Employees—whether hotel workers or investment bankers—are quitting, and superficial “wellness programs” aren’t going to reverse it By Thierry Malleret, economist A recent report from McKinsey that surveyed employers and employees in Australia, Canada, Singapore, the UK, and the US to investigate the “Great Resignation” (or “Great Attrition”) phenomenon found out that 40% of the employee respondents are “at least somewhat likely to quit in the next…
Top 20 International Markets for Wellness Real Estate The GWI’s new research report on the wellness real estate market shows powerful global growth in three short years: expanding from $148 billion in 2017 to $275 billion in 2020. But what are the top twenty national real estate markets and what kind of growth have they seen? The research shows amazing growth across the board: The US, China,…
By Thierry Malleret, economist The pandemic has exposed and exacerbated a distinct pattern of “air pollution inequity.” In the US, for example, PM2.5 exposure (fine, inhalable particles with serious health consequences) is disproportionately caused by the consumption of goods and services by white Americans but disproportionately inhaled by Black and Hispanic minorities. According to a paper published in 2019 by the US National Academy of Sciences, white Americans benefit from a major “pollution advantage”: They experience 17% less air pollution…
How the pandemic has increased the importance of all kinds of wellness for consumers has been much discussed. For the sake of proving the case of “wellness expansion,” let’s just take fitness—one of the sectors hit the hardest by the pandemic. The major fitness researcher IHRSA reported this summer that during the pandemic, 22% of all fitness facilities globally closed permanently–(and they document the market declines for every global region). But in large…
One challenge in making a case for wellness real estate and communities is a lack of metrics that measure the diverse benefits for residents—crucial data for developers and investors. To remedy this, the GWI has created a dashboard of elements to measure in surveys and studies—from how the community supports behavior change to how they foster a sense of community and belonging. Read more about…
We’ll Give You a Week Off. Please Don’t Quit–New York Times, September 6,2021 With more employees seeking companies that put wellness first, more companies are trying to combat the rising burnout from working remotely by offering more time off and other big perks. Call it “Operation Chillax.” Digital Addictions Are Drowning Us in Dopamine–Wall Street Journal, August 13, 2021 Rising rates of depression and anxiety…
