Tagged Jobs

What Happens when the Minimum Wage Is Raised?

Well, among other things, you get employers looking for ways to replace human workers with automated ones. To be sure, the process of worker automation is inevitable regardless of whether there has been an increase in the minimum wage. But if you are a human being interested in keeping a job, minimum wage increases–especially sharp and sudden increases to $15 per hour–don’t help human beings keep their jobs. The only thing they do is cause managers and bosses to look for ways to cheaply replace human labor.

We Are Not Out of the Economic Woods Yet

For a while, recently, it looked as though the U.S. economy could create something on the order of 250,000 jobs per month, which got economic analysts thinking and hoping that at long last, the United States had turned the employment corner and would soon reach full employment–or something resembling full employment, at any rate. Those hopes took a serious hit, recently: The sputtering U.S. economy created just 126,000 jobs in March as bad weather, weak consumer spending and flailing corporate profits resulted in the worst report since December 2013. Economists expected nonfarm payrolls to rise 245,000 in March, with the…

Don’t Go Gaga over the Employment Picture

Look, I think it is great that the economy is adding nearly 300,000 jobs per month. We really do need that. But let’s keep in mind the fact that the type of jobs being created are not the type we want: The numbers seem terrific: a whopping 295,000 new jobs created in February, with 3.3 million new jobs added during the last 12 months. The pace of job creation now is comparable to the pace of the late 1990s, when the economy was booming. These are not boom times, however, and the fine print in the job numbers and other…

The Worst Analysis Regarding ISIL that You Have Ever Seen

Courtesy of Marie Harf, who actually has a job in our State Department, and who said the following regarding the war with ISIL: . . . We can not win this war by killing them. We can not kill our way out of this war. We need in the medium and longer term to go after the root causes that lead people to join these groups, whether it is lack of opportunity for jobs– Harf has now taken to Twitter to claim that her critics are too dumb to have properly understood her comments. Or something. To be sure, there is much…

Yes Virginia, Minimum Wage Laws Can Negatively Impact Employment

Behold. Of course, we can’t possibly expect the likes of Paul Krugman to stop pushing for minimum wage increases, even though he has now acknowledged that those increases have deleterious consequences. But the Internet is a wonderful thing, and with it, we can  hurl Krugman’s words back at him each time he derides anyone else for repeating them.

“You Didn’t Build That” Redux

Oh great. Here we go again: At a Democratic rally in Massachusetts, Hillary Clinton’s attempt to attack “trickle-down economics,” resulted in a spectacularly odd statement. [. . .] She went on to state that businesses and corporations are not the job creators of America. “Don’t let anybody tell you that it’s corporations and businesses that create jobs,” the former Secretary of State said. One wonders whether the Rose Law Firm, which gave Clinton a job out of law school, is and has been viewed by her as some kind of government agency. In related news, the next time that Democrats wonder…

In which Socialists Learn a Lesson about Economics

The Freedom Socialist Party (yeah, I’ve never heard of them either) is advocating a $20 per hour minimum wage. But when it comes to trying to get a part-time web designer, the party is only willing to pay $13 per hour. Asked about the discrepancy between the party’s words and deeds, “Doug Barnes, the party’s national secretary, told The Huffington Post on Saturday that the group relies heavily on donations from low-wage workers and could not afford to pay much to an inexperienced designer.” And of course, that is entirely understandable. Why, if the minimum wage were actually raised to…

Another Poor Jobs Report

Have I mentioned recently how truly tired I am of writing blog posts lamenting the bad employment situation? A surprising drop in hiring and in the number of people seeking work in August sent a reminder that the U.S. economic recovery is still prone to temporary slowdowns. Employers added just 142,000 jobs last month, well below the 212,000 average of the previous 12 months. The unemployment rate fell to 6.1 percent from 6.2 percent. But that was because more people without jobs stopped looking for one and were no longer counted as unemployed. Analysts took Friday’s Labor Department report in…

In Praise of Janet Yellen

Her statement today, in which she mentioned that the Federal Reserve would watch to see how the employment market was doing before raising interest rates, is welcome news for just about anyone who is still concerned that the economic recovery is not on firm footing, and who believes that the job market still has a ways to go before we can be sanguine about the employment picture. Incidentally, I don’t read Yellen’s comments as being an indication that interest rates will rise soon. Rather, I read them as a preemptive strike against those who would increase interest rates well before…

Neel Kashkari on the Jobs Situation in California

Neel Kashkari decided to highlight the bad jobs situation in California by putting “only $40 in my pocket (and no credit cards), a backpack, a change of clothes and a toothbrush,” traveling to Fresno (by Greyhound bus), and seeing whether he could find a job. Any job. It should not have been difficult; as Kashkari points out, “I am an able-bodied 41-year-old. Surely I could find some work.” As it turns out, he wasn’t able to find a single job in the one week during which he carried out his experiment. Not one. Was this something of a publicity stunt…