Posts filed under “Employment”

Will a Robot Take Your Job?


Source: NY Times

 

Steven Rattner:

“in the sweep of history, the human condition barely improved for centuries, until the early days of the industrial revolution, when transformational new technologies (the robots of their day) were introduced.

Consider the case of agriculture, after the arrival of tractors, combines and scientific farming methods. A century ago, about 30 percent of Americans labored on farms; today, the United States is the world’s biggest exporter of agricultural products, even though the sector employs just 2 percent of Americans.

The trick is not to protect old jobs, as the Luddites who endeavored to smash all machinery sought to do, but to create new ones. And since the invention of the wheel, that’s what has occurred.”

Category: Employment, Technology

Hire for Potential, Not Just Experience


Source: Harvard Business Review

Category: Employment, Video

What the FOMC Was Thinking . . .

Here is what the FOMC was looking at while debating the end of QE/ZIRP:   Will Holding Down Rates Spark Inflation Without Helping the Long-Term Unemployed? click for larger graphic Source: WSJ

Category: Employment, Federal Reserve, Inflation

Source: World Economic Forum

Category: Digital Media, Employment, Politics

The Intensity of Job Search and Search Duration

Category: Employment, Think Tank

A Closer Look at Unemployment

Source: BLS   This is a fascinating chart from the Bureau Labor Statistics looking at the state-by-state unemployment rates. We know the national jobless rate is down to 6.3 percent and this chart lets us see how that is distributed nationally. At the BLS site, and you can click through the chart and see unemployment…Read More

Category: Data Analysis, Digital Media, Employment

Hysteresis in Unemployment and Jobless Recoveries

Category: Data Analysis, Employment, Think Tank

College ROI

click for larger graphic Source: Radio Open Source   When it comes to paying for college, lots of people are asking “why does it cost so much, and it is it worth it in the end?” Radio Open Source has a scattergram chart above that helps answer the question. It shows the increasing cost on…Read More

Category: Employment, Markets, Wages & Income

About That Labor Force Participation Rate . . .

@TBPInvictus here: On April 17, 2012, North Carolina Congresswoman Virginia Foxx stood before her colleagues in the House of Representatives and said (emphasis mine): Ms. FOXX. Mr. Speaker, the March employment report continues to show us that the Federal Government has not been helping to create jobs in our economy. A Wall Street Journal editorial…Read More

Category: Current Affairs, Cycles, Data Analysis, Economy, Employment, Politics

Earnings Growth Upturn Masks Labor Market Weakness

Lakshman Achuthan is co-founder and managing director of the Economic Cycle Research Institute (ECRI), an independent organization focused on business cycle analysis and forecasting in the tradition established by ECRI’s co-founder, Geoffrey H. Moore. ECRI maintains business cycle chronologies for 20 countries around the world other than the U.S. Lakshman is the managing editor of…Read More

Category: Data Analysis, Employment, Think Tank