Hello. Today we look at the future of work, Brazil’s recovery and what surging copper prices tell us about the global economy.
The Jobs of Tomorrow
There was good news for American workers this week as McDonalds and Chipotle raised wages and Amazon detailed plans to boost hiring.
The announcements came amid the intensifying debate over why companies are struggling to find staff despite elevated unemployment and what that means for inflation. Questions over social justice and income inequality are also increasingly being asked of corporations.
Beyond the here and now, strategists at Bank of America are looking at the longer-termfuture of work.
Their call, made in a report to clients this week, is that the labor markets of tomorrow won’t be driven by traditional white- or blue-collar work given technologies will advance and societies will have different needs.