What the next 20 years will mean for jobs – and how to prepare

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Stephane Kasriel, CEO, Upwork The next two decades promise a full-scale revolution in our working lives. Before we look into the next 20 years, let’s take a quick look at the present – and something once considered paradoxical. We’re […]

Here are 3 alternative visions for the future of work

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Renee McGowan, Chief Executive Officer, Asia, Mercer (MMC) In early 2019 leaders of business and government will be meeting to address the challenges presented by technology and changing workforce dynamics. Many governments see the future of industry – Industry […]

Study: Trade supports over 36 million jobs across the EU

This article is brought to you in association with the European Commission. Two new studies published today by the European Commission highlight the increasing importance of EU exports for job opportunities in Europe and beyond. EU exports to the world are more important than ever, supporting 36 million jobs across Europe, two thirds more than in […]

EU trade agreements deliver on growth and jobs, support sustainable development

This article is brought to you in association with the European Commission. The better access to foreign markets negotiated by the EU benefits European companies, workers and consumers. According to the second annual report about the implementation of trade agreements issued today, these agreements – covering nearly 70 markets all over the world – are proving […]

As tech disrupts our jobs, it’s not too late to turn pain into gain

This article is brought to you thanks to the strategic cooperation of The European Sting with the World Economic Forum. Author: Guy Ryder, Director-General, International Labour Organization (ILO) The World Economic Forum’s Future of Jobs Report 2018 gives some cause for encouragement. The business perspective on how technology will affect growth and job creation is becoming more positive, the […]

In the future of work it’s jobs, not people, that will become redundant

This article is brought to you thanks to the strategic cooperation of The European Sting with the World Economic Forum. Author:  Leena Nair, Chief Human Resources Officer, Unilever I am likely stating the obvious but it needs to be stated as often as possible – the world is changing and it is changing fast. The Fourth Industrial Revolution is blurring […]

The megatrend that will shape our working future

This article is brought to you thanks to the strategic cooperation of The European Sting with the World Economic Forum. Author: Ian Lee, Regional Head, APAC, The Adecco Group You may be a talented public relations consultant looking for new clients to build a freelancing business, or a senior manager at a multinational company, dealing with complex budgets, deadlines […]

Threats from mammoth banks and Brussels fuel May’s poll rates

The Theresa May brexiteer government has started feeling the heat about their choice to fight an electoral battle on a clear and loud plea, that a vote for Tories on 8 June is a vote for a hard Brexit. And mind you the closer we get to the polling date the more heated the controversy […]

Eurozone’s central bank leadership prepares for shoddier prospects

It has become commonplace to state that the European economy still doesn’t fare well after six years of recession or practical stagnation. For good reasons however in the past few days the horizon looked particularly darkened. Negative statistical evidence and meandering statements by key people are indicative of that. Inflation or rather disinflation statistics, persistently […]

No hard drivers in sight to remodel the stagnating affairs of the EU

It’s a tautological statement to say that the euro area is an economy which barely moves ahead, towards producing more jobs and incomes for the tens of millions of the unemployed and materially deprived. However, it seems that it’s worse than that. Mario Draghi, the President of the European Central Bank, said it plainly in […]

The 28 EU leaders care more about fiscal orthodoxy than effectively fighting youth unemployment

Last week the European Court of Auditors (ECA) published a report on the “risks to the successful implementation of the EU Youth Guarantee”. The ECA review, while noting that according to the Commission the available funding for this much advertised EU project is estimated at €16.7 billion for the 2014-2020 period including national resources, it […]

Junker for Commission President: What were the stakes in this affair

Jean-Claude Juncker’s was confirmed last Tuesday as President of the European Commission for the next five years. In a secret ballot 422 MEPs who voted for him and 250 against. This goes beyond what David Cameron had imagined, when he decided to fervently oppose this appointment for the top EU job. To be reminded, that […]

EU Commission: a rise in wages and salaries may help create more jobs

The Eurozone unemployment rate in February remained stubbornly stuck at the high level of 11.9% since October 2013. According to Eurostat, the EU’s statistical service, the EU28 unemployment rate was 10.6% in February 2014, one decimal point lower than the 10.7% of January this year. Let’s dig a bit into unemployment. On an absolute number […]

Eurostat: Real unemployment double than the official rate

Gender distribution in selected labour categories, age 15-74, EU-28, 2012 (Eurostat graph) Eurostat, the EU statistical service, revealed that the true unemployment rate in Eurozone during the third quarter of 2013 was much higher than the ‘officially’ recognised percentage of 11.5%, according to the definition of UN’s International Labour Organisation. Including the three forms of […]

Job vacancy data reveal better prospects for Britain, stagnation in Eurozone

Job vacancy statistics is not a widely used analytical tool despite the fact that is follows more accurately a number of vital social and economic variables, like the robustness of growth or the steepness of fall of economic activity. They are also indicative of the structural effectiveness of labour market workings, of the efficacy of […]

Can Eurozone’s uncertain growth answer the challenges that lie ahead?

Bit by bit the much advertised resumption of economic activity in Eurozone fades away. The fall of unemployment rate by just one decimal point to 12.1% in June and the increase of GDP during the second quarter of this year by 0.3% fuelled overoptimistic estimates that Eurozone has definitively left behind the lowest part of […]

Early signs of growth in Eurozone?

All business and consumer indicators for the euro area showed betterment in May according to the Commission’s Directorate General for Economic and Financial Affairs (DG ECFIN), which conducts those regular and harmonised surveys. Business climate indicator (BCI), consumer confidence and economic sentiment indicator (ESI) all improved during this month of May. It’s the first time […]

Mood changes in Europe in favour of growth and jobs

Economics is primarily a social not a mathematical science. Forgetting that may lead mathematicians to create toxic investment products like complicated derivatives, which have no other purpose than to cheat people. This misunderstanding may also lead executives like László Andor, EU Commissioner for Employment, Social Affairs and Inclusion, to talk about ‘labour market’ as if […]

Eurozone: The cycle of deficits, debts and austerity revisited

A European Union Member State’s government budget deficit may not exceed -3 % of its gross domestic product (GDP), while its debt may not exceed 60 % of GDP. If a Member State does not respect these limits, the so-called excessive deficit procedure is triggered. The procedures against member states for excessive deficit or debt […]

Appalling overall unemployment in Eurozone at 20.6%

As it turns out real total unemployment exceeds by far the already dreadful percentages estimated by the national statistical services of the EU countries. According to a press release issued by Eurostat, the EU statistical service, in the EU of 27 member states apart from the tens of millions of the “normal” unemployed, there is […]

More unemployment and lower wages to make European workers competitive?

The statement that unemployment constantly increases in the European Union has become a banal observation during the past three crisis years. When however it comes to long-term unemployment, comprising workers without a job for more than one year, the end result can be that the labour force of this country or region is reduced by […]

EU Parliament: ECB accountable for not supporting real economy

The European Parliament yesterday held the European Central Bank accountable for the lack of dissemination to the real economy of the cheap liquidity the central bank has accorded to commercial banks. The resolution adopted during the Parliament’s annual evaluation of the ECB’s activities, addresses both the ECB’s monetary policy responses to the Eurozone crisis and […]

EU’s social crisis and unemployment to deteriorate

During the 9th European Regional Meeting of the International Labour Office (ILO), which currently takes place in Oslo from 8–11 April, a study was presented showing that in the European Union the risks of social unrest have exploded over the past few years growing with the highest tempos in the world. Obviously this is a […]

Rehn ready to sacrifice part of the real economy

Last week, Ollie Rehn, the EU Commissioner responsible for the Economy, while presenting his “winter forecast 2012-14” for the Union, appeared not to bother with the prospects of the rising unemployment and the collapsing prospects for the young. Otherwise it cannot be explained why he said that, “The ongoing rebalancing of the European economy is […]