The nation’s payrolls rose by only 142,000 last month, and job gains for July and August were revised down by 59,000, suggesting the pace of job growth has slowed in recent months. The labor force contracted and weekly hours of work also declined slightly. Hourly pay was unchanged over the month and rose 2.2% over… Read more
And Jon sayeth unto the multitudes: “The best defense against bullsh__ is vigilance. So if you smell something, say something.” This admonition came to mind, if not to nose, when I heard Fox’s Bill O’Reilly claim that the Affordable Care Act “has made it more difficult to create full-time jobs in America,” (around 2:30 in the… Read more
…EPOP, or the employment-to-population ratio. More on that interesting connection in a moment. As I’ve written before, this Pontiff has been a stalwart for economic and environmental justice, speaking out specifically against austerity, and calling upon governments to “relaunch the labor market.” Well, I figure that since he gets a lot of this from my… Read more
I participated in this panel at the Aspen Inst. the other day on the freelance/gig/sharing/1099/on-demand economy…or whatever you want to call it. I had a lot to say about it as did other with lots of varied experiences. Check it out.
While I’m wide open to evidence that I’m wrong, I’ve been skeptical of the claim that the robots are coming for our jobs. To be technical, the economics question is this: is the pace at which labor-saving technology is entering the workforce accelerating? I’ll explain the italics in a moment. There are various pieces of… Read more