The bottom line

Financing New York City; Slow progress for women; Packaged food in China; Fewer working children; The growth of the “super-rich"

Financing New York City

The finance industry accounts for almost 40 percent of all wages paid in Manhattan and almost a quarter of New York City’s gross domestic product.

Subscribe to The Week

Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.

SUBSCRIBE & SAVE
https://cdn.mos.cms.futurecdn.net/flexiimages/jacafc5zvs1692883516.jpg

Sign up for The Week's Free Newsletters

From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.

From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.

Sign up

Slow progress for women

About 60 percent of employment gains for women between 2009 and 2012 occurred in jobs that pay less than $10.10 an hour, according to a study by the National Women’s Law Center.

Bloomberg.com

Packaged food in China

As the Chinese increasingly abandon traditional rice and noodle dishes for more Western fare, China is expected to consume as much as 107 million tons of packaged food by 2015, surpassing the 102 million tons projected to be consumed that year by Americans.

Qz.com

Fewer working children

The number of children aged 5 to 17 who were engaged in child labor globally fell by nearly 78 million—to 168 million—between 2000 and 2012, according to a study by the International Labor Organization. The number of those doing hazardous work, including tasks involving toxic substances or dangerous machinery, fell by about half over the same period. The trend reflects improving living standards in most developing countries.

Slate.com

The growth of the “super-rich”

In the next three years, the ranks of the world’s “super-rich”—defined as people with at least $100 million in disposable assets—are expected to grow between 7 and 24 percent in Western Europe and North America, 60 percent in Latin America, 76 percent in Russia, and more than 100 percent in China and India.

The Wall Street Journal

Explore More