Jobs and the Economy: Issues Regular People Actually Care About

By: Monday April 15, 2013 2:35 pm

While it seems Congress has forgotten that we have been suffering with unacceptably high unemployment for years regular Americans have not. Once again the top concern for Americans is the economy and followed a close second by unemployment.

 

Late Night: Technological Unemployment to Hit Service Sector

By: Wednesday March 27, 2013 8:00 pm

The story of robotics replacing workers in manufacturing is nothing new but now it seems that robots are moving into the once unthinkable sector of service jobs. The kind of work some previously thought only humans could do.

Meet Baxter.

Speaker Boehner Admits ‘We Do Not Have an Immediate Debt Crisis’

By: Monday March 18, 2013 7:35 am

Speaker John Boehner might want to take a word of advice from Speaker John Boehner because according to him there is no immediate crisis. In an interview with ABC News Speaker Boehner admitted that, contrary to much of his and his party’s rhetoric, there actually is not a debt crisis.

Imagine…A Minimum Wage Your Daughter [Or Son] Could Live On

By: Thursday February 14, 2013 4:52 pm

The Australian minimum wage this year is $15.96 per hour. I know this mostly because my daughter lives in Melbourne these days (not forever, I hope). When she arrived there 18 months ago, she got a job at a minimum-wage restaurant. She earned enough to cover her rent and other expenses.

Jobs and Social Security

By: Friday February 1, 2013 3:11 pm

The January Jobs reports are out and for once, there is a modicum of (somewhat) good news. The Labor Department reported 157K new jobs for January 2013 and significantly revised both November and December 2012 numbers upwards.

Today’s Anti-Social Security Propaganda

By: Monday January 28, 2013 11:20 am

Well, it looks like there is a new push on in the long term destruction of Social Security today. Now, I usually write about the plight of the long term unemployed and underemployed but I am getting close to Social Security eligibility so decided I would discuss the anti Social Security effort today.

Fun With Robert Samuelson: The Good News Is Bad News

By: Monday January 28, 2013 7:40 am

It’s always entertaining to read Robert Samuelson’s columns on Monday mornings. They are so deliciously orthogonal to reality. Today’s column, asking whether America is in decline, is another gem.

Tech Bytes, Friday January 25

By: Friday January 25, 2013 12:50 pm

Steve Wozniak is not a fan of the Ashton Kutcher jOBS clip that was released yesterday. “Never happened” says Woz.

Consumer Confidence Starts to Drop

By: Friday December 7, 2012 12:25 pm

This describes a textbook drop in consumer confidence. We saw it during the debt limit deal and we’re seeing it now. The problem is that the media has described what’s actually happening so poorly that the consumer doesn’t really even know what the problem is or what they should advocate.

Do they get that the “fiscal cliff” means a combination of tax increases and spending cuts that would wreck the economy?

Do they have the conception of budget cuts being bad for the economy, after three years of non-stop panic about high deficits?

This confusion makes it very difficult to reach a solution that works for the economy.

Unemployment Rate Drops as Economy Adds 146,000 Jobs in November

By: Friday December 7, 2012 6:44 am

The US economy proved surprisingly resilient in preliminary November job numbers, despite the effects of Hurricane Sandy, posting a gain of 146,000 jobs, and a drop in the topline unemployment rate to 7.7%. However, because of Sandy we should expect substantial revision to the numbers.

The Bureau of Labor Statistics claims that their survey response rates in the states affected by Sandy were “within normal ranges,” and that the storm “did not substantively impact the national employment and unemployment estimates for November.” This is hard to believe, especially because first-time jobless claims did show a spike from the storm.

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