At a glance Achieving high-income status by 2045 would require Indonesia to increase productivity growth by 1.6 times. GDP would need to grow at 5.4 percent a year, and productivity would need to play a bigger part—accelerating its growth rate from 3.1 percent a year since 2000 to 4.9 percent because of changing demographics. Other countries that started with comparable per capita GDP achieved high-income status within 15 to 30…
Nevada’s sunny and hot summers pose hazards of heat-related illnesses to outdoor workers and non-climate-controlled indoor workers. April 29, 2025 marks a significant milestone for workplace safety in Nevada as the Nevada Occupational Safety and Health Administration (NV OSHA) begins enforcement of its newly adopted heat illness prevention regulation. The regulation, found in Section 618 of the Nevada Administrative Code and approved in November 2024, aims to protect workers from…
Quick Hits The Colorado legislature passed a bill to ban noncompete agreements with doctors, physician assistants, dentists, nurses, and midwives. The bill clarifies when noncompetes can be used in the purchase or sale of a business, including the sale of direct and indirect ownership interests. If signed by the governor, the bill will take effect on August 6, 2025. State law permits noncompete agreements and nonsolicitation agreements with certain highly…
On Thursday 1st May, voters in 23 councils across England will elect their councillors and mayors in the first local elections since the general election last July. There will also be a parliamentary by-election in the Runcorn and Helsby constituency. Professor Jane Green Why do the local elections matter?These elections mark the first test since the general election for new Conservative Leader Kemi Badenoch, the new Labour government, and Nigel…
In just a few years, AI has transformed how many people draft emails and résumés, compose music, and even share their deepest feelings. It’s also reshaping the economic landscape. Investors are deploying vast amounts of capital to finance data centers and other AI infrastructure; global powers are racing to develop the most sophisticated and cost-effective models; and companies must decide how to utilize a technology with the potential to change…
29 April 2025By Imène Rahmouni-Rousseau and Isabel Schnabel[1]At the end of 2024 – after nearly five years of operations, more than 110,000 bond market transactions and peak holdings of €1.7 trillion – reinvestments under the pandemic emergency purchase programme (PEPP) came to an end. This blog post takes stock and highlights some aspects of PEPP implementation in light of the data we now make publicly available.In March 2020 the ECB…
There has been meaningful momentum toward the energy transition, but a number of forces are creating uncertainty. They include shifting geopolitics, policy uncertainty in many countries, the macroeconomic environment, and rising energy demand from the adoption of artificial intelligence tools, to name a few.But even in the face of these near-term uncertainties, it is important not to lose sight of the core—long-term—challenge at the heart of the transition. The energy…
The EU is no longer sustained by peace and prosperity – it’s running on panic. And that panic is destroying the very foundations it once promised to uphold, Kancho Stoychev writes. Every narrative posing as analysis hides a climax. And every analysis, this one included, is subjective. That doesn’t eliminate the necessity for objectivity. The common refrain, “the European Union is in crisis,” conceals a deeper turning point with two…
McKinsey research shows that healthy organizations—those with strong performance cultures—consistently outdo their peers. To understand the state of organizational health in Southeast Asia, we analyzed data from more than 200,000 respondents to McKinsey’s Organizational Health Index (OHI) survey, covering nearly 40 companies over a five-year period (see sidebar, “Understanding organizational health”). Overall, we found organizational health in the region to be robust. Many organizations have built thriving cultures, characterized by…
On this page: Opportunity | Solution | Impact 0K+people trainedin digital & sustainable transformation 0%improvement in productivity0+companiesaccess upskilling & capability building The Opportunity Empowering Turkish manufacturers with innovation The Turkish Employers Association of Metal Industries (MESS) has been a cornerstone of the Turkish economy since it was founded in 1959 to help lead the development of the country’s metal industry. MESS encompasses more than 230,000 employees across major industries, including…
The new study, of unprecedented scale, examines not only clinical associations, but also for the first time the biological basis for these comorbidities - through genetics. It identifies osteoarthritis, rheumatoid arthritis, multiple sclerosis, coeliac disease, and psoriasis among the comorbid conditions significantly linked to endometriosis.These insights not only enhance our understanding of the relationship between endometriosis and immune conditions but also pave the way for better-targeted treatments, the potential for…
Logistics companies are striving to improve safety, efficiency, and sustainability. Yet, traditional methods often lack real-time data and insights to drive meaningful change. In this episode of McKinsey Talks Operations, Samsara’s CEO and cofounder, Sanjit Biswas, joins McKinsey’s Renee Jackson to discuss how AI-driven digital solutions are transforming logistics operations, from reducing accidents to optimizing asset utilization. This conversation has been edited for length and clarity. Daphne Luchtenberg: In a…
State and local governments across the United States confront pressure to reduce costs while meeting residents’ rising expectations. The Trump administration’s actions at the federal level may reduce or even stop federal funding across a range of programs, leaving state and local governments with the dilemma of whether to continue such services or let them sunset. At the same time, the changes originating in Washington, DC, offer many opportunities for…
Seyfarth Synopsis: PAGA claims brought under pre-reform PAGA must be brought within one year of a Labor Code violation experienced by the plaintiff and because a PAGA claim necessarily has both an individual and a non-individual component, failure to do so warrants dismissal. The Second District affirmed the Superior Court’s dismissal of a PAGA claim where the PAGA notice and lawsuit were both filed more than a year after the…
At a glance Despite contributing to a substantial 290 million disability-adjusted life years (DALYs) of the global disease burden, mental health conditions only receive 2 percent of domestic government healthcare funding globally, resulting in an annual funding gap of $200 billion to $350 billion. Scaling known, cost-effective interventions to prevent, treat, and help people recover from mental health conditions (which include mental and substance use disorders) could avert 150 million DALYs…
How can storytelling deepen our understanding of emotional connection in turbulent times? Join Heidi Brooks for a powerful and special episode of Learning Through Experience featuring returning guest Marc Brackett, along with filmmakers Horacio Marquínez and Kirill Myltsev. Together, they explore the extraordinary journey behind their documentary, America Unfiltered: Portraits and Voices of a Nation, a film born out of curiosity, human connection and the transformative power of experience. Listen…
Deep in the Central Andes lies Uturuncu, Bolivia’s “zombie” volcano -so called because despite being technically dead (last erupting 250 thousand years ago), it still shows signs of unrest, including earthquakes and plumes of gases. This unrest manifests itself in a “sombrero” pattern of deformation, with the land in the centre of the volcanic system rising up, and surrounding areas sinking down.I am very pleased to be involved in this…
Quick Hits New Jersey Assembly Bill A5433 proposes a five-year phase-out of the tip credit, spanning from 2026 to 2030. The bill would mandate employers pay the full state minimum wage to tipped employees before the addition of tips. Potential consequences include increased labor expenses for businesses, higher prices for consumers, and uncertain effects on the overall income of tipped workers. The tip credit is a legal provision allowing employers…
As large institutional investors seek additional tools to manage their portfolios, the Canadian private equity secondaries market has continued to mature. Secondaries offer private equity investors (once dominated by pension funds and other institutional investors), a unique opportunity to access better liquidity, enhance portfolio diversification, and increase potential for higher returns. Furthermore, the rise of private equity access funds - which are directed at high-net-worth investors - has created a…
In an age when political leaders chase opinion polls and CEOs worship at the altar of quarterly earnings, a white-robed elderly man exists as an anomaly on the world stage. Elected not by the masses but by a college of cardinals, he answers neither to voters nor to markets but to a higher authority. The pope is spiritual leader to 1.3 billion Catholics, yet he is also somehow more than…
25 April 2025By Benjamin Hartung, Tobias Linzert, Imène Rahmouni-Rousseau, Yannik Schneider and Marta Skrzypińska[1]One year after its announcement, the new operational framework is working as intended. Euro area banks have adapted to declining central bank reserves as the Eurosystem's balance sheet is normalising. The ECB Blog assesses how banks and money markets cope with the new environment. The normalisation of monetary policy over recent years has also meant declining amounts…
However, in practice, such opposition has not yet been observed. Congress has not shown much activity regarding Russia, even at the level of bills. Since the beginning of 2025, that is, in less than five months, five bills have been introduced in both houses of Congress implying sanctions against Russia. For comparison, there are 10 bills against China and seven bills against Iran. We are talking only about bills that…
Quantum computing has long been technology’s white whale. But in recent months, new developments suggest practical applications for this elusive technology could finally be within reach. “Quantum has been five to ten years away from fruition for many, many decades,” says McKinsey Partner Michael Bogobowicz. “Now it feels three to five years away.” In this episode of The McKinsey Podcast, Bogobowicz joins McKinsey Global Editorial Director Lucia Rahilly to discuss…
Quick Hits The Wisconsin Supreme Court interpreted the phrase “any … other offense” in the WFEA to include noncriminal offenses. The court’s interpretation is the final chapter in extended, seesaw litigation resulting from a school district’s decision to fire two employees who allegedly stole scrap metal from the district, pocketing the money they received from recycling the stolen material. The district elected to dismiss the brothers after they were cited…
Is the US federal government as productive as it could be? It’s been a near-constant question for the past 50 years. The government’s role and workforce expanded considerably with Franklin Roosevelt’s New Deal. By 1971, Richard Nixon had seized on productivity as an antidote to the nation’s economic woes. In 1988, Ronald Reagan issued an executive order to enroll every agency in a productivity improvement program. Later, the Clinton administration’s…
BRICS+ stands at a critical crossroads, navigating the delicate balance between reforming existing global governance structures and ambitiously seeking to redefine them. At the heart of this evolution lies the dynamic between Russia and India – a relationship marked by both deep strategic cooperation and underlying geopolitical strains, Pravesh Kumar Gupta writes. In an era of heightened geopolitical flux, the post-COVID-19 global order appears increasingly fractured. The once-harmonious narrative of…
A learning centre in Oxford, operated by the national charity IntoUniversity in collaboration with the University of Oxford and Christ Church, Oxford, has marked its 10th anniversary of supporting local young people to realise their full potential. A special event was held at the Oxford South East centre in Blackbird Leys on Thursday, 24 April, bringing together community leaders, school children and families, as well as representatives from the University…
The growth of the Global Lighthouse Network (GLN)—from 16 sites in 2018 to nearly 200 today, across 33 countries and 35 subsectors—underscores the progress leaders have made on the original challenge the GLN identified: integrating advanced technologies at scale to realize significant economic and financial benefits. The latest Lighthouses, awarded in October 2024 and January 2025, follow the same core principles identified when the network began. Their leaders recognize that…
Imagine you were a railway executive with a contract to transport valuable cargo across the country. You wouldn’t have a different engine pulling each individual car of cargo. It would be much more efficient and cost-effective to hitch as many cargo cars as possible to the same engine. In fact, you would want a standard set of trains and connectors that would allow you to pull different kinds of cargo…
In celebration of the release of the 6th edition of our Government Contracts Compliance Handbook, we are excited to share six essential tips for ensuring compliance in international sales. These tips are designed to help lawyers and executives working for U.S. federal government contractors navigate the complex landscape of regulations that apply to international sales. 1. Understand Export Control Regulations Compliance with export control regulations is critical for any company…
Quick Hits Under SSB 55408, which amends the Equal Pay and Opportunities Act, Washington employers may now list a fixed pay amount instead of a wage range if only one amount is offered, including for internal transfers; postings that are replicated without employer consent are not considered official job postings. Between the law’s effective date and July 27, 2027, employers have five business days to correct a noncompliant posting after…
As President Calvin Coolidge said, in so many words, “The business of America is business.” One hundred years later, his words still ring true, as American businesses have a profound impact on American lives and livelihoods. American businesses employ roughly 83 percent of the US labor force, equivalent to about 136 million jobs—nearly half of which belong to small businesses with fewer than 500 employees. And of course, all Americans…
A new study led by the University of Oxford has revealed that a common and usually harmless virus may positively influence how skin cancer patients respond to current treatments.Cytomegalovirus (CMV) is a common virus that, while typically asymptomatic, is carried for life by around 50–60% of UK adults. In healthy individuals, CMV is kept in a dormant state by the immune system; however, this process profoundly reshapes how the immune…
Large, long-lived marine animals such as sharks and rays are amongst the world’s most threatened groups, primarily due to overfishing in targeted and bycatch fisheries. In small fisheries, households rely on marine resources for their food and income, creating trade-offs between biodiversity and wellbeing outcomes. Incentives therefore can provide a cost-effective and equitable option for balancing the needs of people and biodiversity. However, incentives can also change behaviour in unexpected…
In the “Research Matters” series, we visit labs across campus to hear directly from Stanford scientists about what they’re working on, how it could advance human health and well-being, and why universities are critical players in the nation’s innovation ecosystem. The following are the researchers’ own words, edited and condensed for clarity.In my lab, curiosity drives discovery. We’re using fundamental mechanics principles to drive the development of novel devices for…
The Washington Legislature has passed a new law affecting employers’ obligations related to employee personnel files. The new law amends RCW 49.12.240 and 49.12.250 in four important ways: 1. The law amends RCW 49.12.240 to create a definition of the term “personnel file” for the first time. The term “personnel file” includes the following types of records, if the employer creates such records: All job application records; All performance evaluations;…
Quick Hits The Sixth Circuit upheld a jury verdict against a school psychologist who alleged Equal Pay Act violations after she was offered a lower salary than the salary paid to a male psychologist two years earlier. The court upheld the jury verdict, determining that a reasonable juror could conclude, based on the evidence of budget constraints and market forces, that the pay differential was based on a legitimate business…
Use AI to build civility. SHRM reports that 66% of U.S. employees have experienced or witnessed incivility at work. And those moments of disrespect don’t stay isolated. They ripple. Research from Christine Porath at Georgetown University shows that incivility is contagious, dragging down performance, stifling creativity, and eroding collaboration. Meanwhile, HR teams are stretched thinner than ever. Gartner’s 2024 HR Priorities survey discusses the expanding scope of HR work and…
This report is part of a research collaboration among McKinsey, the Mozilla Foundation, and the Patrick J. McGovern Foundation. Open source software has long been a critical part of the technology ecosystem. Commercial software typically requires a commercial license or subscription and restricts access to its core technology. However, open source tools are developed collaboratively and made available to the public to use, modify, and distribute with far fewer restrictions.…
Cue the fireworks: The United States will turn 250 next year. It’s a big birthday, and as anyone who has turned 18 or 50 or 75 will know, a milestone like this presents an occasion for both celebration and reflection. The cause for rejoicing is clear: By many accounts, the United States is the longest-lived constitutional democracy in history. The reasons for reflection are equally evident: The journey to this…