technological changeUsing novel matched employer-employee register data with firm-level information on the introduction of industrial robots, this paper analysis the impact of roboBarth, ErlingRoed, MarianneSchne, PlUmblijs, JanisSocial Science Electronic Publishing...
Since 2006, IFR has supplied annual data on the number of industrial robots active within various industries in China. Acemoglu and Restrepo [2] examine the impact of robotic applications on regional labour markets within the United States through a general equilibrium model, constructing a regional...
“This stubborn inequality in the average wages between men and women persists in all countries and across all sectors, because women’s work is under-valued and women tend to be concentrated in different jobs than men,” the UN said2. It highlighted a national minimal wage as a key policy...
02 Mar 2022Andy Lomas Summary The EC’s draft directive is set to trigger a step change in gender pay gap reporting. Forward-thinking organizations will seize the agenda – regardless of the size of their pay gap. They will use this as an opportunity to reinforce their employee value proposi...
Back in time, people were called alchemists and they worked for kings and rich people, smelting metal and trying to change base metal into gold, because the king wanted to be richer. — Fred Alan Wolf 3 As blue chips turn into penny stocks, Wall Street seems less like a symbol of ...
The law, enacted in 2022, requires auto enrollment in 2025, but some question whether it does enough.
Proponents claim that a maximum wage is sure to bolster the economy. In their view if high wage earners earn less, then the additional funds left over can be used to raise wages for others and hire more employees. Note that this view assumes that firm revenues are simply given and do not...
Building wealth refers to the accumulation of scarce resources. People, organizations, and nations are said to be wealthy when they have accumulated many valuable resources or goods. Wealth can be contrasted withincomein that wealth is a stock and income is a flow. ...
Income inequality refers to how unevenly income is distributed throughout a population. The less equal the distribution, the greater the income inequality. Income inequality is often accompanied bywealthinequality, which is the uneven distribution of wealth. Populations can be divided up in different w...
For businesses, an employee’s intellectual ability can be treated as anasset. This asset can be used to create products and services that can be sold. The more well-trained workers employed by a firm, the more that firm can theoretically produce. An economy in which employers treat education...