Tag: unemployment
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One-Third Of Americans Are Working For Themselves
Business Insider: One-Third Of Americans Are Working For Themselves When the economy became unreliable, people decided to rely on themselves to propel their careers. “We see the labor market itself following the trend that we call ‘the individualization of work' — people working for themselves,” says Iain MacDonald, CEO of SkillPages. “People are increasingly either…
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The Consequences of Machine Intelligence
Atlantic: The Consequences of Machine Intelligence Moshe Vardi If machines are capable of doing almost any work humans can do, what will humans do? … Bill Joy's question deserves therefore not to be ignored: Does the future need us? By this I mean to ask, if machines are capable of doing almost any work humans…
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Measuring Unemployment
Greg Mankiw, the author of the most popular economics textbook, briefly explains why unemployment numbers are often so confusing. Read here. He excerpts several paragraphs from his textbook, ending with: … In the end, the divergence between the household and establishment surveys from 2001 to 2003 remains a mystery. Some economists believe that the establishment…
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The Unemployment Paradox
HT: Victor Claar Proof once again that many economic questions defy simple answers. Watch Why Job Seekers, Employers Aren’t Connecting on PBS. See more from PBS NewsHour.
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Wage Laws Squeeze South Africa’s Poor
New York Times: Wage Laws Squeeze South Africa’s Poor NEWCASTLE, South Africa — The sheriff arrived at the factory here to shut it down, part of a national enforcement drive against clothing manufacturers who violate the minimum wage. But women working on the factory floor — the supposed beneficiaries of the crackdown — clambered atop…
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Millennials keep their chins up despite high unemployment in economic downturn
Christian Science Monitor: Millennials keep their chins up despite high unemployment in economic downturn Facing high unemployment, millennials draw resilience from flexible goals, tech savvy, and parental cushions. Will these supports help them emerge strong from the economic downturn? It's been more than 50 years since such a large share of America's young people –…
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Oregon’s 12.1% Unemployment, 2nd Highest in US: Is The $8.40 Per Hour Minimum Wage to Blame?
Carpe Diem (Mark Perry): Oregon's 12.1% Unemployment, 2nd Highest in US: Is The $8.40 Per Hour Minimum Wage to Blame? Is Oregon's high minimum wage partially to blame for the state's 12.1% unemployment rate, second highest in the nation (only Michigan is higher at 12.6%, see chart above of Oregon's jobless rate in blue vs.…