Found 420 article(s) in category 'Jobs and Unemployment'

Economy is fragile, recession could occur, Harvard professor warns

Economy is fragile, recession could occur, Harvard professor warns. Martin Feldstein, July 18, 2018, Video, “Renowned Harvard professor and economist Martin Feldstein said the Federal Reserve would not be prepared if a recession were to occur soon. Feldstein told FOX Business Opens a New Window. ’ Maria Bartiromo during an interview on “Mornings with Maria Opens a New Window. ” on Wednesday that the economy is in good shape because of low unemployment Opens a New Window. and inflation, but despite that, it is still very fragile.Link

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Nationalism, Immigration, and Economic Success

Nationalism, Immigration, and Economic Success. Jason Furman, July 18, 2018, Opinion, “There can be no question that immigration provides a net economic benefit to advanced economies, particularly those experiencing a retirement boom. But as long as anti-immigrant sentiment dictates the political narrative, growth will suffer, and resurgent populist forces will grow stronger.Link

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Falling Behind: The Role of Inter- and Intragenerational Processes in Widening Racial and Ethnic Wealth Gaps through Early and Middle Adulthood

Falling Behind: The Role of Inter- and Intragenerational Processes in Widening Racial and Ethnic Wealth Gaps through Early and Middle Adulthood. Alexandra Killewald, July 13, 2018, Paper, “Whites’ wealth advantage compared to blacks and Hispanics is vast and increases with age. While prior research on wealth gaps focuses primarily on wealth levels, we adopt a life-course perspective that treats wealth as a cumulative outcome and examine wealth accumulation across individuals’ lives. We test to what extent intergenerational disadvantage and disparities in achieved characteristics explain accumulation disparities. We hypothesize that disparities in wealth determinants, like income and education, family and household characteristics, and homeownership and local context, increase through early and middle adulthood, widening wealth accumulation gaps.Link

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Is tax reform working? Not if you’re a worker in need of a raise

Is tax reform working? Not if you’re a worker in need of a raise. Jason Furman, July 10, 2018, Opinion, “We now have about six months of macroeconomic data since the passage of the 2017 tax cut, reform, scam, or whatever you want to call it — since the “Tax Cut and Jobs Act” name was removed in the amendment process.Link

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Ed Glaeser on the Future of Employment, Inequality, Poverty, and Joblessness in America

Ed Glaeser on the Future of Employment, Inequality, Poverty, and Joblessness in America July 2018. GrowthPolicy’s Devjani Roy interviewed Ed Glaeser, the Fred and Eleanor Glimp Professor of Economics at Harvard University, on the future of employment, inequality, poverty, and joblessness in America. | Click here for more interviews like this one. Links: Ed Glaeser’s […]

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A jobs guarantee — progressives’ latest big idea

A jobs guarantee — progressives’ latest big idea. Lawrence Summers, July 2, 2018, Opinion, “The percentage of US workers, or those seeking employment, aged 25-54 has declined over the past two decades. The impulse behind the latest “big” progressive idea of offering job guarantees is entirely valid. Studies show that those without jobs are much more likely to be dissatisfied with their lives, to become addicted to alcohol or drugs, and to be abusive within their family than even those working at low wages they find inadequate.Link

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Productivity and Pay: Is the Link Broken?

Productivity and Pay: Is the Link Broken? Lawrence Summers, June 2018, Paper, “Since 1973 median compensation in the United States has diverged starkly from average labor productivity. Since 2000, average compensation has also begun to diverge from labor productivity. These divergences lead to the question: Holding all else equal, to what extent does productivity growth translate into compensation growth for typical American workers? We investigate this, regressing median, average, and  production/nonsupervisory compensation growth on productivity growth in various specifications. We find substantial evidence of linkage between productivity and compensation…Link

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Jonathan Zittrain on Information Privacy, the Future of Jobs, and the Changing Role of Technology Companies

Jonathan Zittrain on Information Privacy, the Future of Jobs, and the Changing Role of Technology Companies June 2018. GrowthPolicy’s Devjani Roy interviewed Jonathan Zittrain, the George Bemis Professor of International Law at Harvard Law School and Harvard Kennedy School, Professor of Computer Science at the Harvard School of Engineering and Applied Sciences, Director of the […]

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The Fed Can’t Save Jobs From AI and Robots

The Fed Can’t Save Jobs From AI and Robots. Martin Feldstein, June 10, 2018, Opinion, “The day is coming, experts tell us, when artificial intelligence and robotics will massively disrupt the labor market. Autonomous vehicles will put 3.5 million truck drivers at risk of losing their jobs. Checkout machines may replace 3.4 million retail cashiers. That is only the beginning of the long list of jobs that will be destroyed by technological change.Link

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