Hot Topics At Davos 2014: Jobs, Income Inequality
Global elite recognize and discuss pressing problems
Job creation, income inequality, women and healthcare were the choice topics of elite global leaders at the Davos World Economic Forum on its opening day.
The theme this year is "The Reshaping of the World: Consequences for Society, Politics and Business." The Davos Group's publication Global Risks 2014 has noted that the most likely economic risks facing the world today are income disparity and unemployment and underemployment. It'll be a heavy five-day discussion set against the dreamy Swiss Alps of Davos.
Here are highlights for those of you who weren't lucky enough to be invited (or didn't have $44,000 to attend.)
Many countries around the world are experiencing a jobs crisis. The United States has not fared much better; its economy is still eight million jobs away from regaining its health. And in this global era, other countries' economic problems hold back American growth as much as the reverse.
Davos 2014: Unions call for leaders to reshape the world economy with jobs and decent wages http://t.co/zHLHQYXRNk- Norwood Orrick (@BlogWood) January 22, 2014
Income inequality is soaring all over the world. A recent Oxfam study found that the 85 richest people on earth have as much wealth as the world's poorest people. The 99% conversation, which started one fateful autumn day on a small New York City block called Wall Street, has gone global.
Women in the Workforce
Warren Buffet wants to invest in them. Marketers want to court them. Company executive boards want them (or should if they want to close deals faster). Women are a hot topic today, from how they look to where they're working. And while the United States is far ahead of many countries in leveling the gender playing field, the world leader has plenty of room for improvement – especially for women of color.
"women are more likely to invest their incomes in their families & communities, driving GDP up & illiteracy & mortality rates down" #davos- Catalytic Women (@catalyticwomen) February 7, 2013
Walter Cronkite famously said, "America's health care system is neither healthy, caring, nor a system." The Obama administration has made a step in the right direction by making healthcare a national priority.
@Davos Wouldn't cheaper medicine development help health care and global growth?- Steven Callens (@scalle0) January 22, 2014
Mariya Pylayev is a multimedia journalist who specializes in web and video production. She graduated from the CUNY Graduate School of Journalism. She has contributed to CNNMoney, CUNY TV’s 219West and WNYC. Her work has also been featured in L Magazine, Feet in 2 Worlds and The Independent Media Channel. Follow her on Twitter: @mariyapy