The global economy is on track to do well in 2018. Fitch Ratings predicts that the world will experience a 3.3 percent economic growth next year; but thereafter, things could turn gloomy. CEO Paul Taylor told Cheddar that a lack of employees will become a global economic problem.
Taylor says that, particularly in developed economies, issues such as changing demographics, aging populations, and immigration will impact the world’s ability to fill jobs. However, Taylor foresees that overpopulated places such as India and Africa will not be affected.
“We are going to be stretched to employ enough people to keep our economies going,” he said, adding, “we just wouldn’t have enough workers, absent of the I.T. revolution.”
Taylor says that a growing mobile workforce, where employees work remotely via devices on the global internet, can be the solution to an impending economic doom.
The Society for Human Resource Management says that by 2020, the mobile workforce is projected to make up about 75 percent of U.S. employees, and that a whooping 81 percent of these workers already take full advantage of their companies’ “work from home” policies. Still, the report points out that over a quarter of mobile workers say working remotely can lead to miscommunication with co-workers.
But Taylor believes that remote work is still the key to success.. “You need a fluid workforce,” he says. “I think it’s having a mobile global workforce.”
Nvidia reported a 56% increase in second-quarter revenue and a 59% rise in net income compared to a year ago.
The Rev. Al Sharpton is set to lead a protest march on Wall Street to urge corporate America to resist the Trump administration’s campaign to roll back diversity, equity and inclusion initiatives. The New York civil rights leader will join clergy, labor and community leaders Thursday in a demonstration through Manhattan’s Financial District that’s timed with the anniversary of the Civil Rights-era March on Washington in 1963. Sharpton called DEI the “civil rights fight of our generation." He and other Black leaders have called for boycotting American retailers that scaled backed policies and programs aimed at bolstering diversity and reducing discrimination in their ranks.
President Donald Trump's administration last month awarded a $1.2 billion contract to build and operate what's expected to become the nation’s largest immigration detention complex to a tiny Virginia firm with no experience running correction facilities.
Netflix CEO Ted Sarandos claims audiences don't want to watch Netflix movies in theaters, but that seems not to be the case recently.
Chipmaker Nvidia is poised to release a quarterly report that could provide a better sense of whether the stock market has been riding an overhyped artificial intelligence bubble or is being propelled by a technological boom that’s still gathering momentum.
Cracker Barrel said late Tuesday it’s returning to its old logo after critics — including President Donald Trump — protested the company’s plan to modernize.
Low-value imports are losing their duty-free status in the U.S. this week as part of President Donald Trump's agenda for making the nation less dependent on foreign goods. A widely used customs exemption for international shipments worth $800 or less is set to end starting on Friday. Trump already ended the “de minimis” rule for inexpensive items sent from China and Hong Kong, but having to pay import taxes on small parcels from everywhere else likely will be a big change for some small businesses and online shoppers. Purchases that previously entered the U.S. without needing to clear customs will be subject to the origin country’s tariff rate, which can range from 10% to 50%.
Southwest Airlines will soon require plus-size travelers to pay for an extra seat in advance if they can't fit within the armrests of one seat. This change is part of several updates the airline is making. The new rule starts on Jan. 27, the same day Southwest begins assigning seats. Currently, plus-size passengers can pay for an extra seat in advance and later get a refund, or request a free extra seat at the airport. Under the new policy, refunds are still possible but not guaranteed. Southwest said in a statement it is updating policies to prepare for assigned seating next year.
Cracker Barrel is sticking with its new logo. For now. But the chain is also apologizing to fans who were angered when the change was announced last week.
Elon Musk on Monday targeted Apple and OpenAI in an antitrust lawsuit alleging that the iPhone maker and the ChatGPT maker are teaming up to thwart competition in artificial intelligence.
