Via the Washington Post comes some interesting language. Employers are raising education requirements even for entry-level positions. Thirty-two percent of hiring managers and human resource professionals said they are hiring more employees with college degrees for positions that were historically held by high school graduates, according to a survey by CareerBuilder. “While some of this […]
by Rebecca Wilder Best to own a business rather than work for one In my effort to move away from covering Europe exclusively on this blog, I’ve returned to a little niche of economic data that had intrigued me in the past: US national income accounts/accounting. This time I’ll look at national income, specifically corporate profits […]
CNBC has a video on youtube about the concern over machines replacing people. They actually touch upon many relevant aspects of the issue… high unemployment, increasing corporate profits, productivity of machines, rising real GDP, stagnating median household incomes, low minimum wages and even social instability. Replacing people with machines, like paying lower real wages, is […]
A quick post about a video that came out on July 17th on youtube. It is a video over one hour long where John Mauldin has a series of interviews with Mohamed El-Erian, David Rosenberg, Barry Ritholtz, John Hussman and Kyle Bass. These economists give their insights into “investing in the New Normal” economy. The […]
On June 10th, 2009, Paul Krugman gave a lecture at the London School of Economics on how economics should be taught differently after the crisis. (It was actually the third lecture over 3 days. All 3 lectures are available on youtube and I highly recommend them even after 4 years.) Paul Krugman made 3 references […]
by Tom aka Rusty Rustbelt Book Review: So I got to spend most of Saturday evening and Sunday morning in the emergency department of the local hospital, once again proving to my wife that men are stupid. Not to waste time I took Alan Blinder’s new book with me. After the Music Stopped is a […]
by Tom aka Rusty Rustbelt Health Care Thoughts: Question for the readers I’m in the mood to think about technology, and have the following questions: Which of these would be your preferred method of receiving health care updates, more detailed than a typical health care thought AB post? specialty blog/s pod casts Internet radio (see […]
Bill McBride at Calculated Risk offers this comment on labor force participation rates: Note: A significant portion of the decline in the unemployment rate from 10.0% in October 2009 to 7.6% in June 2013 was related to a decline in the participation rate from 65.0% in Oct 2009 to 63.5% in June 2013. If the […]
An NPR article and a Marketplace piece, which feature Milwaukee fast-food workers, highlight a hidden issue among low-wage jobs — many have such random work schedules, they can’t even get a second job to supplement their income. A new NELP report highlights “Taking the Low Road: How the Federal Government Promotes Poverty-Wage Jobs Through its […]