mauldineconomics.com / JOHN MAULDIN / AUGUST 27, 2014
Paul Krugman and other notables dismiss the notion of a skills gap, though employers continue to claim they’re having trouble finding workers with the skills they need. And if you look at the evidence one way, Krugman et al. are right. But this week an [...]
thedailybell.com / By Staff News & Analysis / August 21, 2014
Nobel economists say policy blunders pushing Europe into depression … German Chancellor Angela Merkel defends eurozone and says it is hard to manage a currency for 18 states … Professor Joseph Stiglitz said austerity policies had been a ‘disastrous [...]
acting-man.com / Bill Bonner / August 21, 2014
The Advantages of a Celtic Temperament
We are doing a quick tour of Britain and Ireland, catching up on business. No time to write much this morning… We need to rush to a plane.
The weather, generally, is terrible. Cold. Windy. Rainy. It [...]
theeconomiccollapseblog.com / By Michael Snyder / August 12th, 2014
If you are fortunate enough to have a job in America today, the phrase “just over broke” probably describes you. Yes, there are a handful of jobs that certainly pay very well, but most Americans that work for somebody else are just barely making [...]
charleshughsmith.blogspot.com / CHARLES HUGH SMITH / SUNDAY, AUGUST 10, 2014
Tragically, the inability of our institutions to impart the skills required by the emerging economy hobble not just the unemployed but employers.
A reader recently offered a compelling reason why total compensation costs (wages plus benefits/payroll taxes) could rise even in a [...]
globaleconomicanalysis.blogspot.com / Mike “Mish” Shedlock / Thursday, August 07, 2014 11:20 PM
I have talked about “forced retirement” 174 times over the course of the past few years.
I defined the term as those who retired because they had to, not because they wanted to.
Why might they have to? Easy. If [...]
globaleconomicanalysis.blogspot.com / Mike “Mish” Shedlock / August 07, 2014
Sure. You can make $15 an hour at McDonald’s, at least in Seattle. You just have to perform better than this machine.
But if you are not more cost effective that that machine, then not only do you not make $15, you do not [...]
acting-man.com / Bill Bonner / July 23, 2014
Rebel Attack in the Congo
“The rebels attacked our camp. We had to make a run for it. The government troops, who were supposed to be guarding us, ran too.”
“‘Musungu! Musungu!’ I heard them yelling. A ‘musungu’ is a white person. They [...]
zerohedge.com / by Tyler Durden / 07/08/2014 10:32
There was some good news in the JOLTS report released earlier today, mostly in the form of the Job Openings category which surged from 4,464K in April to 4.635K in May, well above the 4350K expected and the highest print since 2007 (granted the [...]
investmentwatchblog.com / July 4th, 2014
Record Number of Americans Not in Labor Force in June
(CNSNews.com) – The number of Americans 16 and older who did not participate in the labor force climbed to a record high of 92,120,000 in June, according to data from the [...]
zerohedge.com / by Tyler Durden / 07/01/2014 14:19
One would think that with the economy, allegedly, growing at above-trend rates as Goldman has wagered for the second time in 4 years (the first time Hatzius was dead wrong), with jobs being added at what the BLS would have the market believe is [...]
acting-man.com / Pater Tenebrarum / July 1, 2014
Dropping Dead from Stress
People die from all sorts of things, often quite unexpectedly. Shoot-outs in the middle of a ceasefire in the Donbass, crucifixion or beheading by the “Islamic State” in some desert backwater in Iraq, or that widely underestimated killer known as “falling [...]
zerohedge.com / by Tyler Durden / 06/30/2014 10:10
Pending home sales surged by 6.1% MoM in May; this is the largest jump since April 2010 (when first-time buyers scrambled to sign contracts before tax credits expired. However, exuberant spike aside, this is the 8th month in a row of a year-over-year drop in home [...]
theorganicprepper.ca / Daisy Luther / June 13, 2014
With unemployment rates skyrocketing, going out and finding a new job can be nigh on to impossible these days. This is only going to get trickier as the government continues to force businesses to increase the minimum wage. Workloads that used to provide employment to [...]
mises.org / by Benjamin M. Wiegold / Friday, May 30, 2014
In Switzerland on May 18 there was a vote to establish a minimum wage rate at a world record $25 an hour: the vote was rejected overwhelmingly as an estimated 76 percent voted against it.
As USA Today reported, [...]
theautomaticearth.com / by Raúl Ilargi Meijer / May 29, 2014
No, the nonsense will not stop, and neither will the torture. At least 5 years into the alleged recovery, US GDP contracted by -1% in Q1 2014, down from last month’s estimate of a 0.1% growth. Why? It’s still the weather, say the “experts”. But [...]
zerohedge.com / by Tyler Durden / 05/29/2014 14:14
When the BLS reports the May job number in one week’s time, it will mark a historic threshold: this will be the report when the total number of jobs lost during the financial crisis at the national level is finally recovered, and the US [...]
zerohedge.com / by Tyler Durden on 05/26/2014 14:31
We have discussed the ‘downside’ of America’s “black gold” rush and the town of Williston, North Dakota is the poster child for the costs and benefits of this exuberance. But, as The BBC reports, there is some silver lining for those willing to deal…”Strippers can earn $2,500 [...]
globaleconomicanalysis.blogspot.com / Mike “Mish” Shedlock / Friday, May 23, 2014 2:32 AM
Have a job moving stuff or filling orders in a warehouse? If so, your job is in jeopardy.
Please consider Bezos expects 10,000 robots at Amazon warehouses by 2015
Amazon.com plans to aggressively expand its use of robots at [...]
zerohedge.com / by Tyler Durden on 05/22/2014 16:26
The biggest scandal in today’s release of Hewlett Packard Q2 earnings was not that it hit 30 minutes prematurely, catching algos unaware and unable to BTFD when the stock tumbled on what was a revenue miss and 1% decline from last year, nor that the company guided [...]