1 An uphill climb for millennials (Caroline Porter in The Wall Street Journal) The on-ramp to adulthood is delayed and harder to reach for young people today, a reality that is changing the country's society and economy, according to a new report. More demanding job requirements, coupled with the pressures of the recession, have delayed the transition to adulthood for young people in the past decade and earned them the title of "the new lost generation," according to the report from the Georgetown University Center on Education and the Workforce.
Through analyzing about three decades of census data—from 1980 to 2012—the study found that on average, young workers are now 30 years old when they first earn a median-wage income of about $42,000, a marker of financial independence, up from 26 years old in 1980. The labor-force participation rate for young people last year declined to its lowest point in about 40 years, according to the report.
For young people, the delayed entry into the world of work is partly a reflection of the recent recession, but it is also driven by long-term trends, including more jobs that require advanced skills and fewer high-paying factory jobs that required little more than a high-school diploma, the report found. The "new knowledge economy" has spawned more internships and bite-size credentials as a result.
2 Driving the next era of sustainable business (John Brock in The Guardian) When the global financial crisis hit, there was significant speculation that organisations would move away from investment in sustainability. In fact, companies have maintained – or even grown – their commitments. However, the success and sophistication with which companies are adopting sustainability strategies vary widely.
It is embarrassing to watch the last shards of credibility crumble around a prime minister who has been in office for nearly a decade. His visit to the White House this week has all the warmth of a desultory retirement dinner financed by a quick whip-around. Is Dr Manmohan Singh a stoic? To take punishment from the Opposition is part of the give and take of democratic politics, but to accept such dismissive barbs from one’s own colleagues requires a temperament that is not easy to decipher.
There is no government left. What we have instead is a desultory squabble in which no minister can be sure of where he stands, or where he should stand, on any issue. A technical structure will hold office, while Congress continues to hope that some miracle between now and next March will prevent an electoral meltdown. Miracles need saints, and there are no saints in politics.