With a recession seeming imminent, many Canadians are rightfully concerned about the state of their finances. Here are some ways you can be prepared for one.
While the official figures are lower than earlier estimates of job losses, they also show certain types of employees – casual, non-academic and younger staff – bore the brunt of the staff cuts.
Cities that have vibrant cultural and public services tend to withstand mass plant closures and layoffs better than communities lacking them, and young people either move to them after plant closures or remain living in them.
THE CANADIAN PRESS/Paul Chiasson
Preliminary research suggests cultural and social services retain or attract employees hard hit by plant closures in other communities. Preserving them may help cities withstand future crises.
Changes to National Employment Standards have done little for casual staff hoping for conversion to ongoing positions. A comprehensive review of university work and employment is long overdue.
While 18 universities suffered medium to high financial impacts, the incomes of eight increased or were stable. Overall revenue fell 5% – less than feared – but 35,000 staff lost their jobs.
Many Balinese believe COVID-19 cannot be fought with health measures alone, and requires ritual offerings and prayer. But collective ritual places people at more risk.
A mural by Amanda Newman in Northcote, Melbourne, depicts Ai Fen, a Wuhan Central Hospital doctor who was reprimanded for raising the alarm about COVID-19 in December 2019.
Photo: Carl Grodach
The inner suburbs are home to large numbers of workers in jobs vulnerable to the pandemic. If they’re forced to seek cheaper housing in outer suburbs, the urban divide will widen.
The national broadcaster has announced more cuts to its services, including 250 job losses and the axing of the major 7:45am news bulletin. It is the latest in a long line of blows to the ABC.
People queue to receive food during a distribution.
Marco Longari/AFP
Representatives of tenants and agents agree that leaving individuals to try to sort out rent reductions has created a mess. It calls for government to step in to look after both renters and landlords.
Unemployed people wait outside a government office in NYC in 1933.
AP Photo
Some economists are predicting joblessness to surpass the record level experienced at the height of the Great Depression as 22 million people file for unemployment benefits.
As New Zealand enters a four-week lockdown, some business leaders will get their workers through better than others. Five key principles can make all the difference.
A recent study conducted by Brookings Institute researchers found artificial intelligence could “affect work in virtually every occupational group”. However, it’s yet to be seen exactly how jobs will be impacted.
SHUTTERSTOCK
As machine automation and artificial intelligence surge, there’s paranoia our jobs will be overrun by robots. But even if this happens, work won’t disappear, because humans need it.
South Africans with jobs fear that automation could make them redundant.
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South Africa’s finance minister delivered a budget that tried to balance serving the public interest, while maintaining the stability of public finances.