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Nearly 80 percent of the US gender pay gap is driven by women having flatter work experience arcs compared with men, based on an analysis of 86,000 real-life online career histories.
Arenas are industries that transform the business landscape. Eighteen future arenas could reshape the global economy and generate $29 trillion to $48 trillion in revenues by 2040.
US micro-, small, and medium-size enterprises, like their global counterparts, struggle with productivity. But a win–win economic fabric connecting all businesses can maximize their potential.
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Reports issued by the McKinsey Global Institute are often cited in international media, and MGI authors frequently contribute to leading business publications.
About 4.7 billion people are below the “economic empowerment line” – meaning they can’t afford the daily basics essential for a decent quality of life. The problem is concentrated in lower- and middle-income economies, but about 270 million live in high-income economies, surrounded by prosperity. While governments are key to reducing poverty and raising living standards, the private sector can tailor initiatives to economically empower more people, write Kweilin Ellingrud and Kevin Russell in World Economic Forum.
With their working-age populations shrinking, many emerging economies are set to experience the same demographic problems plaguing developed countries. They must act now to prepare for the moment when their demographic dividend fades and the burden of supporting an older population becomes unavoidable, write Anu Madgavkar and Marc Canal Noguer in Project Syndicate.