The Economist reports a new golden age for workers, with rising pay and plentiful opportunities for blue-collar workers. This transformation is attributed to three key forces: demand, demography, and digitization. The wage gaps are shrinking in the rich world, and real wages are on the rise in America and rebounding in Europe. Governments are supporting demands for higher wages by spending big and running economies hot. The mid-2010s, once considered a terrible time for workers, have now given way to a golden age for workers.
A blue-collar bonanza is under way. Three forces that shape labour markets—demand, demography and digitisation—have each shifted in ways that benefit workers. Read how https://t.co/Wm1njLeH8Z 👇
In the rich world, workers now face a golden age. Governments are spending big and running economies hot, supporting demands for higher wages, and are likely to continue to do so https://t.co/z3aRpQRi1Y 👇
Almost everyone agreed that the mid-2010s were a terrible time to be a worker. How things change. In the rich world, workers now face a golden age. Read why https://t.co/OarSByrQAI 👇
Around the rich world, wage gaps are shrinking. If the blue-collar age endures, the effect will be profound https://t.co/YykavkE7cv 👇
Real wages have risen in America and are rebounding in Europe https://t.co/9AgLqALcGs via @TheEconomist
'Welcome to a golden age for workers.' How employment and pay is being transformed for the better.' @TheEconomist 'If in doubt: always bet on American dynamism.' https://t.co/0gvuHn9W61
. @TheEconomist says "three forces that shape labour markets—demand, demography and digitisation—have each shifted in ways that benefit [blue-collar] workers", increasing their wages. Afaict digitisation is much less of a driver than low unemployment. https://t.co/H9nys1TqCp https://t.co/6THlQ7fnk2
. @TheEconomist says "three forces that shape labour markets—demand, demography and digitisation—have each shifted in ways that benefit [blue-collar] workers", increasing their wages. Afaict digitisation isn't much less of a driver than low unemploment. https://t.co/H9nys1TqCp https://t.co/DqGZjzo4Dd
A new age of the worker will overturn conventional thinking. Plentiful opportunities and rising pay mean a blue-collar bonanza is under way https://t.co/S6ru5eTLFh https://t.co/EsnZt5cS0E