John Gallagher Detroit Free Press Published 6:00 AM EST Dec 2, 2018 If you want to see the future of the American middle class, look no further than next year's contract talks between the UAW and U.S. automakers. For the past 70 years, what happened to America's middle class often happened first at UAW negotiations here in Detroit. In the 1940s, the UAW under its legendary leader Walter Reuther won concessions we now think of as middle-class entitlements. The UAW won the first paid holidays for General Motors workers (in 1947), the first employer-paid and jointly administered pension program at Ford (in 1949), and fully paid hospitalization, surgical and medical insurance for retirees (in 1964). Those victories by the UAW helped create broad middle-class prosperity in the United States. They helped define what became known as the American Century, the dominance on the world stage of the American example. "The UAW was a huge leader in establishing many of the … [Read more...] about Can UAW still deliver benefits to broader US middle class?
Middle class emerging markets
Blanca Pacheco-Jones, a teacher at Patrick Henry K-8 School, is happy to be back at work and on her feet after losing her home and going into debt following a layoff from LBUSD during the economic downturn. She's still rebounding from the recession but is now somewhat back on her feet after being rehired by the school district 2 years ago. Long Beach April 14, 2015. (Photo by Brittany Murray / Daily Breeze) Blanca Pacheco-Jones, a teacher at Patrick Henry K-8 School, is happy to be back at work and on her feet after losing her home and going into debt following a layoff from LBUSD during the economic downturn. She's still rebounding from the recession but is now somewhat back on her feet after being rehired by the school district 2 years ago. Long Beach April 14, 2015. (Photo by Brittany Murray / Daily Breeze) Blanca Pacheco-Jones, a teacher at Patrick Henry K-8 School, is happy to be back at work and on her feet after losing her home and going into debt following a layoff from … [Read more...] about Middle class minorities face unique challenges following recession
Driving That Influence Will Be 900 Million New Internet Users, According to a New Report from BCG. In Four Years, Emerging Markets Will Account for 3 Billion Online Users—Three Times the Number in Developed Markets TIANJIN, China, Sept. 18, 2018 (GLOBE NEWSWIRE) -- The value of digitally influenced spending in emerging markets will approach $4 trillion by 2022, amounting to about 50% of all retail spending in Asia, Latin America, and Africa. But the dynamics will vary widely between markets, requiring B2C companies to “de-average” their offerings in order to succeed, according to a report by The Boston Consulting Group (BCG) that is being presented today at the World Economic Forum here. The report is titled Digital Consumers, Emerging Markets, and the $4 Trillion Future. /EIN News/ -- Half of the population in emerging markets worldwide is now connected to the internet, the report says—a stunning increase from 2010, when fewer than a quarter of those in … [Read more...] about Digital Will Influence $4 Trillion in Retail Purchases in Emerging Markets by 2022
By Matt Wirz Matt Wirz The Wall Street Journal BiographyMatt Wirz [email protected] July 15, 2018 10:00 a.m. ET 1 COMMENTS Persian Gulf sovereign-bond prices jumped as much as 9% in recent weeks ahead of their probable inclusion in JPMorgan Chase JPM -0.46% & Co.’s emerging-market indexes, a reflection of the growing power that index providers wield in markets that are increasingly dominated by large passive investment funds. The proposed change would fundamentally transform the emerging-market asset class, increasing its size by about 12% and adding Gulf Cooperation Council, or GCC, nations that are far wealthier than the norm in the developing world. JPMorgan is expected to add Bahrain, Kuwait, Qatar, Saudi Arabia and the United Arab Emirates to the indexes, which already include Oman, before the end of the summer but could still decide not to proceed with the addition, bond-fund managers said. “There is a need to recognize that GCC countries … [Read more...] about Emerging-Market Investors Flood Persian Gulf
NEW YORK, June 21, 2018 (GLOBE NEWSWIRE) -- TransPerfect, the world's largest provider of language and technology solutions for global business and the leading content globalization partner for the travel industry, today announced the release of a digital report entitled The Future of Travel. /EIN News/ -- Independently authored by VICE Media, extensive research and surveys were conducted to uncover key global high-value travelers over the next 20 years. Economic forecasting identified eight countries spread over three distinctive regions as the most significant emerging markets for youth travel. These markets have large and growing youth populations with access to resources that will enable them to shape global travel as they enter their peak earning, spending, and traveling years. Latin America: Mexico, Colombia, and Argentina Middle East: Turkey, Saudi Arabia, and United Arab Emirates Southeast Asia: Indonesia and the Philippines The current youth population, … [Read more...] about TransPerfect Sponsors Independent Study Conducted by VICE Media Identifying the Impact of Young Travelers on Key Emerging Markets in the Travel Industry