Rising income inequality is considered as a global issue. Over the last ten years, median household income has declined in many advanced economies that resulting median household easily trapped in the risk of falling into poverty. Based on the research, we found that the average income of the richest 10% of the population is higher nine times higher than that of the poorest 10%. After 20 years, some countries have developed the advanced technology to improve the productivity of 30% in industries sector. However, there would also 50% worker will encounter the risk of displaced.
With its contribution to the economic development and economic activities, construction sector has a significant affect in the development of any nation. Because the construction sector is large and responsive, as well as it has a strong linkages with other industries, it is a key sector can affect economic development and, hence, it is important to know what is the role of the construction sector is in the economy. There are 5 factors that the construction sector affect in the economic development and economic activities. i. Demand for basic materials Beyond the construction activity itself, construction drives demand for building materials.
In 2013, approximately 2.3m or just over 10% of all English households were in this category. (Department of Energy and Climate Change, 2014). Food poverty, as defined as “the inability to afford, or to have access to, food to make up a healthy diet” is another useful concept (Department of Health, 2005). Although the UK is the seventh richest country in the world, some people here struggle to pay for food. One in 6 parents have gone without food themselves in order to be able to feed their families.
1. Executive summary The purpose of this report is to outline the characteristics of the construction industry in South Africa with the use of a SWOT- analysis (strengths, weaknesses. Opportunities and threats). Summary The construction industry in South Africa is one of the significant contributors to employment and economic growth. This industry contributes a large part of the GNP (Gross National Product), plays an important role in development and also contributes substantially to South Africa’s GDP (Gross Domestic Product), it contributes a portion of 3.9% to the national GDP (PwC, 2016).
• IBM is the biggest and most productive industry in the worl with an estimation of 66 billion dollars, they have more than 500000 workers around the world. Shortcoming • IBM 's size can likewise be its shortcoming. With a gigantic size it can slower to respond to clients needs and needs and additionally industry variances. What 's more, its more than 500000 representatives can discover it dificult for administrations and backing required. • Enormous working expenses and competitiors eating into their piece of the overall industry constrained them in 2010 to purchase back shares worth 8 billion dollars.
This has led to a decline in the availability of workforce in Kerala especially in unskilled jobs. Traditionally, the largest number of migrant workers in Kerala used to come from Tamil Nadu. But as in2015, 75% of the migrant workers are come from 5 states namely West Bengal, Bihar, Assam, Uttar Pradesh and Odisha. 60% of them work in construction sector. According to the the survey report of Gulathi Istitute of Finance and Taxation, there are over 40 lakh domestic migrant labourers in Kerala from other states of India, as well as from Bangladesh and Nepal.
This phenomenon is a big blow and a great challenge to the country experience. It has triggers a variety of problems affecting the quality of city and standard of living of urban residents. In news by Al Jazeera, sixty percent of Malaysians still live on less than RM1, 600 each month and struggle to buy basic necessities like foods (Staphanie Scawen,
Pakistan is a developing country day by day, and also facing poverty problems , nearly majority of Pakistan lives in below the poverty-line. According to UNDP- human development report (2008), Pakistan has been 136th position from 177 developing-countries. Nearly, 73% people struggling less than 2 dollar per day. If we position of the Asian countries on earning-poverty, Pakistan offer in last from all the Asian states. Throughout the last ten years ,Government of Pakistan spent compareingtrillions-rupees for poverty reduces programs.
Unemployment is a very important issue for every country, especially developing country with a remarkable population. Country with high unemployment specifies that the country’s labor resource is not fully utilized. There are three types of unemployment which are frictional, structural and cyclical (demand deficient unemployment). In Malaysia, the unemployment rate measures the number of people actively looking for job as a percentage of the labor force. Malaysia’s unemployment is on the growth, with the seasonally familiar unemployment rate at 3.4% in May related with 3% in April and 3% a year ago.