Labour Markets & Resilience
Understanding the impact of health, economic, social, or political shocks on the labour market is fundamental. This is even more important in times when black swans and unforeseen shocks are distorting expected outcomes (e.g. COVID-19, unforeseen wars). To address the resilience of work and markets, Whiteshield has developed a series of tools and techniques covering trade, labour and city, among other areas.
What does resilience mean?
Resilience refers to the ability to address and absorb shocks in a certain economy. Such shocks could be at the level of a city, labour, or an entire economy (e.g., trade). Some key questions that need to be answered here are:
- How to anticipate potential shocks on an economy?
- What type of response to adapt in the short term and long term?
- What are the structural and cyclical reforms to put in place to ensure any economy is more resilient?
- How does any economy compare to another and how to improve your ratings?
To address these topics, Whiteshield has created three models:
- The Global Labour Resilience Index is published on a yearly basis in Davos under the chairmanship of Sir Christopher Pissarides, Special Advisor and Director at Whiteshield. This report is now regarded as an authority in the market to understand what drives the resilience of labour and which policies can be adopted to anticipate and address it.
- The Global Freight Resilience Index covers more than 100 countries and looks at the ability of economies to resist trade shocks by looking at the policies they put in place and capabilities within their economies.
- The City Resilience Index assesses the ability of cities to develop clear comparative advantages that enable them to sustain internal or external shocks.
Global Labour Resilience Index 2022: Stagnating resilience
Whiteshield launched in February 2022 its annual report on labour market resilience entitled “Global Labour Resilience Index 2022: Stagnating resilience”.
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