Robots have indeed eliminated a great deal of factory work and are rapidly moving on to product design, medical diagnostics, research, teaching, accounting, translating, copy editing, and a great deal more. Once-secure professions are no longer safe. From that, many economists conclude that we may just have to adjust to a high plateau of unemployment. That assumption is malarkey.
Some states make the needy jump through hoops. For their own good, of course...
On appearance, Kaira Villanueva seems to be an average sophomore student at Columbia University tracing her way through New York with a well-worn backpack, scratched-up MetroCard, and a youthful curiosity.
I've stated repeatedly that a massive amount of stimulus has been required to generate GDP growth of just 2.0%-2.5% annually since the end of the Great Recession (June 2009). We have further said that the removal or reversal of some of these stimulants will be a tough hurdle for the economy to overcome.
If one looks only at individuals with a bachelor's degree, the black unemployment rate still approaches twice that of the white unemployment rate. One reason? Because individual effort on the part of black workers cannot change the minds of the remaining discriminatory employers.
Kenya is preparing to host a summit to counter violent extremism in June 2015. A timely and vital initiative by a country reeling from tragic terror attacks.
I won't live with my parents forever, and we won't always agree. For right now, this situation is appreciated by all of us: opportunity for adventure for them, opportunity to get ahead financially for me and a strong, familial support network for us all.
Let's start with ourselves. Each of us plays a role regarding minimum wage and must consider the most fundamental elements if we want to effect change.
The jump in the March trade deficit, coupled with the weak job numbers for the last two months, should highlight the importance of including rules on currency in trade agreements. Such rules could ensure that the dollar does not remain over-valued and prevent the economy from reaching full employment.
The dollar began its ascent against other major world currencies in mid-2014. The move higher was fast and furious, but the greenback ran into some resistance beginning in the middle of March.
When it comes to the 2016 field of Republican presidential candidates, the rule of thumb this time around is obviously going to be "the more, the merrier!" The number of officially-announced Republican candidates actually doubled this week.
Today, following decades of environmental action, I'm proud to advocate for federal climate legislation and support President Obama's efforts to act on climate knowing that the evidence is in: Smart environmental standards boost innovation and strengthen our economy.
We're seeing better than a declining rate -- at least some of the decline was driven by labor-force leavers discouraged by their job prospects. But most analysts, myself included, believe there's considerably room for the lfpr to tick up as labor demand returns.
In the next 10 years, the middle class's share of the total economic pie will continue to shrink, while the share going to the very top will continue to grow. But the current trend is not preordained to last, and only the most rigid technological determinist would assume this to be our inevitable fate.
Since I agree with the vast majority of what Bernstein has to say, let me pick on three areas where I have some disagreement. The first is the discussion of the initial financial crisis that Bernstein stepped into at the start of 2009 as one of Obama's advisers.
The demand for trained tradesman as well as people with degrees in science, technology engineering and math (STEM) is about to skyrocket; and at the same time, the supply is going to plummet. Be forewarned, and begin preparing now.