• Wed
  • Nov 26, 2014
  • Updated: 10:06am


High minimum wage kills jobs and makes poor worse off

US President Barack Obama set the chattering classes abuzz after his unilateral decision to raise the minimum wage for newly hired federal contract workers.

Tuesday, 1 April, 2014, 3:21am 7 comments

Trade-off between productivity gains and job losses isn't so simple

A popular view these days is that robots and labour-saving technologies are destroying jobs and creating a growing group of disillusioned people who harbour a deepening sense of alienation from society.

If true, the future indeed looks bleak.

20 Feb 2014 - 5:00am

Jobless rate in Australia hits 10-year high

Australia's jobless rate unexpectedly jumped to a decade high last month, intensifying concerns about the future of the manufacturing sector as global carmakers prepare to pull out.

14 Feb 2014 - 4:22am

Surprise Australian jobs slide revives risk of rate cut, hammers currency

Australian employers shed jobs at the fastest pace in nine months last month while full-time positions suffered their biggest drop since mid-2011, an unexpected blow that hammered the Australian dollar to its lowest level in more than three years.

17 Jan 2014 - 12:20am

EU leaders meet in Paris to tackle youth employment

Europe’s leaders gather in Paris on Tuesday to discuss ways of tackling youth unemployment, in the latest of a flurry of meetings and measures since German leader Angela Merkel said it was the most pressing issue facing the continent.

12 Nov 2013 - 9:57pm

British job vacancies highest in 4 years, but wages stay flat

The number of advertised jobs in Britain rose to its highest level in four years in September, according to a survey released by a jobs website on Tuesday, another sign that the economic recovery is gaining momentum.

1 Oct 2013 - 11:53am

Merkel ushers jobless EU youth talks on to campaign trail

Chancellor Angela Merkel on Wednesday hosts EU talks on felling sky-high youth unemployment less than three months before German elections after coming under fire for championing austere spending cuts and helping to create a “lost generation”.

1 Jul 2013 - 11:29am

EU leaders pledge €8b on jobs for youth

The threat of a "lost generation" of young Europeans added urgency to the talks in Brussels, even though the pressure from the financial markets seen at the height of the euro-zone debt crisis has eased in recent months.

29 Jun 2013 - 1:51am

Norway’s economic star begins to lose its shine

A boiler towers over a fjord on Norway’s south coast from a 116-year-old pulp mill, the largest employer in the town of Tofte.

The 300 jobs may be gone by September, the deadline set by the loss-making plant’s Swedish owner to find a buyer or close, victim of high wage costs, the strong Norwegian currency and the debt crisis that has hurt its local European markets.

27 Jun 2013 - 2:56pm

EU summit aims to rescue ’lost generation’

EU leaders begin a two-day summit on Thursday aiming to put the worst of the euro zone crisis behind them with an action plan to tackle youth unemployment now hitting one out of four European youngsters.

27 Jun 2013 - 2:43pm

French jobless total stable in May at record high

The number of unemployed people in mainland France was stable in May with a negligible rise of 100 people, just nudging the total to a new all-time high of 3,264,500, labour ministry data showed.

27 Jun 2013 - 12:34pm

Educated with a dead-beat job the unseen legacy of Europe’s crisis

As the first anniversary of her graduation in eco-tourism and cultural history approaches, Linnea Borjars remains jobless and frustrated.

After finishing her studies at Sweden’s Linkoping University, the 25-year-old accepted an unpaid, part-time position at Fair Travel, a non-profit group focused on human rights and tourism, hoping it would lead to a full-time job and a salary.

26 Jun 2013 - 3:18pm 1 comment

‘Dear Italy, I have left, but would return if...’

As thousands of Italians leave the country to look for work elsewhere, one young journalist’s blog claims to offer “a megaphone for this generation,” a voice to all those who profess to be ready to return “if...”.

25 Jun 2013 - 11:55am

As number of jobless Indians grows, so will anger

Talk to any Indian CEO in any industry and the same cri de coeur emerges - the impossibility of finding skilled manpower. Talk to any ordinary Indian youth and the talk is of desperation to find a job.

What was being touted a few years ago as India's "demographic dividend" - its large population of working-age people - has gone horribly wrong.

5 Jun 2013 - 12:48am

Mortgage foreclosures surge in Northern Ireland

Belfast retail worker Chantal McCarthy never thought she would have to find a new home at the age of 57, but her husband lost his job as a builder three years ago and their finances have since spiralled downward.

5 Jun 2013 - 4:40am 1 comment