How old will you be when the global gender gap closes?With International Women’s Day happening earlier this week, it seems fitting to share a few recent studies on gender inequality and the
value of women's work around the world. The World Economic Forum (WEF) released the 10th edition of its Global Gender Gap Report late last year. The report tracks global gender-based disparities over time in four areas: Economic
Participation and Opportunity, Educational Attainment, Health and Survival, and Political Empowerment. Of the 145 countries included in the 2015 edition, Canada ranked 30th and the United States 28th, compared to 14th and 23rd respectively out of 115 countries in 2006. A decade of data offers some fascinating insights into the progress, or lack thereof, in closing these gaps. According to the report, the global economic gap has closed just 3% in the past ten years. At that rate of progress, it will take 118 years to close completely. Check out the Gender Gap Calculator to find out how old you’ll be at that point and to get a summary of your country’s gender gaps and progress towards closing them. The report also includes analysis of trends, provides an economic case for gender equality, and shares implications for business practices and public policy. The WEF argues that women have an important role to play in the workforce as we look for ways to navigate the Fourth Industrial Revolution. For those looking for more on how to accelerate gender parity, EY’s Who Holds the Key to Closing the Skills Gap? report explores five actions that could help to foster equality and close global skills gaps. Three of these actions are aligned with different stages in women’s careers (entrant, express, and experienced) and two are aligned with key forces that influence women’s careers (digital technology
and the media). A new report from Oxfam Canada and the Canadian Centre for Policy Alternatives also provides policy recommendations for building more equitable economic and political systems.
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A fresh look at creativity, clusters, and competitivenessRichard Florida and his colleagues at the Martin Prosperity Institute recently released an interesting study that blends Michael Porter’s industrial cluster theory and Florida’s research on creative and routine occupations to explore their impact on economic development. In
Creativity, Clusters and the Competitive Advantage of Cities, the authors identify four major industrial-occupational categories: creative occupations in traded industries (creative-in-traded), creative occupations in local industries (creative-in-local), routine occupations in traded industries (routine-in-traded), and routine occupations in local industries (routine-in-local). The study examines the shares of American employment in each category and analyzes their relationships with regional economic development indicators in more than 250 metro areas
in the United States. The study finds that employment in the creative-in-traded category is positively associated with higher levels of innovation and higher levels of economic output per capita. Metro areas with higher shares of this kind of employment see higher overall incomes and wages, with creative-in-traded industries having the highest wages of the four categories. According to the study, 46% of workers in traded industries, which compete based on creativity and innovation, are in creative jobs. This category tends to be clustered along the East and West Coasts of the US. It’s not all good news for metro areas with higher shares of creative-in-traded employment, though. There is a significant positive
association between shares of creative-in-traded jobs and higher inequality, while the share of routine-in-traded jobs is negatively associated with inequality. On the other end of the spectrum, routine-in-traded (largely in manufacturing) and routine-in-local employment is negatively associated with wages and innovation, and routine-in-local employment is negatively associated with economic output per capita. To counter this, the report argues that industry and governments must work to make routine jobs into more creative ones in order to increase competitiveness and economic sustainability.
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Survey invitationPlease take a few minutes to complete a
survey on the establishment of a pan-Canadian, grassroots forum that will build workforce development capacity and effectiveness at the local, regional, provincial and national levels. A Canadian Workforce Development Forum would connect people and jobs in a way that strengthens economic competitiveness and quality of life for all communities.
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Company CornerHarry Shnider joins the MDB Insight team The MDB Insight team recently welcomed Harry Shnider as a Senior Consultant. Harry brings with him a background in both policy and
development planning. Based in Alberta, he has more than 20 years of private and public sector experience. Prior to joining MDB Insight, Harry was a senior planner with an urban/rural municipality in the Edmonton region. His career has taken him to many interesting parts of Canada, including three years in the service of the Government of the Northwest Territories. Living in Rankin Inlet and Yellowknife, he was able to provide project management services to smaller regional communities and helped communities build capacity to manage lands transferred to their control by the Nunavut Land Claim. A big-picture thinker, Harry enjoys the wider frame of reference that MDB Insight’s strategic planning provides to clients. He thrives on complex projects, and enjoys working with diverse stakeholders, including government agencies, community associations, and interest groups. His strength lies in explaining technical concepts to the public in plain language. Harry was born and raised in Flin Flon, Manitoba. He holds a BA in Political Science from the University of Saskatchewan and a BES in Urban and Regional Planning from the University of Waterloo.
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Which is a better investment for your community: Startups or large companies?Conventional wisdom has it that large corporations are a huge boost to a local economy, generating new job opportunities and all the knock-on spending effects that come with them. In an effort to attract them, cities often offer large corporations millions of dollars in subsidies and tax breaks. While big corporations play an
important role for local economies, new research suggests that startups and small businesses could give them a run for their money. The recent Center on Budget and Policy Priorities (CBPP) report, State Job Creation Strategies Often Off Base, makes the case that most new job creation during periods of healthy economic growth comes from startups, entrepreneurs, young and fast-growing companies, and the
expansion of employment at existing companies within a state. Startups in particular were identified as being good at creating new jobs (even after taking into account the fact that half of all startups fail in the first five years). While the CBPP research found that “older” firms actually tended to have annual net losses of jobs, the surviving startup businesses collectively created 2.4 million new jobs by the end of the five year study period. Jobs that moved into one state from another (usually representing larger corporations) generally represented only 1%
to 4% of total job creation each year. These findings take on a different meaning when coupled with a study by the organization Good Jobs First (an organization promoting corporate and government accountability in economic development), called Shortchanging Small Business: How Big Businesses Dominate State Economic Development Incentives. This research found that billions of state and local
economic incentive dollars aimed at small businesses were largely (80%-96% of funds) captured by large, well-established, and well-connected corporations. The majority of small businesses already recognize this and aren’t asking for tax breaks and subsidies. Instead, small businesses often prefer public investment into public goods that benefit all employers like job training, education, and transportation infrastructure that will help new businesses survive the first few years.
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