Job Market Monitor
Michel Cournoyer
Would the key element of Reaganomics (the Laffer Curve) work today? Experts say NO
The Laffer Curve by Wikipedia In economics, the Laffer curve (sometimes referred to as the Laffer-Khaldun curve) is a hypothetical representation of the relationship between government revenue raised by taxation and all possible rates of taxation. It is used to illustrate the concept of taxable income elasticity – that taxable income will change in response to changes in the rate of taxation. The Laffer … Continue reading
The new Intergenerational Fairness Index shows that overall intergenerational unfairness has worsened in each successive year since 2000
On 26 June 2012, the Intergenerational Foundation marked the formal launch of the Intergenerational Fairness Index, representing the first attempt which has ever been made to systematically measure intergenerational unfairness across time by tracking a range of indicators.
Are People Really Working From Home ? 43 percent watch TV or a movie
A new survey by Citrix (CTXS), the Fort Lauderdale (Fla.) company that designs technology for employees to work remotely, shows that many people sneak in other activities while working from home. Based on a survey of 1,013 American office workers, conducted in June by Wakefield Research, 43 percent watch TV or a movie and 20 … Continue reading
How will Italy go out of euro purgatory ?
Antonio Fazio, the disgraced former governor of the Bank of Italy, warned half-jokingly in 1998 that the euro would not be paradise but a “purgatory” that would demand years of pain and sacrifice. Currently appealing a conviction for improperly trying to influence a bank takeover in 2005, Fazio is not much listened to these days, … Continue reading
HP – 9,000 jobs trimmed in U.S.
Hewlett-Packard plans to trim its workforce by about 9,000 in the U.S. as part of its long-term plan to reduce 27,000 jobs worldwide by fiscal 2014, a source familiar with the company’s plans said. HP in May said it was cutting about 8% of its workforce through a combination of layoffs and retirement offers in … Continue reading
Skilled Worker Shortage: Perhaps we don’t understand the problem well enough
We’ve been seeking solutions to manufacturing’s skilled worker shortage for so long, I have to conclude: Perhaps we don’t understand the problem well enough to either effectively communicate our needs to the potential workforce or to change our hiring practices… The question is: Do you think the general populace knows this fact or understands its … Continue reading
LA County court: Massive layoffs
Squeezed by state budgets cutbacks, the Los Angeles County court system is launching massive job layoffs, pay cuts and transfers, court officials said.. Cutbacks will affect 431 court employees and 56 courtrooms throughout the nation’s largest superior court system. Presiding Judge Lee Smalley Edmon bemoaned the loss of longtime employees as well as the impact … Continue reading
Asia: Investment banks launch round of job cuts
Investment banks and brokerages across Asia have launched a sweeping round of job cuts as Europe’s debt crisis and China’s economic slowdown bite into the region’s financial activity. Speaking to bankers and other industry sources, Reuters was able to confirm at least 50 people were let go in the past three weeks, a cull that … Continue reading
“Girls in Science” campaign: European Commission Launches Controversial Video
Lipstick, bubbles, and makeup — not exactly the first things that come to mind when discussing science. However, those are all displayed in the European Commission’s controversial video for its “Girls in Science” campaign. The goal of the video is to attract more women to a career in science. According to commission officials, the video … Continue reading
Quality of teaching and research is greatest when faculty are secure in their freedom to inquire, speak, teach and publish
At some point, discussions about the quality of higher education in the U.S. come around to the subject of tenure. And the disagreement could hardly be more stark. Critics of tenure for college professors say it is ruining the education of millions of students. In pursuit of tenure, they say, professors have become experts … Continue reading
Romney: a proponent of outsourcing jobs?
A conveniently timed piece on Mitt Romney in The Washington Post has given Democrats a big chance to label him as a proponent of outsourcing jobs, a line of attack that brings together the economy, a little-known career at a private-equity firm, and China. The thrust of the Post’s reporting is that while Romney ran … Continue reading
UK – £1,500, the cost of filling a vacancy in 2012
The median cost of filling a single vacancy stands at £1,500 in 2012 via What is the typical cost of filling a vacancy in 2012? (XpertHR – Employment Intelligence).
Resolute: Layoffs to come with shutting down paper line at Catawba plant
Resolute Forest Products is shutting down one of four production lines at its Catawba plant. The No. 1 line which makes lightweight coated paper used in magazines and advertising fliers, will shut down June 30. Layoffs will start July 2, said Debbie Johnston, spokeswoman for the company known formerly as Abitibi Bowater. How many people … Continue reading
Pentagon: Automatic cuts could wipe out nearly 1 million jobs
The report, by the National Association of Manufacturers (NAM), is the latest in a growing heap of studies warning of dire economic consequences if policymakers fail to avert about $100 billion in cuts to the Pentagon and nondefense programs next year. Across-the-board budget cuts scheduled to hit the Pentagon in January would eliminate nearly 1 … Continue reading
Sports Illustrated: Layoffs Coming
Job cuts are coming to Sports Illustrated and now we have a rougher idea of how many people are getting cut. It looks like as many as 16 folks could lose their job. Over the next two weeks, SI staffers will have a chance to volunteer for a buyout. If not enough people raise their … Continue reading
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