According to the report that came out from Labor department today, it shows that 2.5 million jobs were added last month and the unemployment rate fell to 13.3% from 14.7% in April. Economists had predicted the official unemployment rate will climb to 19% in May.
This article is a repost.
As of this writing there are over 3200 deaths globally due to the recent COVID-19 virus outbreak. The numbers are straggering every day and the virus is spreading across the continents.
What drives wage growth? Mostly Tech and some Finance jobs.
Monthly salaries, 2019. ($US)
With the increasing usage of Robotics n Manufacturing and Transportation many of the traditional labor intensive jobs are under threat globally. OECD has published the most impacted countries due to the rollout of Automation in various sectors.
Tesla recently announced its robotaxi service – a fully autonomous taxi hailing service (albeit futuristic) that can put most Uber drivers out of work. Not to mention the whole self driving autonomous technology can be a huge disruption to trucking industry.
Share of employees who say their work make our world a better place.
US 1950: 1983 hours 2014: 1764 hours
Best work-life balance, 2018. (of 38 countries)
Workers who work more than 60 hours a week, 2015.
- Turkey: 23.3%
- South Korea: 22.6%
- Indonesia: 14.3%
- India: 13.6%