Job Market Monitor
A Closer Look
Moderate minimum wages can do more good than harm writes The Economist
MINIMUM-WAGE laws have a long history and enduring political appeal. New Zealand pioneered the first national pay floor in 1894. America’s federal minimum wage dates from 1938. Most countries now have a statutory pay floor—and the ranks are still swelling. Even Germany, one of the few big countries without, may at last introduce a national … Continue reading
Employability And The Economy
Employability is based on a set of individual characteristics. It is not equivalent to employment, but rather a prerequisite for (gainful) employment. It pertains to someone’s relative ability to obtain and maintain gainful employment, as well as make successful transitions from one job to the next, either within the same company or field or to … Continue reading
Bullied At Work
Most workers, even those who love their jobs, would probably say their job has caused them stress at some point writes Debra Auerbach in Workplace bullying on the rise, according to new study (Adapted choosen excerpts by JMM to follow) Throw in job insecurity, an increased workload and intensified pressure to perform, and stress levels can hit … Continue reading
Closing the Skills Gap / Connecting College Students and Employers
There are two major factors we need to address to close this gap and bring students and young professionals closer together with employers. The first factor is empowering students to make informed decisions about their degree and courses they take. It takes 120 credits to graduate with a Bachelor’s Degree, yet the national average is … Continue reading
The American Job Gap
We face a 9 million jobs gap between the number of jobs we have and the number we need, and this doesn’t even address the low quality of the jobs being created. The chart below, taken from an Economic Policy Institute blog post, illustrates the gap. As Heidi Shierholz, the author of the post, explains: The … Continue reading
How Education Matter – Infographics
. . Source: DOES GENERAL EDUCATION MATTER?
4-Day Workweek / Employees Love It, But Businesses ?
Business owners, do your employees work a four-day workweek? If you answered no, you’re not alone. The business world has evolved in many ways over the past few decades (for proof, just watch any episode of Mad Men), but one tenet of common corporate practice has held true: most workers still punch their digital time … Continue reading
Gender Gap / Men Get the Jobs That Get Them Ahead
When it comes to the hot, high-profile jobs that lead to big promotions, managers overwhelmingly pick men for such plum roles, according to a new study, released Wednesday. Even when they are equally qualified, women are generally given smaller budgets, fewer direct reports and less exposure to the C-suite than their male counterparts, according a … Continue reading
Layoffs Don’t Benefit Hospitals
Dean Gruner, MD, and Chris Van Gorder are not your everyday health system CEOs. Dr. Gruner is president and CEO of ThedaCare, a five-hospital system in Appleton, Wis., with roughly 6,100 employees. Mr. Van Gorder, a former police officer, is president and CEO of Scripps Health, a five-hospital system in San Diego with almost 13,000 … Continue reading
Inequality, Source of Macroeconomic Instability – Keynes View
While Keynes rejected the view that over-saving could be a cause of slump, he recognized that it was more difficult to maintain continuous full employment in an economy in which wealth and income are highly unequal…. So what should governments do? Keynes suggested three expedients: they could either increase their own spending out of loans, … Continue reading
US Job Market – America’s Geriatric Work F(a)rce
There is the schism of America’s workforce since the NBER-defined official end of the recession in June 2009 into the “haves”, or those above 55, who have been able to get a job since the end of the recession, and the “have nots”, or all those in the labor force who have not been able to … Continue reading
Spain – 60,000 More Public Employees Than in 2007
The number of public employees in September stood at a total of 2.99 million, thus lowering the threshold of 3 million for the first time since the third quarter of 2008. Nevertheless, the Spanish public sector still has to this day with more than 59,800 employees at the beginning of the crisis, as in the … Continue reading
The Big Job Gap
” The recovery is real, but it’s still really far from the recovery we need” writes Matthew O’Brien in The Scariest Jobs Chart, Private Sector Edition. (Choosen excerpts by JMM to follow) That’s been the consistent message of the past three years, with consistent job growth that hasn’t been near enough to end our jobs crisis much … Continue reading
US – There is now less equality of opportunity
Of course, there is no perfect way to measure opportunities. The best method devised thus far is to look at outcomes: college completion, gainful employment, and sufficient income. If the average outcome for one group far outpaces that for another, social scientists conclude that the first group had greater opportunities. Comparing outcomes is not foolproof, … Continue reading
UK – Vocational Education – Skills Gap: Economic Recovery Depends on Balance Between Academic and Vocational Ed
“Big companies believe the UK’s economic recovery may depend on improving the balance between academic and vocational education” writes James Taylor in We need more investment in practical skills, say employers on managementtoday.co.uk. “87% of the large firms questioned by education services provider Pearson said the UK economic recovery was at risk without more investment … Continue reading
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