OK, so a company can’t look to hire new grads now for fear that some older person will bring a lawsuit?
The goal ultimately is to make it harder and harder for companies to fire anyone.
Sounds good for workers right? Well, it’s a double edged sword. If it’s harder to fire it’s much harder to hire. Companies fearing being stuck with poor performers will choose to not hire or to automate.
And check this video out. This is the sort of thing employers have to concern themselves with these days. Good luck keeping all the rules straight.
I was listening to Bloomberg this morning in the car and this kind of number was certainly not on the table for the economists and money managers they had on for the breakfast show. (At least the ones I heard.)
38,000 huh? And these numbers of late have been particularly subject to downward revision over time. This is a significant blow and may put a lot of the economic world back on the heightened state of alert we saw at the beginning of the year as stocks dipped seriously.
The government wants to create a perception, a “reality,” which does not conform to reality. If one tells the public that the sky is red long enough, over and over, they (or a significant portion of the population) will come to believe that the sky is indeed red. At least for a while. The politicians want you to believe!
We are puttering along. The drop in gas prices has given some people breathing room while it has also caused serious economic pressure in fracking country.
The good news is the market seems to be shrugging off the relatively bad news. The assumption is that the Federal Reserve is unlikely to raise rates before the end of the year in light of the jobs report. The central bank won’t raise rates because it can’t, though it wants to. (Most people think anyway. Some think the Fed has no intention at all of raising rates anytime soon. They are the small minority though.) As such Wall Street gets to continue enjoying 0% rates.
When Greenpeace workers are striking because of unfair labor conditions you know something is out of wack. Either the workers are completely unreasonable and entitled or the environmental organization really is pretty bad. It sounds like it’s mostly the former.
If one is trying to get people employed incentivising unemployment isn’t wise. It is however politically great for those who are for a large government. So long as the main part of a person’s income comes from welfare one can rest reasonably assured that such a person will vote for more government.
As we’ve argued many times before, arbitrarily raising the minimum wage, particularly to a level which is far above the real wage rate is an idiotic move. It creates unemployment for low wage earners, and in many cases for the people who formerly employed low wage earners. A “living wage” sounds nice. It sells to economically unsophisticated people. But a job doesn’t suddenly become “worth” more just because the government declares that it is. One can not revoke gravity. Likewise one can not revoke supply and demand.
Wifi connection and you are in business.
I wonder if it has anything to do with high taxes, over regulation, or the highly crony governments in at least a good number of these cities. Add in crime, and traffic, and of course people want to get out of Dodge, or Chicago anyway.
Many of today’s office workers should be telecommuting most of the time. It just makes sense. Why sit in a cube in a building when one can do the same job,
This is pretty interesting. What do people actually do for a living? Where are these jobs? Why aren’t we all telecommuting at this point? (Seriously, if you work in a standard white collar office this is a legit question.)
This map represents each job in the USA (according to the 2010 census) with a dot, at the job location.
See, now that we know what the problems are, getting the whole Greek economic crisis thing under control should be pretty easy.
Mohamed El-Erian says the Greek “no” vote is like this scene from the classic movie Network.
Good. I know a couple of ex-cons who’d served their time and just wanted to get on with their lives but had a very hard time finding a job. Any job. This is was largely because they were excluded from consideration right out of the gate.
These guys are going to have to explain their long gap in employment history anyway to the HR person who hires them. But at least some computer somewhere isn’t just dumping their resumes immediately into the “NO”
Thomas Woodhill argues that even though unemployment is “officially” at 5.9% this is highly deceiving.
I’ll bet that’ll be a fun return.
On the surface this ruling sounds like a win for “workers,” but sadly it’s not. If the government can keep businesses from firing people, indeed in this case force CNN to REHIRE fired workers, businesses will simply choose not to hire new people.