As the founder of Microsoft, there are few people on the planet who have helped to guide technological progression (at least in the realm of computing) as much as Gates over the course of his 42-year career. The thrust of his argument is this: if robots replace human workers whose pay would otherwise be taxed, why then should the labour of the robots not also be subject to taxation?
Since gender equality is one of the most important issues in terms of sustainable and healthy growth, Turkey has launched a new engagement group, Women20 (W20), which will concentrate on enhancing the role and increasing the participation of women in business. In addition to gender equality, ensuring women have access to financial assets will form the backbone of global growth.
Alberta's Jobs Minister Lori Sigurdson announced at the end of June that the new government would be raising the province's hourly minimum wage from $10.20 to $11.20 come October.
After three-and-a-half years of ho-hum on this front, there is renewed interest in interest rates: where they are going, how fast, and what we need to do to be prepared, if change is indeed in the wind. A lot of the talk is related to another 'up' that scares us: inflation. Talk of rising interest rates is very good news, since it strongly suggests higher confidence in near-future growth.
There are many threads which interweave people working in stores and in factories, near and far. Yet too often we compartmentalize and divide issues, creating silos of concern. People interested in making more ethical consumption choices are forced to pit priorities against each other.
There's a clever-sounding phrase that has repeatedly wreaked havoc with the macro economy: "It's different this time." It's all over the place now, couched in neatly nuanced narrative about our "new normal." Is it once again misguided advice, or is there good reason to believe that this time really is different?
When was the last time you called in sick? Was it just a case of the sniffles? Were you flat on your back? Or did you go golfing and not want to use a vacation day? Did you feel guilty about leaving your co-workers to cover for you? Did you take as few days as possible, knowing someone else had to pick up the slack in your absence? Chances are if you work in the private sector, your answers are very different from those of some government employees.
Taken as a whole, very high CEO to worker pay ratios can signal systemic wealth disparity. CEO pay has been outstripping executive and worker pay year over year by a wide margin because of structural issues related to "peer group benchmarking" (the very way CEOs are paid). This structural pay inequity is unrelated to CEO performance.
Employment is always a lagging indicator of the economic cycle, but today's lags are fast becoming legend. In some cases, unemployment is still rising almost five years after the onset of crisis. Will employment ever turn around, and if so, when?
The post-recession world has not been kind to organized labour. With corporations and governments under pressure to cut costs