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Jobs

After an upswing at the beginning of this year, the labor market is back in the doldrums. The latest report from the Bureau of Labor Statistics said the U.S. economy created just 114,000 jobs in September, and although the unemployment rate fell to 7.9 percent, the workforce remains shrunken. And even those gloomy numbers obscure the suffering of the long-term unemployed and the millions of workers who have dropped out of the labor force in the aftermath of the recession. Stay up-to-date on the state of the labor market with AEI’s economic experts, and find out their ideas for how to get America back to work.

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Mathur looks at the two sides of the US labor market today: the traditional labor market that is reflected in official data and the “gig economy” that is emerging through firms such as Uber, Airbnb, and TaskRabbit.

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Demonstrators chant slogans as they await the arrival of presidential candidate Senator Bernie Sanders (I-VT) to address a rally calling for a national $15 minimum wage bill on Capitol Hill in Washington July 22, 2015. Reuters

The idea that the minimum wage — at least for young workers — should be a “living wage” is absurd, even immoral. Employers are taking a risk when they hire people with no work experience. Why further discourage that?

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People celebrate the passage of the minimum wage for fast-food workers by the New York State Fast Food Wage Board during a rally in New York July 22, 2015. Reuters

Ensuring that all people who want to work are working will reduce poverty.

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Kevin Hassett constructs a simple regression model that estimates the effect of the incumbent governor on state employment growth. The results cast an interesting perspective on the job-creation track records of the current and former governors who are now competing for the GOP nomination.

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A discussion on Hillary Clinton’s economic plan to give tax credits to business owners who profit-share with their employees and if it will win over voters in 2016.

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Labor force participation rates in the US have fallen to historic lows and continue to decline. This is a worrying trend because participation is declining not just among retiring baby boomers but also among youths and people in their prime working years.

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Plenty of Americans want to work more but the economy is not giving them the opportunity.

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I propose a new designation approach where the FSOC identifies ‘critical’ operations of US BHC that must remain well capitalized, open, and operating normally to prevent financial market disruptions should their parent BHC require reorganization in a judicial bankruptcy jobs.

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Actually, workers benefit a lot more than their bosses.

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The latest from James Pethokoukis and the AEIdeas blog.

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