Industrial robots cut into employment and pay for workers, based on an new analysis of local data stretching from 1990 and 2007. The change had the biggest impact on the lower half of the wage distribution, so it probably worsened America’s wage gap. Source: Bloomberg
GEFIRA provides in-depth and comprehensive analysis of and valuable insight into current events that investors, financial planners and politicians need to know to anticipate the world of tomorrow; it is intended for professional and non-professional readers.
The Gefira bulletin is available in ENGLISH, GERMAN and SPANISH.
On Tuesday at around 2:45 pm, less than half an hour after the start of the meeting in Bercy, which was supposed to bring together the State and the representatives of the workers in Creus, a number of the workers who remained there triggered several fires in the region. GM & S factory.A pungent odor of tires, pallets and cartons quickly invaded the hangars triggering all safety devices. Source Liberation
The rebound in China’s coal mining and consumption this year is temporary and will not have significant implications for China’s commitment to emissions reduction targets over the long run, said an environmental expert. Source People’Daily
The Bank of England plans to increase capital requirements for U.K. lenders by 11.4 billion pounds ($14.5 billion) to tackle risks posed by the recent rapid growth in consumer credit and prepare for the uncertain outcome of Brexit talks. Source Bloomberg