Jamel Egal was born the year it all fell apart. 1991. Somali President Siad Barre was overthrown and anarchy overtook the east African nation of Somalia. Warlords filled the void of a central government as lawlessness reigned and war became the norm.
The public should recognize that the battle over the course of Fed policy is hugely important to the well-being of tens of millions of families. It should also recognize that the folks willing to deny these people jobs and wage increases will not feel constrained by the truth in pushing their agenda.
Britain is currently at the cusp of what the Financial Times has called the biggest reform to its pension system since it began a century ago.
It never occurred to me that I would be unemployed in mid-life. Well, yes, it had occurred to me when my tits were still perky and my mind malleable, so I went to grad school, got a Ph.D. and embarked on what was once a promising and stellar career. But after I found myself in the cross-hairs of those in institutional power, my carefully-constructed career came tumbling down.
So what are the causes for optimism with regard to future earnings power? Well, the most notable are probably the recent sharp decreases in interest rates and gas prices.
Market forces simply cannot make jobs reappear. Overall economic policy continues to drain wealth to benefit the tops layers of society to the detriment of government operations and everyday citizens.
A lot has happened in my life since the last time I posted. I moved to Portland about four weeks ago because as much as I enjoyed living in Bend, I ju...
I can't account for national trends, but on an anecdotal level, it has been fascinating to watch millennials become some of America's best 'unofficial ambassadors.'
An international dialogue should begin now. It might open with an invitation to the Troika: Explain why Greece should not start a jobs guarantee policy today.
Employment rates of vets don't show the years they cannot now make up. The don't show the rate of underemployment. Many veterans have had to accept low-wage, dead-end jobs that may pay their bills but don't fully tap their skills or allow them to engage in fulfilling careers.
I've been a relatively lonely voice; the attention of both the public and economists has been focused elsewhere. Over the the past year or so, however, things have changed quite dramatically: Deep concern about the robot revolution -- and its impact on jobs -- is going mainstream.
I actually like the "broken window" theory, which is one reason I am marching on August 23, I just think the theory is being seriously misapplied. It is long past time to fix the real broken windows in our society that have victimized many but especially African American men.
There you have it: two extremely prominent political figures who got rich off the housing bubble, now taking time from their busy schedule to call on the Fed to raise interest rates and destroy millions of jobs. In the "show no shame" contest, this looks like a real winner.
None of us is capable of predicting the future, but the optimism of young people is even more impressive to me when we think of the uncertainties of the world to come.
Presidents have been unwilling to name, much less remedy, the deep economic forces that are turning payroll jobs into what I've termed "The Task Rabbit Economy" -- a collection of ad hoc gigs with no benefits, no job security, no career paths, and no employer reciprocity for worker diligence. But there are signs that maybe this issue is starting to break through.
One of the most unnoticed labor trends in the past few decades has been the rise of "just-in-time scheduling," the practice of scheduling workers' shifts with little advance notice that are subject to cancelation hours before they are due to begin.