The Venice city center isn’t what it used to be. That’s why the city is making a play to attract skilled remote workers and companies. Venice is trying to replace its tourism-heavy economy with remote workers and nomadic workers through their Venywhere program. But is the pandemic really a good time to diversify an economy?
What else matters this week?
Microsoft is betting big on the metaverse: they’ve purchased gaming company
Activision Blizzard, positioning them as a major rival to Facebook.
Studies show that half of today’s 5-year-olds will live to 100. Here’s what that means for the world of work – and the pace of work as we know it.
Oil prices reached a seven-year high this week, threatening to drive up global inflation amid supply woes.
The Great Resignation has left business leaders looking for new ways to attract and retain talent. Building a culture of corporate empathy could be one part of the solution.
We’ve got a full breakdown of all the top headlines you can’t miss this week.
#1. International Labour Organization downgrades labour market recovery forecast for 2022
The global economy might not recover as quickly as previously thought. This week, the International Labour Organization (ILO) downgraded their forecast for the labour market recovery in 2022. The new forecast looks a little more bleak: the organization expects a deficit in the hours worked globally equivalent to 52 million full-time jobs.
The project is still an improvement on the 2021 situation, but it remains 2% lower than the number of global hours worked pre-pandemic. Across the globe, unemployment is expected to remain above pre-COIVD-19 levels until at least 2023. Read more at the ILO.