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Income Inequality and the Death of Trickledown

On September 12, 2012, the Census issued its report on Income, Poverty, and Healthcare Coverage in the United States: 2011. While the full report has some nice charts, one that was conspicuously missing was on income inequality. The data for such a chart was in the tables, and so I was able to construct the … Continue reading

How do Fed actions bring job growth ?

In discussions about the Fed actions, it occurred to me that many of the explanations that link the Fed’s moves to stronger job growth leave out a number of steps in the middle. It’s of course not the case that the Fed buys MBS or announces they’ll keep rates low and jobs that weren’t there … Continue reading

India – 400,000 CIL workers lost jobs in coal scam

In yet another aspect of the coal controversy that’s still unfolding, over four lakh workers of the Coal India Limited (CIL), a public sector unit, lost their jobs after blocks were taken away from CIL’s kitty and given to private parties. “In 2000, CIL had 8 lakh skilled workers, but in August 2012, they had … Continue reading

OECD – Education at a glance – Key Findings

Equity Young women are five percentage points more likely than young men to become better educated than their parents (40% compared with 35%), while young men are more likely than young women to have lower educational attainment than their parents (15% compared with 11%). The educational attainment of mothers has a stronger impact on students’ … Continue reading

US – Defense cuts could impact 100000 jobs

A harsh round of federal budget cuts could cost Huntsville thousands of jobs. The White House released a report on the upcoming automatic spending reductions known as “sequestration.” The cuts are due at the end of the year. Experts on government budgets and contracts said this could easily cost more than 100,000 jobs and the … Continue reading

France – Sanofi to Cut 1500-2000 Jobs

French pharmaceutical giant Sanofi SA (SAN.FR, SNY) will disclose cuts of between 1,500 and 2,000 jobs in France on Sept. 25, French newspaper Le Figaro reported Saturday, without citing sources. The company plans to reduce its 28,000 payroll in France mainly through attrition, the newspaper said. In July, Sanofi had said it planned to cut … Continue reading

How Millennials Work Differently From Everyone Else

As more and more millennial workers assume management positions, you may notice changes in the nature of the workplace. Why? Because there are distinct differences between the work styles, expectations, and career perspectives of younger and older workers. A new survey conducted by HarrisInteractive on behalf of CareerBuilder between May 14 and June 4, 2012 … Continue reading

Oyster Bay: 150 layoffs set

Oys­ter Bay offi­cials in an open let­ter dis­trib­uted Thurs­day to town employ­ees empha­sized that it had a long-standing family-style rela­tion­ship with the union, but failed labor talks set the stage for immi­nent staff cuts. “At the start of nego­ti­a­tions … Oyster Bay: Union talks stall, 150 layoffs set

225 jobs lost as Alberto Culver factory in Swansea closes

HUN­DREDS of work­ers at the Alber­to Cul­ver fac­to­ry are today look­ing for new jobsafter being told it is to close. The 225 work­ers at the Swansea Enter­prise Park busi­ness were told yes­ter­day morn­ing that con­sumer giant Unilever would be press­ing ahead … This is South Wale 225 jobs lost as Alberto Culver factory in Swansea … Continue reading

EA plans to cut 1,000 jobs

The strug­gling econ­o­my is final­ly hit­ting the video game indus­try, and hard. EA is prepar­ing to under­take some rather dras­tic cost-cutting mea­sures, EA plans to cut 1,000 jobs, close at least nine offices

Canada – Oil sands ‘exporting jobs’, says NDP energy critic

We have seen a lot of new invest­ments, but lower wages jobs have increased. Q Bank of Cana­da gov­er­nor Mark Car­ney believes the high dol­lar is not to blame for the loss of man­u­fac­tur­ing jobs, which is the view of the NDP gov­ern­ment… A We have seen a … Nation­al Post Oil sands ‘exporting jobs’, … Continue reading

Long-Term Unemployment: A National Crisis For Older Workers

Americans age 55 and older are struggling to rebound from a dramatic spike in unemployment since December 2007.Seniors have experienced consistently longer periods of unemployment than younger workers, as employers seek cheaper labor and look to skirt potentially higher health care costs, according to a study by the Government Accountability Office released earlier this year. … Continue reading

India Gov’t unveils big bang reforms

After months of dithering on the economy, India’s beleaguered government roared back to life in dramatic fashion on Friday, announcing big bang reforms as part of package of measures aimed at reviving growth and staving off a ratings downgrade. A day after sharply increasing the price of heavily subsidized diesel, the government said it was … Continue reading

How to plan a career in your 20s to stay home with kids in your 30s

Forbes just pub­lished a sur­vey that shows that 84% of work­ing women want to stay home with kids . The new job that every­one wants is stay-at-home mom. This makes sense to me. It’s clear that women don’t want to bust through the glass ceil­ing, or they’d have done it by now. And it’s clear … Continue reading

India – Tourism to generate jobs

Union Tourism Minister Subodh Kant Sahai on Friday said that tourism will be a major source of employment in the years to come. Addressing the Golden Jubilee celebrations of Institute of Hotel Management, Catering & Nutrition, Pusa in New Delhi on Friday, he said while the agriculture sector provides jobs to 45 people per lakh, … Continue reading

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