As the still fragile U.S. economy cranks out new jobs, with concerns that a jolt from a world event or higher interest rates could spark a slowdown, much of the public and private sectors have ignored the potential of the nation's smallest businesses to help fuel economic growth.
Tonight summer is in the air. My sons ran to the park up the street and I am left alone, with dappled light and open windows... I pour a glass of wine and position myself in the stream of dusk blushing the living room gold.
ISTANBUL -- A new social contract is needed to account for the increasingly important role that individual preferences, and individual responsibility, play in today's world. Each citizen should feel empowered, not isolated and abandoned, in the face of globalization and technological transformation.
While the Trans-Pacific Partnership deal is being hotly debated in Congress, the fact is that this trade deal -- or any trade deal -- will have little impact on American jobs, or more specifically, on the decline in good-paying jobs for middle-class Americans.
There's a common belief that people who don't have jobs somehow just aren't trying hard enough, and this belief is therefore based on the idea that there are enough jobs for everyone. To get a job, all one really needs to do is just go get one. But what's it really like out there?
This isn't an issue about choice or religion -- these are real people, losing their livelihoods, their sources of income, and they're more likely to become impoverished because we still have not extended protections to many LGBT people. Demanding the right to fair employment and fair workplace treatment is not demanding special treatment or advantages over others
Robots taking human jobs means that those humans can spend their time doing higher-valued work that will drive even more progress, which is especially good news for less-desirable professions like long-haul trucking, which is actually facing a worsening shortage of workers.
Unfortunately, as Mad Men has recently concluded, not many more actors of color appeared on the show in substantial roles.
What does the public think about automation and jobs? Do Americans see technological threats to employment, and have their views changed since the days when robots first began replacing line workers in factories?
It is often said that the economy is too simple for economists to understand. This is clearly the story with the continuing weakness of the job market and the trade deficit. We are still down more than 3 million jobs from our trend level even with May's strong growth.
Today's strong jobs report shows continued solid growth in payroll employment, and many other labor market indicators have recovered substantially since the Great Recession. Nevertheless, the Federal Reserve should not rush to raise interest rates but should test whether it can push unemployment lower.
Payrolls were up 280,000 last month in a better-than-expected jobs report, with employers adding jobs across almost all of the service industries and government. Positive revisions for April and May added another 32,000 to the payroll count. Analysts had been expecting around 225K jobs, so put May's initial print in the "upside surprise" column. The jobless rate ticked up slightly from 5.4 to 5.5 percent but for the right reason: more people joining the labor force. Average hourly wages were up 2.3 percent over the past year, a touch faster than in past months. All told, what I see in these numbers is a job market maybe, sorta, kinda starting to reach working people... six years into the recovery! So my message to the Fed: love it and leave it alone!
The fact is these unacceptably high rates of unemployment among Arab youth are due to many complex factors, including years of adverse economic conditions, misguided educational initiatives and outdated systems.
Yes, by all means, let's talk about inequality of opportunity for our kids because that's where it all starts. But let's also remember that those kids grow up, and when they do, it doesn't get easier. The scars of childhood last a lifetime.
If the Fed raises rates prematurely, it will be preventing most workers from sharing in the gains of economic growth. Instead of real wage gains, workers are likely to see their wages continue to stagnate, as they have done since the 2001 recession.
Losing Our Way is a book that will resonate with many thoughtful Americans who feel, like the author, that America has lost her way in this last half-century. That would be most Americans, actually: Two-thirds of the American public tell pollsters they feel the country is on "the wrong track."