November 21, 2019
Britain’s graduate debt crisis means that nearly half of current students and recent graduates (42 percent) have taken up a so-called side hustle or joined the gig economy, in order to combat debt, afford rent and the rising cost of living. One in five (22 percent) also cited having two additional jobs, with the next generation of workers concerned about the overwhelming cost of living. More →
November 19, 2019
Students and school-leavers see self-employment as a route to a higher income, better work-life balance and more family time and so one in five 16 to 21 year olds think they will self-employed at some point, a new analysis from the Office for National Statistics shows. However, other studies from the UK government paint a different picture with people in self-employment generally earning less and working longer hours than their employed contemporaries, but often happy to forgo the certainties of paid work for greater flexibility and control. More →
November 12, 2019
Oxford has been recognised as the top performing city in the UK to live and work for the fourth year in a row in a nationwide study carried out by PwC. The city has emerged ahead of Reading thanks to work-life balance, income, transport and skills with Bradford being crowned as the most improved city. Published today (12 November 2019), the annual Demos-PwC Good Growth for Cities 2019 sets out to show there’s more to economic well-being than just measuring GDP. The index measures the performance of 42 of the UK’s largest cities, England’s Local Enterprise Partnerships (LEPs) and ten Combined Authorities, against a basket of ten factors which the public think are most important when it comes to economic well being. These include jobs, health, income and skills, as well as work-life balance, house-affordability, travel-to-work times, income equality, environment and business start-ups. More →
November 7, 2019
The results of a new academic study on the relationship between global economic growth and physical activity, carried out by Vitality and RAND Europe, reveal significant benefits to the economy and life expectancy if people adopted a more active lifestyle. The study suggests that the world’s GDP would gain more than $100bn (£80bn) each year until 2050 if people adopted a more active daily routine that could involve simple choices such as walking 15 minutes more a day, jogging slowly for half a mile a day, or walking 1,500 extra steps a day. More →
November 7, 2019
Europe’s property leaders continue to have faith in real estate as an attractive option for investments, despite a number of significant political and economic challenges, according to the latest Emerging Trends in Real Estate Europe 2020 report. With interest rates set to stay lower for longer and bond yields in many European countries in negative territory, real estate income retains its broad appeal to investors, especially in comparison to other asset classes. Equity and debt are expected to remain plentiful for most real estate sectors. The report, published annually by the Urban Land Institute (ULI) and PwC, is based on the opinions of over 900 real estate professionals across Europe, including investors, developers, lenders, and advisers. More →
October 30, 2019
Automation is not likely to eliminate millions of jobs any time soon — but the U.S. and other countries still need vastly improved policies if people are to build better careers and share prosperity as technological changes occur, according to a new MIT report about the workplace of the future. The report, which represents the initial findings of MIT’s Task Force on the Work of the Future, claims to puncture conventional wisdom and builds a nuanced picture of the evolution of technology and jobs.
October 30, 2019
The UK Government has announced what it claims are new, improved measures to protect workers facing workplace discrimination. The move especially targets those employers who withhold references and enforce non-disclosure agreements to pressure employees into silence. Such tactics could now be blocked under new the proposals announced by the Department for Business, Energy & Industrial Strategy. More →
October 28, 2019
Although more people are in work in the US than at any time in the past 50 years, only 40 percent of American workers say that they work in good jobs, according to a new study (registration) from the Lumina Foundation, the Bill & Melinda Gates Foundation, Omidyar Network, and Gallup. The report claims that 44 percent of workers surveyed said they had “mediocre” jobs while 16 percent said they were in “bad” jobs. More →
October 14, 2019
New research from the Centre for Cities claims that we are still seeing the long-lasting consequences of the post-financial crisis self-employment boom in the UK’s cities. But too many people working for themselves lack access to training – raising concerns about their long-term security and many cities’ future economic strength. More →
October 7, 2019
More than three in five UK adults (61 percent) favour work life balance over a high salary, according to a new study from Hitachi Personal Finance. The report also claims that it is those aged 45 and upwards who are most likely to seek out a better overall quality of life at the expense of other job priorities, with 82 percent of workers aged over 45 saying they would always opt for a better life balance over a high salary, given the choice, compared with 49 percent of under 45s. More →
September 24, 2019
A new report from the IZA Institute of Labor Economics claims that working mothers serve as role models for the working lives of their children, especially their daughters. The report suggests that while the inter-generational correlation of labour market outcomes has been a subject of interest among both academics and policymakers for a long time, much of the literature has focused on the correlation of earnings. The new report argues that not only is the potential to earn transmitted across generations but also the willingness to work more generally. More →
November 12, 2019
Uber Works may not be as good for workers as it is for businesses
by Shainaz Firfiray • Comment, Flexible working, Technology