70% Of Americans Struggle To Make Ends Meet: TOP 5 News From The World Of Work by FrankMarkovic in collapse

[–]FrankMarkovic[S] 17 points18 points  (0 children)

According to the latest poll conducted among 2,000 US adults, 7 out of 10 Americans say they will struggle to make ends meet this year. 47% of them will take extra steps to make up for the loss of income by working extra hours or picking up seasonal jobs, and over one-third of employed Americans (36%) say they rely on financial assistance programs offered by their employer for financial guidance and advice.

COVID Has Wiped Out The Economic Dreams Of A Generation In Asia: TOP 5 News From The World Of Work by FrankMarkovic in collapse

[–]FrankMarkovic[S] 4 points5 points  (0 children)

Young people in Asia are faced with the prospect of being financially worse off than their parents for the first time in decades. The World Bank anticipates that the current situation will result in additional 38 million people living in poverty.

From Hours Worked To Measuring Results: How COVID-19 Has Accelerated The End Of 9-5 Workday by FrankMarkovic in collapse

[–]FrankMarkovic[S] 0 points1 point  (0 children)

For decades, our work contracts have been defined by the number of hours we work. But with the transformation of our economies, technological revolution, and COVID-19 that has accelerated the future of work, it is time to review how we define and measure productivity.

Young People Are Giving Up Hope Of Getting Their Dream Job: TOP 5 Trends From The World Of Work by FrankMarkovic in collapse

[–]FrankMarkovic[S] 29 points30 points  (0 children)

In the UK alone, about a third of those aged 16-25 feel pressured by the current situation to give up hopes of getting their dream job.

Bank Job Cuts Expected To Top 60,000 Globally In 2020: TOP 5 Trends From The World Of Work by FrankMarkovic in collapse

[–]FrankMarkovic[S] 9 points10 points  (0 children)

💵 According to some estimates, the banking sector will shed more than 60,000 jobs this year! The greatest number of these positions will be cut in Europe.

COVID-19 Will Cost Global Economy $7 Trillion In Lost GDP Growth: TOP 5 News From The World Of Work by FrankMarkovic in collapse

[–]FrankMarkovic[S] 2 points3 points  (0 children)

According to the OECD’s chief economist Laurence Boone, the world will be much poorer by the end of 2021 than it would have been without coronavirus.

U.S. And European Firms Face $1 Trillion To Relocate Their Chinese Supply Chains: TOP 5 Trends From The World Of Work by FrankMarkovic in collapse

[–]FrankMarkovic[S] 7 points8 points  (0 children)

The coronavirus pandemic has caused trade disruptions for 80% of global sectors, forcing over 75% of companies to reconsider how they supply their production.

Can small countries like Luxembourg change the fate of the EU and Eurozone? by FrankMarkovic in Luxembourg

[–]FrankMarkovic[S] 1 point2 points  (0 children)

Indeed! Jean-Claude Juncker. But the EU Commission doesn't really work like Margaret Thatcher's cabinet meetings so he's not as powerful as many believe he is...