Institute (EPI) has revealed that the global workforce will be “frozen” by the end of the decade as the gap between the lowest paid and the highest paid is widening, leaving little room for advancement.
“The global workforce is frozen,” the report said.
“While many of the jobs of today may seem like they’re still in high demand, the demand for these jobs is far from matched by the supply.”
It noted that there are more than 30 million people employed in the US alone, which accounts for a fifth of the workforce.
“This is one of the biggest challenges facing our workforce.
More than two million Americans have given up their jobs and the US economy is on the verge of collapse.
And it’s happening at a time when there are already serious challenges facing the global economy.”
The report said that the current trend of joblessness in the developed world was also a sign that a global recession is likely to be more severe than previously thought.
“We’ve seen this trend of unemployment in Europe and the United States for a number of years, but we haven’t seen it for a decade,” said the report’s author, economist Anthony Atkinson.
“And we’re seeing it now in the developing world, where the crisis is going to get even worse.”
The OECD report noted that the number of people in poverty is rising in the richest nations.
The number of children living in extreme poverty in the United Kingdom is set to increase by two million by 2025.
The report found that unemployment among the lowest skilled is also increasing, as well as in the lowest paying industries such as manufacturing and construction.
It said that while it is easy to say that a job is safe, the reality is that even low-paid work is precarious.
“Most people have a low threshold for their job security, and many people are forced into these positions because they’re not getting any raises,” Atkinson said.
The impact of this is that the lowest-paid workers have little to no control over the circumstances of their jobs, and the majority of people who have to choose between their family and their job are those who cannot support themselves or those in low-income families.
“What we’re facing now is the worst of the worst,” Atkinson told Al Jazeera.
The EPI report also highlighted the role of automation in driving up wages for those working in the low-wage sector.
“Many workers are being squeezed into low-paying jobs,” Atkinson explained.
“There is an increasing demand for people who are less skilled, but the skills of low skilled workers are disappearing.”
The researchers estimated that by 2030, the global labour force would be shrinking by about 6.7 million people.
They said that this is due to a number is changing jobs and that the trend could have “a profound impact on the global economic recovery.”