Job Market Monitor
Michel Cournoyer
Genetic score that predicts education is also associated with higher wages, but only among individuals with a college education
Economists generally accept that the skills rewarded in the labor market arise from a combination of endowed abilities, economic environments, and endogenous human capital in- vestments. Endowments, environments and investments almost certainly interact in compli- cated ways, transforming the distribution of abilities drawn at birth into a distribution of education, wages, and labor supply outcomes … Continue reading
Higher Education – Making college is hardly the only way to increase quantity, quality, and equity
Earlier this month, New York became the first US state to offer all but its wealthiest residents free tuition not only at its public community colleges, but also at public four-year institutions within the state. The new program, called the Excelsior Scholarship, doesn’t make college completely free, nor is it without significant restrictions. Still, the … Continue reading
Information on Postsecondary Labor Market Outcomes in US – Match student records with employment data and regularly publicize aggregate employment and earnings outcomes by program of study, ideally through legislation
Information on postsecondary labor market outcomes is becoming increasingly important for students, educators, institution leaders, and policymakers in today’s rapidly changing economy. This paper assesses the current landscape of employment data, proposing technical enhancements to help agencies and institutions more effectively collect and share information. Recommendations on federal and state policies to better inform students … Continue reading
There is no evidence that automation leads to joblessness or inequality EPI says
There clearly are serious problems in the labor market that have suppressed job and wage growth for far too long; but these problems have their roots in intentional policy decisions regarding globalization, collective bargaining, labor standards, and unemployment levels, not technology. Job displacements caused by trade with China in the 2000s were four times as … Continue reading
Middle Class – Smaller in US than in Europe, but richer
The American middle class is smaller than middle classes across Western Europe, but its income is higher, according to a recent Pew Research Center analysis of the U.S. and 11 European nations. The median disposable (after-tax) income of middle-class households in the U.S. was $60,884 in 2010. With the exception of Luxembourg – a virtual … Continue reading
Reskilling displaced workers – Don’t focus exclusively on traditional jobs
We’re not taking advantage of the full potential of “reskilling” workers. Conversations and solutions around job displacement are often limited for two reasons: 1) They focus exclusively on traditional jobs rather than “deconstructed” work; and 2) They focus on regional partnerships, rather than considering the global work ecosystem. Important solutions require seeing beyond “jobs” and … Continue reading
Bac + 5 en France – Les salaires cinq ans après
Les docteurs se situent, avec les diplômés d’écoles d’ingénieur et les docteurs en santé, en haut de la hiérarchie des salaires en 2015. Leur salaire mensuel net médian atteint 2480 euros quand celui des seconds approche les 2440 euros. A titre de comparaison, après 5 années de vie active, les diplômés de M2 perçoivent un … Continue reading
Youth Unemployment in Canada – Always higher
However, participation rates are only one part of young people’s experience of the labour market. A second major factor is whether youth are able to find employment once they enter the workforce. The youth unemployment rate varied widely from 1946 to 2015. Relatively low until the mid-1950s, it climbed 5.9 percentage points from 1956 to … Continue reading
Labor Market in US – It is doing quite well but earnings inequality continues to rise
In the aggregate the US labor market is doing quite well. Unemployment is currently below 5%, and real weekly earnings of full-time workers increased from the 2000 cyclical peak to the current period of near full employment. The difficulties lie behind the aggregates. Earnings inequality continues to rise, with the growth in earnings most prevalent … Continue reading
Ontario – Le salaire minimum à 15$ l’heure d’ici 2019
L’Ontario fera passer son salaire minimum à 15$ l’heure d’ici 2019 dans le cadre d’une réforme des lois du travail, qui élargira également le droit à des congés payés en plus d’abolir l’écart de rémunération entre employés à temps plein et à temps partiel. La première ministre Kathleen Wynne en a fait l’annonce mardi, dans … Continue reading
Minimum Wages in US – No effect on prices of changes similar to those observed historically research finds
Minimum wage policy attracts an enormous amount of attention in the United States. Between January 2014 and July 2015, the effective minimum wage in- creased in 26 states, and as of January 2015, 75% of Americans supported an increase in the federal minimum wage to over twelve dollars per hour. Researchers have responded to this … Continue reading
Changes in the age structure of the workforce are significantly correlated with changes in aggregate productivity
This paper examines the relationship between workforce demographics and aggregate productivity. Changes in the age structure of the workforce is found to be significantly correlated with changes in aggregate productivity. Different demographic structures may be related to almost one quarter of the persistent productivity gap between the OECD and low income nations as well as … Continue reading
The Next Production Revolution – Education and skill system will need constant attention OECD says
The next production revolution will occur because of a confluence of technologies. These range from a variety of digital technologies (e.g. 3D printing, the Internet of Things, advanced robotics) and new materials (e.g. bio- or nano-based) to new processes (e.g. data-driven production, artificial intelligence, synthetic biology). This report examines the economic and policy ramifications of … Continue reading
Traits in Order of Importance when Hiring a Candidate – “Work ethic/integrity” topped the list
Express Employment Professionals [has] released new survey results … revealing traits that are most important to businesses when hiring job candidates. In a survey of 1,030 businesses, respondents were asked to “rate the following traits in order of importance when hiring a candidate with 1 being least important and 5 being most important.” “Work ethic/integrity” … Continue reading
Big Data – It will challenge white-collar, professional knowledge work in the 21st century
“Big data and algorithms are going to challenge white-collar, professional knowledge work in the 21st century in the same way that factory automation and the assembly line challenged blue-collar labor in the 20th century.”
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