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This chart tells you quite a bit of information. It plots the ratio of the level of unemployment and the level of job openings—in other words, it reports how many job seekers there are for every job opening.
Flexible work arrangements help employers meet variability in market demand and provide employment opportunities for individuals who cannot work a rigid schedule.
The Seattle City Council is very pleased with itself. Answering President Obama’s call to address what he has decided is “the defining issue of our time” – income inequality – the Council voted unanimously last week to raise Seattle’s minimum wage to $15 per hour.
The Great Recession has been particularly hard on older workers. Therefore, the government must intervene with carefully crafted policy to level the playing field for older workers. Job-placement services, employee-based subsidies, and start-up subsidies are the most promising options to help the older long-term unemployed find jobs.
We are a long way from the Luddite riots of 19th century England, when protesters smashed the trappings of progress. But worries about the rise of the machines are still with us, and for good reason. Will the machines take our good-paying jobs?
The costs of raising the minimum wage could be greater than previously thought, especially on younger workers. Much of the harm done to these workers could be avoided by exempting individuals under the age of 25 from the minimum wage.
Detroit and San Bernardino and Stockton, Calif. are in bankruptcy, and across the country the costs of maintaining pensions for city and state employees more than doubled to nearly $84 billion in 2011 from 2002.