Trump’s latest move, which virtually dashed the American dreams of millions of Indians, should not be seen as an isolated event but a definitive consequence of the dysfunctional global capitalism.
Tag: unemployment
In economics, disruption describes an ordinary process: innovations replace outdated technologies. But in politics? It takes on a far darker meaning, writes German weekly Die Zeit.
AI could offer a great new way in to the global economy for sub-Saharan Africa. Yet with some 20 million jobs needed to be created annually to absorb the massive influx of young people in the labor market, AI could also create new unemployment.
Over the past five years, tuk-tuk prices have soared because of a government ban on importing the vehicle, and the inflation waves that rocked the Arab world’s most populous country. But tuk-tuks are not only a preferred system of transport, they are also a source of income for a large part of the Egyptian population — and the price hikes are crushing many young people’s dreams.
High language requirements, a one-size integration policy, and discrimination. Despite the need for labour, landing a job in Sweden has become a hurdle race for college-educated migrants, a new joint investigation with Lighthouse Reports shows.
Bolivian President Luis Arce easily survived Wednesday’s bungled coup, which may suggest the populist Left is more resilient than it used to be. But it may also be the foreshadowing of the reigniting of an internal war with fellow Socialist and former President Evo Morales as unrest spreads around the country.
Finding a seat on the Karmabhoomi Express is close to impossible. A closer look at why so many migrant workers travel on it, and out of Bengal, offers a grim picture.
With the suppression of last year’s anti-regime protests in Iran, its people can barely stomach the West’s resumption of its business-as-usual approach with the Islamic Republic. The key to challenging the renewed status quo, the author writes, may very well lie with the country’s women.
The proposed UGC guidelines are ill-conceived and populist, and hardly take note of the educational and financial interests of foreign universities.
Mercury exposure can be deadly. So why are gold miners in Zimbabwe using the dangerous chemical — and risking their lives and the health of their communities in the process?
After a break in late March, small protests have broken out all over Iran over wages and pensions. A higher cost of living caused by the war in Ukraine may be the final straw for exasperated Iranians.
Why are no locals in the northern Italian city of Verona applying for the once prized permanent job posting? The answer is found elsewhere.
The price, however, is being paid in lost lives.
Rafaela Dutra was working in Rio de Janeiro’s tourism industry and studying to become a nurse when the coronavirus arrived. A resident of the sprawling low-income favelas in the city’s Zona Norte, she had worked in one of Copacabana’s shiny, high-rise hotels, earning up to twice the region’s minimum monthly wage of 1,200 reais ($220). […]
The pandemic has prompted many city workers to seek refuge back in the countryside roots. For the government, it’s an extra challenge, but also an opportunity for long-term rural development.
A recent speech by former ECB chief Mario Draghi hit close to home in his native country.
Joblessness is soaring in the western Asian nation, particularly among women, who are far more likely than men to be cut loose by employers.
Containing the COVID-19 outbreak came at a huge cost in terms of earnings and employment. And no one is taking a harder hit than China’s tens of millions of migrant workers.
-Analysis- LONDON — “We’re at the end of our rope,” is a phrase you may hear these days among lower-income Iranians struggling to survive in a country heaving under economic sanctions and the coronavirus pandemic. It’s also a statement recently issued by a national pensioners association, which has been seen as a “warning” to a […]
CAIRO — Like many other laborers, delivery workers are not able to practice social distancing during the novel coronavirus pandemic. At the same time, the service they provide helps protect customers — largely middle and upper-class citizens — by keeping those people out of busy shops where they might come in contact wth the illness. […]
The new president is uniquely positioned to fix the country’s long-ignored economic shortcomings. But he should work with the system, not brush it aside, writes economist Luis Rubio.
Located in one of southern Italy’s poorest regions, once thriving Crotone has the worst youth unemployment rate for women in the entire country: 90%.
In the southern city of El Hamma, young Tunisians attempt to emigrate all the time for a dangerous journey across the Mediterranean. One recent tragedy left dozens dead.
The populist Five-Star Movement and the right-wing League won over half the vote in the struggling mid-sized city of Foggia by promising more jobs and less immigration.
The U.S. may boast the world’s largest economy on one hand and a deeply problematic president on the other. But under the surface, things are bleak.
MARTINSBURG — Lory, Maggie and the rest of their gang of septuagenarians weren’t all that interested in politics, at least not to the point of openly campaigning for someone. But that was before Donald Trump and his wild run for the presidency in 2016. Ardent supporters of the Republican candidate, these grandmothers in Martinsburg, West […]
GAZA CITY — Their world doesn’t extend much beyond this piece of sidewalk that never seems to change. Glued to their white plastic chairs, Khaled, Mohammed and Abdel Rahman spend their time talking about everything and nothing while fiddling with their smartphones. There’s no 3G coverage, so their only connection to the rest of the […]
With Brexit woes dominating the UK and the fresh air of Macron’s victory in France, capitalistic economics in Europe may be turned on its head.
Nationalism was defeated in Emmanuel Macron’s victory. But the debate of the individual vs. collective has just gotten underway in France, and beyond.
Rio de Janeiro-based O Globo daily’s front page offered a snapshot of the contrasts of today’s Brazil. While top story reported on a troubling new unemployment trend, as an estimated 2.3 million of the country’s jobless now take at least two years to find work, the newspaper also featured a centerpiece photograph of the flurry […]
‘Flexicurity,’ the Danish labor approach, where it’s easy to be fired but also rehired, has helped unemployment remain among the lowest in the world. But the lack of skilled labor creates new demands.
The town in Indiana of Terre Haute is a mix of organized labor and university students, traditional values and growing immigrant communities. It has picked the president the last 15 elections.
-Analysis- PARIS — It all adds up to a major mea culpa. For the most prominent economists, the U.S. presidential campaign feels like an act of contrition. Yes, we were wrong about the virtues of global free trade. No, French philosopher Montesquieu’s beloved doux commerce (“gentle commerce”) thesis wasn’t necessarily a win-win recipe for all. […]
Why this time it’s different — and maybe much worse.
Former President Luiz Inacio Lula da Silva was detained as part of a widespread corruption scandal at state oil giant Petrobras. But the probe could actually prove to be the spark to help him succeed Dilma Rousseff.
A feeling has spread through the popular consciousness: The collapse is near, we’re living on the edge of implosion. But there is another way to look at our complicated world.
-Analysis- PARIS — Defeated, the government doesn’t know what it wants! Defeated, the Socialist Party is again incapable of defining a clear line! Defeated, members of the center-right Republicans party are tearing each other apart as they seek to avoid the “trap” the Socialists are said to have laid for them. The staggering debate ongoing […]
MATADI — Elie Luemba says her youngest son fooled her and her husband for far too long. “We used to give him a little money every morning to buy himself donuts at school,” she says. “But he was actually using the money to bet on sports results with his classmates.” The irony is that Luemba […]
The sinking cost of crude has disrupted the Scandanavian country’s national economy. Norwegians now start to ask how wide the hardship will spread.
SAO PAULO — João Batista, a 45-year-old builder, has been unemployed since December. Jailson de Lima, 46, is luckier: He still manages to find construction work from time to time but doesn’t earn enough to pay rent, which has been on a relentless rise. Cristiane dos Santos, 27, lived in a hostel for some time […]