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Employment

The “Internet of Things” Won’t Eat Your Job

A popular sport evolving over dinner tables across the United States is the discussion of whether tech is going to kill or create jobs. Behind the boom in tech is the discussion of “The Internet of Things.” The Internet of Things (IoT) is an all – encompassing term depicting the changing landscape of how data is leveraged by big industry.

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Yes, the Rich Have Become Poorer Since the Recession Started

The top one percent is obviously not hurting by anyone’s standards, but it remains the case that income inequality is lower and the rich are poorer than at the start of the recession. 

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Challenges Facing Low-Income Individuals and Families

I will focus my remarks on long- and short-term trends in the American labor market over the past 25 years, seeking to clarify where we do and do not face challenges. I want to move beyond the conventional wisdom that most of the economy’s problems are long-term structural ones rather than temporary effects of the Great Recession.

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Don't Propose on Valentine’s Day

With Valentine’s Day fast approaching, many lovers are undoubtedly contemplating popping the question. But unfortunately, getting married may cost a lot more than people expect due to the structure of government programs. 

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With Job Creation Up, Workers Still Choose to Stay Home

The good news is that the economy is creating more jobs than ever. Just consider—257,000 more jobs in January, 329,000 in December, and 423,000 in November. The bad news is that the labor force participation rate—the percentage of people who are employed or who are looking for work—has barely moved, from 63 percent in January 2014 to 62.9 percent in January 2015.  

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Dear Government, Please Could I Work?

Occupational licensing costs the U.S. economy nearly 3 million jobs and over $200 billion each year. The practice of requiring individuals to receive government permission to work has grown rapidly and now affects 3 in 10 workers—up from less than 1 in 20 in the early 1950s.

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What to Watch in the President’s Budget Proposal

President Obama’s budget proposal, to be released on Monday, confirms that a sweeping, bipartisan compromise to tame exploding federal debt is not on the White House agenda for 2016. The president’s budget consists of a litany of new entitlements and increased spending measures that would be financed through higher taxes. 

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McDonald's, Already Struggling, Now Has to Fight the Government

McDonald’s Corp.’s new CEO, Steve Easterbrook, has a major task in front of him in addition to increasing sales of burgers: getting his company out of the clutches of the National Labor Relations Board.

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Ridesharing Will Save Lives Super Bowl Sunday

This weekend, after boozy Super Bowl parties, people will have more options to get home safely because of rideshare companies such as Uber, Lyft, and Sidecar. A new report issued by Uber and Mothers Against Drunk Driving shows that booming ridesharing services are not just convenient and affordable—they are lifesavers.

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Another (Over-) Dramatic Portrayal of the Rise in Income Inequality

Berkeley economist Emmanuel Saez has published his latest estimates on income concentration in the United States, extending a series he has produced with Thomas Piketty. He concludes that the top 1 percent captured 91 percent of the income gains from 2009 to 2012. These types of results are some of the most popular depictions of inequality trends, but it is not clear that they are saying what people think they are.

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