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☆ Climate change could cost Americans born in 2024 nearly $500,000 in their lifetime
▼ + stars: | 2024-04-26 | by ( Annie Nova | ) www.cnbc.com time to read: +7 min

The October report found that around 13% of Americans reported economic hardship over the prior year due to climate change. Climate change could cost Americans born in 2024 nearly $500,000, due to higher taxes and pricier housing and food, among many other factors, ICF, a consulting firm, recently found in a report commissioned by Consumer Reports. Stan Honda | AFP | Getty ImagesOther health effects of climate change reflect more widespread shifts in global conditions. "There are clear interactions between heat waves and health conditions," said Charles Driscoll, a professor at Syracuse University who studies climate change. Climate change leads to droughts, which lead to crop failures, which cause food price spikes.

Persons: Chandan Khanna, Andrew Rumbach, Eva Marie Uzcategui, Wagner, Rumbach, Stan Honda, Charles Driscoll, Driscoll, Ringo H.W, Chiu, Mark Kantrowitz, Gernot Wagner Organizations: AFP, Getty, U.S . Department of, Treasury, Consumer Reports, Urban Institute, Bloomberg, U.S . Census, Insurance, Swiss Re Institute, Health, Natural Resources Defense, Syracuse University, International Labour Organization, Kaiser Family Foundation, of Labor Statistics, Columbia Business Locations: Fort Lauderdale , Florida, U.S, Fort Myers Beach , Florida, Florida , Louisiana, California, Hurricane, Queens, New York, Malibu, Malibu , Calif

☆ India's high unemployment is a 'ticking bomb,' opposition says as election battle with Modi's BJP heats up
▼ + stars: | 2024-04-23 | by ( Vinay Dwivedi | ) www.cnbc.com time to read: +4 min

India's unorganized sector, which is made up of millions of small businesses that are privately owned, make up about 93% of the country's total workforce. As many as 32% of the respondents said increasing unemployment was the key reason why they would not elect the BJP again. India's Labour Ministry did not immediately respond to CNBC's queries pertaining to the country's unemployment situation. Rajan, who was speaking about how to make India an advanced economy at the George Washington University, said: "Unemployment numbers are high, disguised unemployment is even higher. A slowdown in hiring in India's huge information technology sector is also to blame for the lack of well-paying, white-collar jobs.

Persons: Rahul Gandhi, Narendra Modi, Modi, Gandhi, —, Manmohan Singh, Arun Kumar, Lokniti, joblessness, Kumar, Raghuram Rajan, Rajan Organizations: DELHI, International Labour Organisation, Institute of Human, Goods, Services Tax, Jawahar Lal Nehru, CNBC, ILO, Bharatiya Janata Party, Indian National Congress, BJP, Modi, India's Labour Ministry, Former Reserve Bank of India, George Washington University, Labor Locations: India, Bihar, New Delhi

☆ India’s economy and elections: Is the hype around Narendra Modi’s vision justified?
▼ + stars: | 2024-04-16 | by ( Diksha Madhok | Rachel Wilson | ) edition.cnn.com time to read: +9 min

New Delhi/London CNN —In just a few days, India will commence the world’s largest democratic election. So, is the hype around Modi’s India, which remains a largely impoverished country, justified? The world’s largest biometric database has also helped the government save millions by reducing corruption in welfare initiatives. Domestic investors, both retail and institutional, have been driving India’s stock market to unprecedented peaks. Still, India’s economy, much like its democracy, is far from perfect.

Persons: Narendra Modi, Indranil Mukherjee, Modi, Himanshu Sharma, Guido Cozzi, Arun Sankar, Billionaire Elon Musk Organizations: London CNN —, Getty, CNN, World, University of St, Unified, Bank, ”, National Stock Exchange of India, bourse, Bombay Stock Exchange, NSE, Shenzhen Stock Exchange, Hong Kong Exchange, World Federation of Exchanges, Macquarie Capital, Apple, Foxconn, Billionaire, International Labour Organization Locations: New Delhi, London, India, China, Beijing, Ajmer, Rajasthan, University of St Gallen, Switzerland, Asia’s, Washington, Sriperumbudur, Chennai, Mumbai's Churchgate, AFP

☆ Why Japan's 'shunto' wage hikes may not bring cheer to over 80% of its workers
▼ + stars: | 2024-04-03 | by ( Lim Hui Jie | ) www.cnbc.com time to read: +1 min

Akihiko Matsuura, president of UA Zensen, center, raises his fist with members of the union during a rally for the annual wage negotiations in Tokyo, Japan, on Thursday, March 7, 2024. But will the "shunto" hikes really work for its legions of salarymen? However, headline inflation, which has been above the Bank of Japan's 2% target since April 2022, hits the entire population. This means that the generous pay raise negotiated by the unions leave out almost 84% of Japan's workforce. The recent wage negotiations are also likely to benefit mostly workers in large Japanese companies, while employees at small and medium enterprises might have to face rising prices without a commensurate hike to their salaries.

Persons: Akihiko Matsuura, Richard Kaye, Comgest, Japan Organizations: UA, Japanese Trade Union Confederation, Japan International Labour Foundation, Bank of Japan's, CNBC Locations: Tokyo, Japan

☆ Myanmar military conscription law sparks panic and fear as youth prepare to flee
▼ + stars: | 2024-02-22 | by ( Helen Regan | Angus Watson | ) edition.cnn.com time to read: +14 min

It’s a terrifying prospect that could become a reality for Anna and millions of her peers across Myanmar after the military junta activated a mandatory conscription law for all young men and women. “While wounded and increasingly desperate, the Myanmar military junta remains extremely dangerous,” Tom Andrews, United Nations Special Rapporteur for human rights in Myanmar, said in a statement. “People know for sure that no matter what is written in the conscription law, they will have to go to the front lines. “In Myanmar, young people are not safe anymore,” said Maung Nyein, who also requested to use a pseudonym for safety reasons. “Our villagers won’t join the military forces or leave the country, instead we will join our resistance forces.

Persons: Anna, ”, “, ” Tom Andrews, — “, Aung, —, Ting Aung, Zaw Min Tun, Young, Kyaw Naing, Sen, Min Aung Hlaing, Kyaw, doesn’t, ” Anna, he’s, he’ll, Khin Ohmar, Stringer, Maung, Maung Nyein, terrifies, Ko, Maung Aye, he’d Organizations: CNN, Thai Embassy, Getty, Analysts, United Nations, People’s Defense Forces, National Unity Government, United, CNN Defense, Armed Forces, Reuters, Facebook, Foreign Ministry, Myanmar, Mandalay People's Defense Forces, Immigration, International Labour Locations: Myanmar, Myanmar’s, Yangon, AFP, United States, Naypyidaw, Thailand, Rakhine, Mandalay, Shan State, “, Shwebo, Sagaing

☆ A millennial teacher who moved from Texas to Denmark shares the pros and cons of living there
▼ + stars: | 2024-02-11 | by ( Madison Hoff | ) www.businessinsider.com time to read: +8 min

Ilana Buhl believes the cons of living in Denmark are minor compared to the pros. Buhl, who moved to Denmark in 2018, finds feeling safer and being in a walkable city are two pros. Buhl, who got her permanent residence permit not too long ago, said "the cons are so minor compared to the pros" in Denmark . Buhl shared with Business Insider some of the pros and cons of living in Denmark after living in Texas. The weather can be one negativeWhile Buhl finds the pros of living in Denmark outweigh the cons, she noted a few downsides.

Persons: Ilana Buhl, Buhl, —, there’s, She’s, Ilana Buhl Buhl, you've, I'm, hasn’t, she’s Organizations: Service, Business, Copenhagen, International Labour Organization Locations: Denmark, Copenhagen, Dallas, American, Hillerød, Texas, Buhl

☆ Indonesia election: Young voters will decide the country’s future, here’s what they care about
▼ + stars: | 2024-02-10 | by ( Rachel Wilson | Rosa Deacostanoya | ) edition.cnn.com time to read: +8 min

With a majority of the electorate under 40 years of age, the candidates are all vying for young voters to claim victory. On the ground, young voters are struggling to find jobs that suit their aspirations.” Yoes Kenawas, doctoral candidate at Northwestern UniversityIn addition to these economic concerns, more young voters also now worry about climate change. The social media battlegroundNearly 80% of people in Indonesia are connected to the internet and people aged 16 to 64 spend an average of more than three hours a day on social media, according to the We Are Social 2023 Digital Report, which provides global social media insights. Wednesday’s results will potentially offer a verdict on how effective social media campaigns have been in addressing young voters’ worries. There is a concern that young voters could get trapped in “a political campaign that is relying on gimmicks,” Kenawas said.

Persons: Indonesia’s, Joko Widodo, Ganjar Pranowo, Anies Baswedan, Prabowo Subianto, — Gibran Rakabuming Raka, Raka, Widodo’s, Subianto, Abigail Limuria, Bijak, ” Abigail Limuria, ”, Yoes Kenawas, ” Yoes Kenawas, Instagram, Kenawas, Muhaimin Iskandar, Mahfud, Gibran Rakabuming Raka, Subianto’s, Widodo, He’s, he’s, ’, ” Kenawas Organizations: CNN, Indonesia, Indonesian Defense, CNN Indonesia, Center for Strategic, International Studies, International Labour Organization, Indonesia’s Central Statistics Agency, Northwestern University, “, CSIS, Widodo Locations: Central Java, Jakarta, Swiss, Indonesia, policymaking, CNN Indonesia

As a Palestinian resident of the West Bank, Handal needs a permit to enter Jerusalem. Israel controls all entry and exit points to the West Bank through roadblocks and checkpoints which are staffed by soldiers and armed police. Ivana Kottasova/CNNIsrael has occupied the West Bank since seizing the territory from Jordanian military occupation in 1967. In the early 1990s, under the Oslo Accords peace agreements, the West Bank was divided into three distinct zones: A, B and C.Area C, which comprises about 60% of the West Bank, is fully Israeli-controlled and forms one continuous territory. The increased violence is forcing many West Bank residents to stay at home.

Persons: Joseph Handal, ” Handal, Israel, Bani Moufleh, ‘ I’ll, ”, Mohammad Jamil, Jamil, Ibrahim, Ibrahim –, Ivana Kottasova, CNN Israel, Volker Turk, “, ” Turk, Mohamad Torokman, Joe Biden, Biden, Benjamin Netanyahu, Handal Organizations: West Bank CNN —, West Bank, CNN, Hamas, Getty, International Labour Organization, Palestinian Authority, West Bank ., Bank, Palestinian Ministry of Health, Jihad, UN Office, Humanitarian Affairs, UN, Fourth Geneva Convention, Reuters, ” Locations: Bethlehem, Old City, Jerusalem, Bethlehem ., Palestinian, Israel, Territories, Nablus, Tulkarem, Hebron, Oslo, Israeli, West Bank . Cities, Handal’s, Oslo Accords, Ramallah, That’s, “

REUTERS/Mohammad Ponir Hossain/File photo Acquire Licensing RightsNEW DELHI, Nov 9 (Reuters) - Global fashion retailers including H&M (HMb.ST) and Gap (GPS.N) are committed to raising purchase prices for Bangladesh-made clothing to help factories there offset higher workers' wages, a U.S.-based association representing more than 1,000 brands said. Asked if they would raise purchase prices by the 5-6% that costs will rise, Stephen Lamar, chief executive of the American Apparel & Footwear Association (AAFA), told Reuters: "Absolutely". "We also renew our pleas for the adoption of an annual minimum wage review mechanism so that Bangladeshi workers are not disadvantaged by changing macroeconomic conditions." Low wages have helped Bangladesh build its garment industry, which employs about 4 million people. Retailers in the United States and Europe are the main buyers of Bangladesh-made clothes.

Persons: Mohammad Ponir Hossain, Stephen Lamar, Lamar, Sheikh Hasina, Hasina, Krishna N, Ruma Paul, Miral Organizations: The Civil Engineering, REUTERS, Labour, American Apparel & Footwear Association, Reuters, International Labour Organization, Abercrombie & Fitch, Bangladesh, Retailers, Thomson Locations: Dhaka, Bangladesh, DELHI, U.S, China, Vietnam, Cambodia, United States, Europe

☆ Working in the sun creates large skin cancer risk, UN agencies report
▼ + stars: | 2023-11-08 | by ( Manav Tanneeru | Giri Viswanathan | ) edition.cnn.com time to read: +5 min

CNN —Working under the sun could be a major cause of skin cancer worldwide, according to new data from the World Health Organization and the International Labour Organization. The two United Nations agencies jointly announced new estimates Wednesday that link working outdoors in the sunlight to non-melanoma skin cancer. The researchers examined cases of workplace exposure to solar radiation and instances of non-melanoma skin cancer across nearly 200 countries. Workplace UV radiation exposure caused 18,960 deaths from non-melanoma skin cancer in 2019, the majority of whom were men. Previous WHO estimates have found that occupational exposure to UV radiation increases the odds of developing non-melanoma skin cancer by 60%.

Persons: It’s, ”, Frank Pega, “, Pega, it’s, Dr, Sanjay Gupta Organizations: CNN, World Health Organization, International Labour Organization, United Nations, WHO, US Centers for Disease Control, WHO’s International Agency for Research, Cancer, Employers, CNN Health Locations: Europe, North America, Australia, Africa

☆ The AI gender gap: Why women are more skeptical about AI than men
▼ + stars: | 2023-11-07 | by ( Aaron Mok | ) www.businessinsider.com time to read: +3 min

There's a gap in how men and women perceive AI, a new poll found. The poll adds to a growing body of research that suggests AI will affect the jobs of men and women differently. In fact, 53% of women surveyed said they would ban their kids from using AI altogether, compared to 26% of men. AdvertisementAdvertisementThe findings on the AI gender gap is an addition to a growing body of research that suggests that the AI revolution will affect men and women differently. The gender gap also affects women already in the AI world: AI startups in the UK founded by women raised six times less than those founded by men over the last 10 years.

Persons: —, Axios, Jordan Marlatt, Marlatt, Erin Young, Jacqueline DeStefano, Nicole Cueto Organizations: Service, International Labour Organization, Pew Research Center, Turing Institute, Omni Business Intelligence Solutions

☆ India debate on 70-hour workweek: Illegal or road to greatness?
▼ + stars: | 2023-11-07 | by ( Charmaine Jacob | ) www.cnbc.com time to read: +2 min

Indians currently work an average of 47.7 hours a week, according to the International Labour Organization. Infosys founder Narayana Murthy recently sparked a controversy on social media when he said young people should be working 70 hours a week to boost India's economy. If we want to achieve greatness, then yes, those are the number of hours and the kind of sacrifices we must make," Kapoor said. Our youngsters must say: 'This is my country, I want to work 70 hours a week,'" he said during a podcast with Indian philanthropist T.V. He told CNBC that "70 hours just sounds like a very high number.

Persons: Narayana Murthy, Ayushmaan Kapoor, Kapoor, Murthy, Rishi Sunak, T.V, Mohandas Pai, Vivek Mudaliar, Mudaliar, wouldn't Organizations: International Labour Organization, Infosys, CNBC, U.S, UK, Reliance Industries, DBS Bank, HSBC Locations: India, China, U.S, Germany, Singapore, Japan

☆ The AI boom is the newest threat to women's presence in the workforce
▼ + stars: | 2023-11-02 | by ( Jacob Zinkula | ) www.businessinsider.com time to read: +4 min

A new study found that 7.8% of jobs held by women, and 2.9% held by men, could be automated. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . From an economic perspective, more women working means more entrepreneurship , fewer labor shortages , and more disposable income to spread around businesses. Retraining workers could help mitigate the impacts of AI job replacementTo be sure, the AI future has yet to be written. AdvertisementAdvertisementHowever, even if AI does pose an additional threat in the years ahead, it won't change things overnight, giving some women time to prepare.

Persons: —, Michael Chui, Julia Pollak, ZipRecruiter, Aaron Terrazas Organizations: Service, International Labour Organization, Pew, McKinsey Global Institute Locations: United States

☆ Billionaire businessman says young Indians should work 70 hours a week
▼ + stars: | 2023-10-28 | by ( Lakshmi Varanasi | ) www.businessinsider.com time to read: +4 min

Narayana Murthy said young Indians should work 70 hours a week. I want to work 70 hours a week," N.R. But Indians already work some of the longest hours of any nationality, averaging around 47.7 hours per week per employed person, according to the ILO. In a post on X, formerly known as Twitter, tech entrepreneur Vishal Gondal wrote: "Respectfully, Narayana Murthy ji, while hard work is crucial, a 70-hr work week may risk burnout and stifle creativity." Respectfully, Narayana Murthy ji, while hard work is crucial, a 70-hr work week may risk burnout and stifle creativity.

Persons: N.R, Narayana Murthy, —, Mohandas Pai, Murthy, Forbes, Pai, Vishal Gondal Organizations: Infosys, Service, T.V, International Labour Organization, ILO, India, United, Emirates Locations: India, Qatar, Congo, Lesotho, Bhutan, Gambia

☆ Employees are increasingly getting 'AI Anxious' — they're worried about falling behind on AI and even pretending to be 'in the know' to colleagues
▼ + stars: | 2023-09-14 | by ( Kai Xiang Teo | ) www.businessinsider.com time to read: +3 min

According to a new LinkedIn report, nearly half of the employees surveyed say they are worried they don't know enough about AI. Nearly 40% said they pretend they know more about AI to seem 'in the know' in front of colleagues. Nearly half, or 49% of the employees surveyed, said they are worried they should know more about AI than they do. Nearly 40% of those surveyed admitted to pretending they know more about AI to seem "in the know" in front of colleagues, per the report. As tools like ChatGPT seep into the workplace, workers have been worried about being replaced by AI.

Persons: Canada —, Goldman Sachs Organizations: LinkedIn, Service, International Labour Organization Locations: Wall, Silicon, Canada, twentyfold

☆ ILO chief: See open-mindedness from the West on immigration issues
▼ + stars: | 2023-09-10 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailILO chief: See open-mindedness from the West on immigration issuesGilbert Houngbo, director-general at the International Labour Organization, speaks to CNBC's Tanvir Gill at the G20 leaders' summit in Delhi.

Persons: Gilbert Houngbo, CNBC's Tanvir Gill Organizations: ILO, International Labour Organization Locations: Delhi

☆ Factbox: Who is attending the G20 summit in New Delhi?
▼ + stars: | 2023-09-08 | by ( ) www.reuters.com time to read: +2 min

People stand infront of Nataraja, a statue of Hindu lord Shiva as the cosmic dancer, installed next to 'Bharat Mandapam', the main venue of the G20 Summit, in New Delhi, India, September 7, 2023. REUTERS/Altaf Hussain Acquire Licensing RightsNEW DELHI, Sept 8 (Reuters) - Leaders from the Group of 20 (G20) major economies kick off an annual summit meeting on Saturday to coordinate policy on food security, debt problems of vulnerable countries and climate action. Here is a list of those attending and some key leaders who are skipping the meeting in the Indian capital, New Delhi. G20 LEADERS:ARGENTINA'S PRESIDENT ALBERTO FERNANDEZ AUSTRALIAN PRIME MINISTER ANTHONY ALBANESE BRAZIL'S PRESIDENT LUIZ INACIO LULA DA SILVABRITISH PRIME MINISTER RISHI SUNAK CANADIAN PRIME MINISTER JUSTIN TRUDEAU FRENCH PRESIDENT EMMANUEL MACRON GERMAN CHANCELLOR OLAF SCHOLZINDIAN PRIME MINISTER NARENDRA MODI INDONESIAN PRESIDENT JOKO WIDODOITALIAN PRIME MINISTER GIORGIA MELONIJAPANESE PRIME MINISTER FUMIO KISHIDA SAUDI ARABIA'S CROWN PRINCE MOHAMMED BIN SALMANSOUTH AFRICAN PRESIDENT CYRIL RAMAPHOSA SOUTH KOREAN PRESIDENT YOON SUK-YEOLTURKISH PRESIDENT TAYYIP ERDOGAN U.S. PRESIDENT JOE BIDENEUROPEAN UNION: PRESIDENT OF THE EUROPEAN COMMISSION URSULA VON DER LEYEN AND PRESIDENT OF THE EUROPEAN COUNCIL, CHARLES MICHELSPECIAL INVITEES:BANGLADESH PRIME MINISTER SHEIKH HASINAEGYPT PRESIDENT ABDEL FATTAH AL-SISIMAURITUIUS PRIME MINISTER PRAVIND KUMAR JUGNAUTHNETHERLANDS PRIME MINISTER MARK RUTTE NIGERIA'S PRESIDENT BOLA TINUBU OMAN'S SULTAN HAITHAM BIN TARIK AL-SAID SINGAPORE PRIME MINISTER LEE HSIEN LOONG UAE PRESIDENT SHEIKH MOHAMMED BIN ZAYEDOTHERS ATTENDINGU.S. Treasury Secretary Janet YellenThe heads of the United Nations, the International Monetary Fund, the World Bank, the World Health Organisation, the World Trade Organisation, the International Labour Organisation, the Financial Stability Board and the Organisation for Economic Cooperation and Development. NOTABLE MISSING GUESTSCHINESE PRESIDENT XI JINPING (represented by Prime Minister Li Qiang)MEXICAN PRESIDENT ANDRES MANUEL LOPEZ OBRADORRUSSIAN PRESIDENT VLADIMIR PUTIN (represented by Foreign Minister Sergei Lavrov)Sources: Reuters, officials, state media and domestic mediaCompiled by Aftab Ahmed and Shivangi Acharya; Editing by Sanjeev Miglani and Raju GopalakrishnanOur Standards: The Thomson Reuters Trust Principles.

Persons: Shiva, Bharat Mandapam, Altaf Hussain, ALBERTO FERNANDEZ, ANTHONY ALBANESE, LUIZ INACIO LULA DA SILVA, JUSTIN TRUDEAU, EMMANUEL MACRON, OLAF SCHOLZ INDIAN, NARENDRA MODI, JOKO, GIORGIA, FUMIO KISHIDA, FUMIO KISHIDA SAUDI ARABIA'S CROWN PRINCE MOHAMMED BIN SALMAN, CYRIL RAMAPHOSA, YOON SUK, TAYYIP ERDOGAN, JOE BIDEN, URSULA VON DER, CHARLES MICHEL SPECIAL, SHEIKH HASINA, ABDEL FATTAH, PRAVIND KUMAR, MARK RUTTE, BOLA TINUBU, HAITHAM BIN TARIK, LEE HSIEN LOONG, SHEIKH MOHAMMED BIN ZAYED, Janet Yellen, XI JINPING, Li Qiang, ANDRES MANUEL LOPEZ, VLADIMIR PUTIN, Sergei Lavrov, Aftab Ahmed, Shivangi, Sanjeev Miglani, Raju Gopalakrishnan Organizations: REUTERS, LUIZ INACIO LULA DA SILVA BRITISH, FUMIO KISHIDA SAUDI ARABIA'S CROWN, CYRIL RAMAPHOSA SOUTH, TAYYIP ERDOGAN U.S, OF, EUROPEAN, CHARLES MICHEL SPECIAL INVITEES, ABDEL FATTAH AL, Treasury, United Nations, International Monetary Fund, World Bank, World Health Organisation, World Trade Organisation, International Labour Organisation, Organisation for Economic Cooperation, Development, Foreign, Thomson Locations: New Delhi, India, DELHI, BANGLADESH, SHEIKH HASINA EGYPT, NETHERLANDS, SINGAPORE, LEE HSIEN LOONG UAE, MEXICAN, RUSSIAN

☆ Climate change adds workplace costs and hazards
▼ + stars: | 2023-09-07 | by ( Mark John | ) www.reuters.com time to read: +6 min

The 57-year-old's death in hospital was announced in late August - just as his trade union was ratifying a deal with UPS on improved heat protections. In a statement to local media, UPS (UPS.N) said it was cooperating with the authorities as they investigated the cause of death. "We train our people to recognize the symptoms of heat stress, and we respond immediately to any request for help," it said. Many European and other usually temperate countries still have no laws establishing maximum work temperatures. "Climate change is such a paradigm shift that all of us need to rethink these legacy economic assumptions," said NELP's Christman.

Persons: patchily, Chris Begley, Halshka Graczyk, Graczyk, Chaya, Anastasia Christman, Owen Tudor, Tudor, Jerome Volle, NELP's, David Stanway, Catherine Evans Organizations: UPS, Teamsters, International Labour Organization, Chiang Mai University, . Occupational Health, Safety Authority, Employment Law, International Trade Union Confederation, Reuters, Thomson Locations: Texas, Paris, Thailand, Myanmar, China, Singapore

☆ About 21 million jobs held by women and 9 million jobs held by men could be replaced by AI: ILO
▼ + stars: | 2023-08-22 | by ( Kai Xiang Teo | ) www.businessinsider.com time to read: +3 min

However, in high-income countries, 21 million jobs held by women have the potential to be automated. In high-income countries, 7.8% of jobs held by women have the potential to be automated — which the ILO estimates to be around 21 million jobs. In contrast, 2.9% of jobs in high-income countries held by men — or around 9 million jobs — face the potential of being automated, as shown in the graf below. About a quarter of clerical workers' tasks face a high exposure to generative AI, and 58% of their tasks face a medium exposure to the technology. For example, the study found that only 4% of service and sales workers' tasks face high exposure to generative AI, and 18% of their tasks face medium exposure.

Persons: —, Goldman Sachs Organizations: International Labour Organization, International Labour, Labour Organization Clerical, McKinsey Locations: graf

☆ AI unlikely to destroy most jobs, but clerical workers at risk, ILO says
▼ + stars: | 2023-08-21 | by ( ) www.reuters.com time to read: +2 min

AI (Artificial Intelligence) letters and robot hand are placed on computer motherboard in this illustration taken, June 23, 2023. It warned, however, that clerical work would likely be the hardest hit, potentially hitting female employment harder, given women's over-representation in this sector, especially in wealthier countries. An explosion of interest in generative AI and its chatbot applications has sparked fears over job destruction, similar to those that emerged when the moving assembly line was introduced in the early 1900s and after mainframe computers in the 1950s. But most other professions, like managers and sales workers, are only marginally exposed, it said. Still, the U.N. agency's report warned that the impact of generative AI on affected workers could still be "brutal".

Persons: Dado Ruvic, Emma Farge, Alison Williams Organizations: REUTERS, Rights, International Labour Organization, Thomson

The International Labour Organization (ILO), of which Cambodia is a member, permits prison labour provided it is not forced. The companies, which Sopheak confirmed were W Dexing Garment (Cambodia), IGTM (Cambodia) and Chia Ho (Cambodia) Garment Industrial, did not respond to requests for comment. It said it learned in February that Cambodia was investigating and that the prison workshops had been suspended. Centric told Reuters in an email in June that it had "placed on hold" imports from a factory in Cambodia and would "immediately terminate" any supplier found to be using prison labour. CAMBODIA INVESTIGATESPrison labour at CC2 potentially puts Cambodia at odds with the U.S. Generalized System of Preferences, which grants duty-free benefits to eligible developing nations.

Persons: Keo Chhea, Sopheak, Chia Ho, AAFA's, Ken Loo, Aun, Loo, Calvin Klein, Tommy Hilfiger, amfori, Klot Dara, Stephen Lamar, Nate Herman, Clare Baldwin, Katherine Masters, Siddharth Cavale, John Shiffman, Kristina Cooke, David Crawshaw, Kay Johnson Organizations: Correctional, Google, REUTERS Acquire, Walmart, Centric Brands, Reuters, American Apparel and Footwear Association, International Labour Organization, ILO, Cambodian Ministry of Commerce, State, European Union, Japan, Garment, Human Rights, Textile, Apparel, Footwear, Travel Goods Association, IZOD, U.S . Federal Trade Commission, U.S, Travelway, Centric, Better Factories, BFC, amfori's Business, Authentic Brands, U.S . Trade, CC2, Cambodia's Ministry of Interior, General Department of Prisons, Facebook, Thomson Locations: Phnom Penh, Cambodia, PHNOM PENH, U.S, Washington, AAFA, IGTM, Canada, Better Factories Cambodia, CC2, CAMBODIA, Cambodia's U.S, New York, Los Angeles

☆ The 'secret sauce' that helps Shein predict the next hot trend has nothing to do with AI, company exec says
▼ + stars: | 2023-08-18 | by ( Jennifer Ortakales Dawkins | ) www.businessinsider.com time to read: +7 min

But the way Shein uses data and determines demand has been a point of contention. Just as TikTok or Instagram tracks what you search or how long you engage with a particular video, Shein gathers similar data from its shoppers. This is a common practice in retail — many other brands track similar data on their sites. To measure demand, Shein's site then conducts statistical sampling to understand what sequence of steps led a customer to any given purchase. Kristy Sparow/GettyThe 'secret sauce' behind Shein's on-demand fashionThe technology Shein uses to determine trends isn't new — many online retailers collect similar data to track customer behaviors.

Persons: Shein, Peter Pernot, Shein's, Kristy Sparow, Hailey Bieber Organizations: Service, International Labour Locations: Wall, Silicon, Guangdong province, China, Brazil, Turkey

☆ Harvard-trained financial expert: How to let go of 'self-sabotaging beliefs and habits around money'
▼ + stars: | 2023-08-09 | by ( Ana Teresa Solá | ) www.cnbc.com time to read: +5 min

Thakor, a certified financial planner and a chartered financial analyst who has an MBA from Harvard, wants to help people shed work addiction and "self-sabotaging beliefs and habits around money, careers [and] accomplishments." And you feel almost compelled in a subliminal, toxic way to keep chasing after these things. ATS: Can you explain the Buddhist concept of the hungry ghosts and how it's connected to the feeling of "never enough?" My argument is that it's because people are experiencing the symptoms of a society that's been built on this false belief that the answer to our collective angst is pursuing more money, work and more prestige. Those things turn us into hungry ghosts because they have no finish line — you can never get enough of them.

Persons: Manisha Thakor, Ana Teresa Solá, it's, they're, — Organizations: Getty, World Health Organization, International Labour Organization, Harvard, Finance, Workers, Bank of America, ATS Locations: overworking, U.S

☆ Subomi Plumptre: A woman on a mission to build prosperity in Africa
▼ + stars: | 2023-07-31 | by ( Susan Williams For Cnn | ) edition.cnn.com time to read: +6 min

However, one woman says she has made it her life’s mission to empower Africa’s squeezed middle class. She is the co-founder of Volition Cap, an investment cooperative that aims to help Africans build wealth and financial stability. But the middle class are the ones that create the most small and medium scale enterprises. So my focus on the middle class is actually very deliberate, because I realize that the middle class is the economic destiny of Africa,” Plumptre told CNN. That was what happened to my parents.”This tragedy made Subomi realize that she, like many middle class individuals, lacked a safety net when faced with critical emergencies.

Persons: Africa’s, Cap, Plumptre, ” Plumptre, “, ” Organizations: CNN, African Development Bank Group, International Labour Office, World Bank, SEC Locations: Nigeria, Africa, Europe, America

☆ As the world gets hotter, millions of workers face up to the challenge of heat stress and productivity losses
▼ + stars: | 2023-07-05 | by ( Anmar Frangoul | ) www.cnbc.com time to read: +7 min

According to those involved in the report's production, warmer working environments can create some very challenging scenarios indeed. Issues relating to productivity also apply to equipment, facilities and buildings, Fox said. "The economic losses due to heat stress at work were estimated at US$280 billion in 1995," the U.N. agency said. "This clothing can be quite cumbersome … and quite hot to wear, even under cold conditions," Fox said. Fox noted that buildings of this type haven't particularly been designed with heat ingress — especially extreme heat ingress — in mind.

Persons: Tim Fox, Fox, Marco Bertorello, that's, Laura Kent, Jorge Guerrero, Yolanda Díaz, Díaz, It's Organizations: World Meteorological Organization, of Mechanical Engineers, CNBC, International Labour Organization, Workers, AFP, Getty, ILO, Fox, Factories, Health, Safety, Spain's, Labour, Social, State Meteorological Agency, Spain's Labour Ministry, Reuters, heatstroke . Trade, Union Locations: Europe, Italy, Ronda, Spain, Madrid, heatstroke, Britain, Ireland

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