Nominal Wage

Post-Covid, India’s weakest link could be its informal sector

Almost 80% of Indian workers are employed in the informal sector, which accounts for almost 50% of India’s GDP. Few high-frequency economic indicators capture the health of this segment of the economy. “But a lot is at stake. Ignoring the informal sector can hurt jobs, wages and even macroeconomic stability,” …

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Skills upgrading and workforce transition, the way forward

While the wage-to-gross domestic product (GDP) ratio of many advanced economies has declined over the years, Malaysia continues to catch up despite growing steadily since 2005. According to a 2019 document from the International Labor Organization (ILO), globally, workers’ share of national income is declining from 53.7% in 2004 to …

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Japan to raise average minimum wage by 3.1%

The Ministry of Labor has recommended increasing the national average minimum wage by 3.1% to 930 yen (US $ 8.43) per hour. The increase of 28 yen (US $ 0.25) from the current 902 yen (US $ 8.18) for fiscal 2021 through March next year would be the highest in …

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Siemens Gamesa Renewable Energy, SA lowers its outlook for fiscal 2021, impacting Siemens Energy

Siemens Energy AG / Keyword (s): ForecastingSiemens Energy AG: Siemens Gamesa Renewable Energy, SA lowers its outlook for fiscal 2021, impacting Siemens Energy 14-Jul-2021 / 23:22 CET / CESTDisclosure of inside information acc. in Article 17 MAR of Regulation (EU) No 596/2014, transmitted by DGAP – a service of EQS …

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South Africa faces another big budget problem this year

Public finances are improving, but it will take years to recover, even if the right choices are made, according to economists at Momentum. At this early point in the new fiscal year, it looks like the government is heading for another huge revenue overshoot – despite the excise duty losses …

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The ‘options’ of the LP | Philstar.com

President Rodrigo Duterte signed Proclamation No. 1179 in which he stated that there are now 109.035 million Filipinos living in the Philippines. The newly signed presidential proclamation adopted this official count of the population of Filipinos nationwide in May 2020. According to the chief executive, the official count of the …

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New Canadians Thrive in the Oil and Gas Industry

Wages of immigrants in oil and gas extraction in Canada are growing faster than in other sectors By Mark Milke and Ven VenkatachalamCanadian energy centerTrojan Media A few years ago one of us took an early morning cab in Vancouver. The driver, who is from Latin America, has started to …

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Here’s how to know if you can afford a big post-Covid purchase

SDI Productions | E + | Getty Images The US economy is inundated with economic stimulus and spending to celebrate the reopening of Covid. The statistics show it: Soaring retail sales, falling unemployment and rising inflation all indicate a consumer willing to spend. While more jobs and a return to …

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Too much capital, not enough work

BYes Patrick watson I try not to blame economists for being wrong. I think most try to interpret the data fairly. It’s easy to miss (or misunderstand) important information. So I’m surprised how many otherwise thoughtful, data-driven analysts repeat the story “unemployment benefits deter people from working” while citing no …

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Dow jumped on another Goldilocks US NFP employment report, positive for Wall Street, addicted to stimuli

· Unemployment rate in the United States has increased due to higher participation in the labor market · Assuming pre-COVID labor market participation on February 20, the US unemployment rate is now around 7.8% instead of 5.9% Dow Future jumped more than 100 points on Friday on another job report …

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