This article is published in association with United Nations. The global trend for shrinking pay packets in heavily industrialized economies could be driven – at least temporarily – by tech innovations in the workplace such as automation and AI, the UN International Labour Organization, ILO, said on Wednesday. “Global labour income share, which is the proportion […]Tech progress, automation, AI, cut workers’ share of wealth: ILO
September 6, 2024 by 1 Comment
This article is published in association with United Nations. The global trend for shrinking pay packets in heavily industrialized economies could be driven – at least temporarily – by tech innovations in the workplace such as automation and AI, the UN International Labour Organization, ILO, said on Wednesday. “Global labour income share, which is the proportion […]Paper wealth or wealth based on productivity – what happens next?
August 25, 2023 by Leave a Comment
This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Sven Smit, Senior Partner, McKinsey & Company, Jan Mischke, Partner, McKinsey Global Institute The global balance sheet – the sum of all assets and liabilities in the world economy – has expanded continuously for the past two decades.But […]Measuring wealth: a key step to effectively narrow the gender gap
July 13, 2022 by 1 Comment
This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Manjit Basi, Senior Director, WTW According to the new Wealth Equity Index, women accumulate only 74% of the wealth that men have at retirement.Women are cumulatively disadvantaged throughout their working careers.Purpose-driven leadership and equitable total rewards are the […]What wealth managers can learn from family dynamics
January 7, 2020 by Leave a Comment
This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Viola Steinhoff Werner, Founder, Young Investors Organization; Head of Global Next Generation and Families, Credit Suisse The next generation of wealth management clients are disrupting the industry. Wealth managers must include the next generation early on to understand […]The racial wealth gap in the US is affecting its citizens and its economy – this is how
August 20, 2019 by Leave a Comment
This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Sean Fleming, Senior Writer, Formative Content The US has spent the past century expanding its economic power. As it has grown, so too has the wealth of American families. But not everyone has benefitted, according to a new report. […]Macron and Trump press Merkel to recycle the German trade surpluses
May 7, 2018 by Leave a Comment
The divisive effect on Europe that Donald Trump’s trade war has generated, takes on new dimensions now. Only the European Sting highlighted this aspect, when the President of ‘America first’ fired the first shots, igniting the trade skirmishes. The differences, about how to respond to the US trade aggression, between the French President Emmanuel […]Crisis hit countries cut down public spending on education
April 9, 2014 by Leave a Comment
Despite an almost continuous but very moderate increase of government spending on education in absolute (euro) terms during the 2002-2012 decade the amount of public resources devoted to this end as a percentage of GPD either stagnated (2002-2007) or decreased (2009-2012), with the exception of a brief period between 2007-2009. During those three years educational […]Do academia and banks favour a new Middle Ages period?
February 3, 2014 by Leave a Comment
Androulla Vassiliou, European Commissioner for Education and Culture, delivered a speech last Friday in London’s King’s College, entitled “Investing in education in times of crisis”. Her major point was that virtually all EU governments are either reducing their education spending or maintaining current levels. She added that “The latest data from Eurostat tells us that […]Lies and reality about incomes and wealth in the EU
June 19, 2013 by 1 Comment
The European Central Bank in April this year produced a statistical paper on the distribution of real household wealth in Eurozone countries. The study argued that in terms of net wealth the average German household appears much poorer than their counterparts in the crisis hit countries of south Europe, that is Greece, Cyprus, Spain, Italy […]ECB indicates south Europeans can endure more austerity
April 10, 2013 by Leave a Comment
According to a European Central Bank report which was published yesterday, the average household in south European countries like Cyprus, Greece, Spain and Italy possess more net wealth than their peers in the north (net wealth is defined as the difference between total assets and total liabilities). The obvious conclusion is that they can endure […]How wealthy people transmit this advantage to their children and grand children
February 27, 2013 by Leave a Comment
Eurostat, the European Union’s statistical service, published data on poverty and social exclusion risks for EU citizens in 2011, showing completely disappointing results. The interesting thing, however, is that Eurostat didn’t release similar data for previous years for comparison reasons. Given that the much-advertised by the Brussels EU bureaucracy, “Europe 2020 strategy”, has set as […]
