Michael Mansfield

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'End education conveyer belt to give pupils a chance in the job market'

We need a systematic approach to ensure each child develops the right skills for the world of work, argues Michael Mercieca<p>It’s long been lamented within the business community that the current education system isn’t providing young people with the skills that allow them to move seamlessly from the …

Here's Proof That Age Discrimination Is Widespread in the Job Market

Age discrimination is pervasive in the U.S., despite laws that prohibit it.<p>And the older you are, the more discrimination you face, according to the …

Demographics

Class of 2016 Graduates May Step Into Millennials’ Best Job Market Yet

Employers say they plan to hire 11% more fresh college graduates for U.S. jobs this year than last, according to a survey of 201 employers from the National Association of Colleges and Employers, which tracks college hiring.

Employment

This is what El Niño will do to the global economy

A strong El Niño, for example, is often associated with flooding and warm weather in Peru, drought in Indonesia, Africa, and Australia, torrential rains in Southern California, and a mild winter in the US northeast.<p>Equities analysts at Macquarie, led by Niraj Shah, believe they have worked out what …

Weather

Removal of One-Child Policy Could Boost Chinese Economy

The Chinese Communist Party’s decision last week to abandon the one-child policy, a draconian mandate dating back to 1979, was a necessary pivot in …

China

Competition for the Fed’s Money Monopoly

Bitgold transactions would make the central bank defend its market share.<p>History suggests that the only way to rein in the sprawling Federal Reserve is to end its money monopoly and restore the American people’s ability to use gold as a competing currency.<p>The legislative compromise that created the …

Federal Reserve

The stranger-than-fiction story of how the Fed was created

According to opinion surveys, no institution save the Internal Revenue Service is held in lower regard than the<p>Federal Reserve. It's also a font of conspiracy theories stoked by radical libertarians, who insist the Fed is debauching the currency and will ultimately bankrupt the country.<p>The Fed's …

Why Ben Carson thinks America is ‘doing a horrible job’ helping the poor

Ben Carson’s rise from poverty to surgeon to the top of the Republican presidential field is an unquestionably great American success story, and one that has profoundly shaped his views on economic policy. It is also unquestionably rare.<p>In Detroit, Carson’s hometown, a child born to the poorest 20 …

Income Inequality

Half of 25-year-olds live with parents, 1 million college students ‘Sugar Babies’, 31% of adjunct profs in poverty: Demanding obvious economic solutions yet??? | Washington's Blog

American so-called “higher education” does exactly what it should: prepare college students for the real world. On 2015 Earth, students must learn …

Students

The most prosperous countries in the world, based on happiness and financial health

The UK took fifteenth place, having achieved the biggest turnaround in any major developed economy<p>Norway has been named the world’s most prosperous country for the seventh year running, while neighbouring countries Denmark and Sweden also make the top five in a ranking of 142 countries across the …

New Obama Executive Order Establishes Government As Helicopter Parent

Religious intolerance may harm India's economy - business leaders

<i>This article is published in partnership with Time.com. The original version can be found here.</i><p>By Rishi Iyengar @Iyengarish<p>The chorus of voices …

India

This Is How Bad the Sharing Economy Is for Workers

Silicon Valley entrepreneurs keep telling us their way of doing business will “change the world.” And in many ways it already has, but it’s changed …

Fair Labor Standards Act

The Typical Male U.S. Worker Earned Less in 2014 Than in 1973

The typical man with a full-time job–the one at the statistical middle of the middle–earned $50,383 last year, the Census Bureau reported this week.<p>The typical man with a full-time job in 1973 earned $53,294, measured in 2014 dollars to adjust for inflation.<p>You read that right: The median male …

Demographics

Why Do We Criminalise the Underground Economy?

Economist Robert Neuwirth says that what's sometimes called the "black market" accounts for trillions of dollars that circulate back into the economy.<p><i>This article originally appeared on VICE US.</i><p>On Thursday, September 10, a group of 40 street vendors marched to Los Angeles City Hall to protest a new …

Selling
Christianity

Top CEOs Make 300 Times More than Typical Workers: Pay Growth Surpasses Stock Gains and Wage Growth of Top 0.1 Percent

The chief executive officers of America’s largest firms earn three times more than they did 20 years ago and at least 10 times more than 30 years …

Income Inequality

Debate Begins: New OT Rules Will Raise Wages — Or Kill Jobs

Business groups and labor unions sharply disagreed today over the potential impact of a proposed change to the federal rule governing overtime pay.<p>In coming months, the two sides will submit comments in writing to the Labor Department to try to shape the rule's final wording, but the verbal …

Employment

6 in 10 Americans Will Experience Poverty

There may be more fluidity between the haves and the have-nots than we previously thought<p>Over a lifetime, most Americans will experience at least a …

Income Inequality

This Is What Raising the Minimum Wage Did to Jobs in 11 States

In economic circles, the minimum wage causes maximum debate. New data suggest that's unlikely to change anytime soon.<p>Of 11 states that increased the …

Employment

We’ve entered the era of sci-fi economics — as Keynes predicted 85 years ago

Star Trek<p>The shadow of Keynes is never far away when debating economics in science fiction. It is probably because Keynes understood all too well …

In 1930, economist John Keynes predicted we'd only work 15 hours a week — here's one theory why he was wrong

Needless to say, Keynes was wrong — especially about Americans. The OECD estimates that Americans logged 34 hours a week in 2010, and that's including part-time workers. Gallup reports that the average full-time American put in nearly 47 hours a week in 2014.<p>On a recent episode of Planet Money, …

Economics

Brazil's economic freedom fighters are an example for Americans

Kim Kataguiri is a 19-year-old college dropout from a working-class family in Santo Andre, Brazil. How then, did he become the face of a movement, …

Brazil

What Happened When One Company Set a Minimum Wage of $70,000

Dan Price, the CEO of Gravity Payments, took a $930,000 pay cut to raise the minimum salary of his employees to $70,000. The plan was announced in …

Austrian Economics

Main Home

NATIONAL<p>We may all agree with Sen. Ping Lacson that Duterte's style is "non-boring," but its implications can be divisive at best.<p>While the …

Economic Data

What workers leaving their jobs tells us about the US economy

As the U.S. labor market continues its slow but steady recovery from the Great Recession, themovements in the so-called quit rate, or the share of …

Surging Childcare Costs Are Hurting More and More Americans

It’s not the cost of diapers or even future college tuition that’s rattling Amber Sparks.<p>“We basically had to remake our entire budget around …

Child Care