wage

NEWS: The Country Training People to Leave

March 9, 2015 // 0 Comments

A great article to discuss when teaching BRAINDRAIN. The country training people to leave By Stephen SackurBBC, Philippines The Philippines has one of the fastest growing economies in Asia – but there aren’t enough jobs to go around. So every year the government teaches thousands of people the skills they need to get jobs abroad. When I arrive at the state-run Housemaids Academy in Manila morning exercises are well under way. A squad of uniformed cleaners is poking feather dusters into all corners of the sitting room. In the kitchen trainee cooks are immersed in the finer points of salad preparation. The academy has the feel of a soap-opera set – each room meticulously dressed to ape the reality of a grand residence. Below stairs is a classroom filled with old fashioned school desks. Here, I’m told, the trainee house servants take lessons in hygiene, respect and personal finance. The Philippines government schools tens of thousands of maids, chauffeurs, [...]

NEWS via psMag: Ironic Gentrification and the Migration of Globalization

March 24, 2014 // 0 Comments

Ironic Gentrification and the Migration of Globalization BY JIM RUSSELL • March 20, 2014 • 2:00 AM Cherry blossom trees in Buffalo, New York, in bloom. (Photo DragonFire1024/Wikimedia Commons) Higher education and health care, two major elements of the new Legacy Economy, are attracting global talent and gentrifying the neighborhoods that surround them, pricing out residents who toil in the local or regional labor market. I link economic globalization to gentrification with migration. Gentrification itself is an indicator of intensifying globalization. The influx of migrants who toil in a global labor market move into a neighborhood and compete with residents who toil in a local or regional labor market. Soon enough, the rent is too damn high. Or, if you like (I do), the wages are too damn low. Both cost for shelter and income impact housing affordability. A conventional measure that captures both variables is percentage of income dedicated to housing. In that light, some [...]

NEWS via Guardian Liberty Voice: China Population Structure Change Demands Economic Reform

March 15, 2014 // 0 Comments

China Population Structure Change Demands Economic Reform Added by Tina Zhang on March 15, 2014. On March 13, China’s annual parliament meeting closed. Reforms in financialsector, economic structure, environmental protection, and many other areas were proposed. During the nine days of the meeting, there was plenty of news showing disappointing performance in areas such as investment, retail sales and factory output in the first two months of this year. These already invited speculations that policy easing from the government should be imminent. Beijing repeated said it would tolerate slower economic growth in exchange for economic structural transformation. Aside from the often-quoted reasons for such reform, the unstoppable change of the population structure demands China must tough through the pain of slowing economy and its structural reform. China’s working-age population shrank for the first time in 2012 by 3.45 million. Looking into the future, the number of 15 to 24 [...]

INTERACTIVE via CNN: How does your Salary Compare to Others?

January 27, 2014 // 0 Comments

This widget sheds light on the UNEVEN DEVELOPMENT that exists across the globe. ECONOMIC INEQUITY is but one of the economic indicators that illustrates the DEVELOPMENT GAP. With little EXPENDABLE INCOME, less developed and developing countries do not draw in the QUATERNARY service sector that more developed countries do. -The Human Imprint “Data has been sourced from the International Labour Organization, the U.S. CEO earnings figure was sourced from theBureau of Labor Statistics and the Queen’s income from The Sovereign Grant. *$PPP wages calculate the buying power of what you earn, inside your country, relative to someone in the U.S. Find out more about how this interactive was calculatedhere. **Iraq and Timor-Leste are [...]
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