In the nineteenth century, more than 70% of American workers were farmers. By 2017, that figure was under 2%. In 1970, about 32% of private employment was in goods-producing industries. By 2018, that figure was 13.5%. The dynamic sectors of the American economy are in services, though US President Donald Trump, with his fixation on old manufacturing industries, doesn’t seem to have grasped that
Fame and fortune can go hand in hand—at least for a select few. Star Wars creator George Lucas leads this year's ranking of America's richest celebrities with a net worth of $5.4 billion thanks largely to the fortune he pocketed when his Lucasfilm production company sold to Disney for $4.1 billion in 2012
It’s now official: workers around the world are falling behind. The International Labor Organization’s (ILO) latest Global Wage Report finds that, excluding China, real (inflation-adjusted) wages grew at an annual rate of just 1.1% in 2017, down from 1.8% in 2016. That is the slowest pace since 2008
In recent years, as the World Bank’s financing role has been eclipsed by the rise of private capital and a surge in money from China, its leaders have been desperately seeking a new mission. And interminable reorganizations, politicized appointments, and the changing priorities of successive presidents have contributed to the perception that the institution is less than functional. But can that change?
When resources are limited, it is human capital that defines the sustainable development of a community, especially in the case of costly misallocation and underutilization, as is often the case in developing countries. Nowhere is this truer than in India, where the value of the current demographic dividend hinges on a grossly underutilized resource pool – the female workforce