shizam

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The real reason you’re not getting a pay raise

Solving the “wage puzzle”: It’s not about inequality.<p>The economy is growing strongly, the unemployment rate has been at or below 4.5 percent for 16 straight months, but wage growth remains disappointingly low.<p>Wages are growing much more slowly than the last time we had sustained low unemployment …

Almost 80% of US workers live from paycheck to paycheck. Here's why | Robert Reich

Starting in the 1980s and with increasing ferocity since then, private-sector employers have fought against unions<p>The official rate of unemployment in America has plunged to a remarkably low 3.8%. The Federal Reserve forecasts that the unemployment rate will reach 3.5% by the end of the year.<p>But …

Private Sector

How the West became a self-obsessed culture

A new book explores the history of individualism in the West.<p>America has a narcissism problem.<p>This was the conclusion of a recent study published in the journal <i>Psychological Science</i>, in which researchers polled just under 3,000 Americans across 50 states and found that many of them have an outsize …

When it comes to inequality, these 5 states are the worst

America is heading for a level of income inequality that hasn't been seen since 1928 -- yet the richest residents in fives states and 30 cities have …

A Fast-Food Problem: Where Have All the Teenagers Gone?

A quarter-century ago, there were 56 teenagers in the labor force for every “limited service” restaurant — that is, the kind where you order at the counter.<p>Today, there are fewer than half as many, which is a reflection both of teenagers’ decreasing work force participation and of the explosive …

McDonald's

Federal Reserve chair calls decline in workers' share of profits 'very troubling'

The fall in the percentage of economic growth flowing to workers is "very troubling," a worrisome sign in an otherwise bright American economy, Federal Reserve chief Jerome Powell told a Senate panel Tuesday.<p>Testifying in front of the Senate Banking Committee, Powell expressed concern that the …

How Silicon Valley Fuels an Informal Caste System

California is the future of the United States, goes the oft-cited cliché. What the US is doing now, Europe will be doing in five years, goes another. …

I’ve spoken to hundreds of voters in “flyover country.” Socialism is an easy sell.

Kentucky voters are ready for a bold progressive agenda.<p>On a bitterly cold day in late January, I knocked on the door of a home in Louisville, Kentucky’s Camp Taylor neighborhood. I was running for state representative in a Democratic primary and was spreading the word about my candidacy. Camp …

McDonald's Says Goodbye Cashiers, Hello Kiosks

“Would you like fries with that?” may soon be a phrase of the past.<p>As minimum wage levels approach or surpass $15 nationwide, restaurant customers expecting to be greeted by a smiling face will instead be welcomed by a glowing LED screen.<p>As of 2020, self-service ordering kiosks will be implemented …

McDonald's

Employers will do almost anything to find workers to fill jobs — except pay them more

<i>UPDATE, July 12: In its latest report on wages, released Thursday, the Bureau of Labor Statistics said that earnings for all employees were unchanged in June from June 2017. Real average hourly wages increased 0.1% in June from May, because half of a 0.2% increase in average hourly earnings was</i> …

NIMBYs in the twenty-first century

SINCE the publication of "Capital in the Twenty-First Century", Thomas Piketty has won many plaudits for his work on inequality. The book has so far …

Korean Peninsula

‘No Poach’ Deals for Fast-Food Workers Face Scrutiny by States

Attorneys general in 10 states are moving to investigate whether a clause in fast-food franchise agreements is preventing workers from switching jobs, locking them into low-paying positions and, some economists say, contributing to widespread wage stagnation in the United States.<p>In a letter …

Revolution at 3.5″: Inside Vaporwave’s Mini-Boom of Floppy Disk Releases

Sterling Campbell had co-founded a cassette label and a VHS tape label in Ottawa, but needed a new creative outlet after moving back to Cornwall, …

Going for Broke, the Middle Class Goes Broke

It wasn’t long ago that the term “middle class” suggested security, conformity and often complacency — a cohort that was such a reliable feature of postwar American life that it attracted not just political pandering but also cultural ridicule. The stereotype included everyone from men in gray …

Forget in a Flash: A Further Investigation of the Photo-Taking-Impairment Effect

A photo-taking-impairment effect has been observed such that participants are less likely to remember objects they photograph than objects they only …

Homes 'Earn' Minimum Wage or More in Almost Half the Nation’s Largest Cities - Zillow Research

• Home values in San Jose, Calif., San Francisco and Seattle have been appreciating more than 3.5 times faster per working hour than the cities’ …

The rich world needs higher real wage growth

CENTRAL bankers and economists have spilled much ink in recent years on the question of why wages have not grown more. The average unemployment rate …

European Central Bank

Why capitalism won’t survive without socialism

Eric Weinstein on the crisis of late capitalism.<p>“We think of capitalism as being locked in an ideological battle with socialism, but we never really saw that capitalism might be defeated by its own child — technology.”<p>This is how Eric Weinstein, a mathematician and a managing director of Peter …

Open-Plan Offices Are Making Us Less Social

In recent years, a number of big companies – IBM, Bank of America, Aetna, Yahoo! under former chief executive officer Marissa Mayer – cut back on their telecommuting programs in the name of more interaction and cooperation between employees, supposedly fostered by being stuck together in an office. …

The Meaning of July Fourth for the Negro by Frederick Douglass

He who could address this audience without a quailing sensation, has stronger nerves than I have. I do not remember ever to have appeared as a …

The Resume Is Dead. Here's What Innovative Companies (Including Tesla) Are Using to Hire Instead

Need top talent? Then you need this.<p>In 1998, a study was done that found that previous work experience is actually one of the weakest indicators of future job success. So why do we still rely on it as the primary tool when it comes to hiring?<p>It makes no sense.<p>What does make sense is aggressively …

The Bulk of Software Engineering in 2018 is Just Plumbing

I read a post online recently about how some software engineer was asked to complete a technically complex, jargon-filled coding challenge over the …

Home is where the cartel is

Housing is a bitch.A case can be made that divisive hot-button issues like inequality and immigration ultimately derive from housing dysfunction. …

Housing

The Dark Side of the Silicon Gold Rush

Acclaimed urban geographer Richard Walker puts the Bay Area’s tech boom into historical and social context in his new book.<p><i>Pictures of a Gone City</i> is the culmination of the life’s work of Richard A. Walker, a professor emeritus of geography at the University of California, Berkeley. A student of …

New Study Confirms That American Workers Are Getting Ripped Off

America’s unemployment rate is hovering near half-century lows. There are now more job openings than unemployed workers in the United States for the …

The Post Virtual Reality Sadness

<i>by</i> <i>Tobias van Schneider</i><i><br>first appeared ✍🏼</i> <b>on my personal blog</b><p>I haven’t read much about this topic yet, and honestly I’m still trying to understand it …

Alicia Keys is done playing nice. Your phone is getting locked up at her shows now.

By Geoff Edgers<p>Geoff Edgers<p>Reporter covering movies, museums, comedy, music and pop culture<p>Email Bio Follow<p>NEW YORK — On a cool Manhattan night, DJ Walton, who helps manage Alicia Keys, steps outside the Highline Ballroom to tell the guy at the door who, exactly, he may allow to bring a cellphone …

Alicia Keys

Swift Assertions

There is a term in software development – defensive coding – it is an approach to software design and development that tries to ensure that an …

Professional corner-cutting

Steve Jobs famously cared about the unseen backs of cabinets. Antique furniture built with hand tools isn’t like that at all. Cabinetmakers made each …