Job and Economic Growth im-656672

Future Work

Growing "digital economy"

The growing of online business in today's market.

Also the advances in online payments.

Job and or skills training

If kids had the correct knowledge of what is really needed in the work force of their choice, a benefit of this would be a reduction in the unemployment rate.

This would lead to higher overall job satisfaction, and or turnover rate for companies in the economy.

Remote work

1) Remote work enables employees to perform tasks from any location.

2) This offers new employees flexibility and work life balance.


3) New technology has made communication instant from any location at anytime

Job creation for the economy

  • This tackles unemployment head on, creating opportunities for new hires.

Urbanization

  • Cities create more jobs in areas like shops, factories, and tech companies.

Sustainability

  • Stable economies are better equipped to address social grievances through policy measures and social safety nets.

Poverty reduction

  • Economic expansion often results in better public services, such as healthcare and education, directly benefiting the economically disadvantaged.
  • With a growing economy, there's potential for upward mobility, breaking cycles of generational poverty.
  • As businesses grow, opportunities for skill development and training increase, allowing individuals to secure better-paying jobs.

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Video explaining economic growth

  • Lower unemployment rates and increased access to education and healthcare contribute to social stability.

  • A stable economy can foster diplomatic relations, reducing the risk of conflicts with neighboring regions or countries.
  • More businesses in cities mean more opportunities for entrepreneurs.
  • Urban areas usually attract tourists, boosting hotel and service jobs. This inject cash flow into the local economy.
  • While urbanizing, building city roads, bridges, and buildings creates construction jobs.
  • More jobs in a specific area means that consumer spending will rise, putting cash back into the local economy.
  • Job creation raises the average household income, as well as supports sustainable growth.