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The job dislocation of COVID-19 will reduce global GDP

Location:

INTERNATIONAL

The more jobs that are lost worldwide this year, the more disjointed the economic recovery will initially be

Social cohesion is vital to promote long-run growth

Location:

INT

Strong social and human capital can offset costs such as technologically stranded workers

Joblessness will rise as job-save policies are unwound

Location:

INT

Policies have reduced the damage COVID-19 has done to Western job markets but these temporary schemes have to be unwound

Russia’s high employment masks widespread poverty

Location:

RUSSIA

The ‘working poor’ are far more common among state employees than in the private sector

Wealth shifts across ages will exacerbate inequalities

Location:

INT

Huge wealth transfers from those currently over 60 to the under-60s in the coming decades will have broad implications

Regressive tax bill may offset rising US minimum wages

Location:

UNITED STATES

Minimum wages rose in 22 states in 2017, adding impetus to rising wages for the lowest earners after years of stagnation

Dynamic UK economy will continue to need immigrants

Location:

UNITED KINGDOM

A tightening UK labour market has jobs for UK-born as well as foreigners