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Economics Gazette

Economy and Business news

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February 21, 2018


Generation Y

Generation Y lags behind in income of their parents

The millennials (also known as Generation Y) lags behind in income of their parents. According to data from the Resolution Foundation for eight countries, the people of the so-called Generation Y (born between the early 1980s and the mid-1990s) in had a household income of 4% lower of the average of the previous Generation X


Amazon creates 2,000 permanent jobs in France

The US e-commerce giant Amazon announced today that it will create 2,000 permanent jobs in France this year, which is its largest market in Europe after the UK and Germany. The new positions will raise the company’s permanent staff in France to 7,500 in 2018. It also shows confidence in the economy of the country

British workers

British workers will get their biggest wage increase since 2008

British workers will get their biggest wage increase since 2008 thanks to higher rates for lower-paid jobs, according to a study by the Central Bank of England. However, this will create additional tensions over the country’s inflation rate. Last week, the central bank gave a signal to the markets that interest would be raised faster

China jobs

China raise its efforts to create million of new jobs in 2018

China will double its efforts to create new jobs and start promoting entrepreneurship. The Chinese Government is under pressure to find work for millions of unemployed and for new graduates. The state will have to create jobs for 9.7 million people registered as unemployed and 8.2 million recent students as well as for workers who

Germany workers

Germany’s state sector insists on 6% wage increase

The German trade unions of public sector employees, representing 2.3 million people in the country, ask for 6% wage increase. There must be at least 200 EUR (245 USD) increase per month for civil servants, said the head of the German trade union Verdi Frank Bsirske. The negotiations between trade unions, government officials and local

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