The odds of getting into one of the top American universities are about 1 in 10. American workers view Walmart in the same way as high school seniors view American colleges: last year 5 million Americans applied to Walmart for 500,000 jobs. These
On Tuesday, at Bell Multicultural High School in Washington, D.C., First Lady Michelle Obama declared, “When the year 2020 rolls around, nearly two-thirds of all jobs in this country are going to require some form of training beyond high school.
Economists have long understood that innovation is the force principally responsible for propelling economic growth. Austrian-American economist Joseph Schumpeter pioneered the connection between innovation
Last week, voters in New Jersey overwhelmingly approved an increase to their state’s minimum wage from $7.25 to $8.25 an hour. The measure passed on a ballot initiative with 60 percent of the vote. This is not surprising, because a recent Gallup poll finds
It is good news that the private sector created 212,000 jobs in October, but the continuing decline in labor force participation is troubling. Another 932,000 people were listed as “Not in Labor Force” in October. The labor force participation rate declined by four tenths of a percentage point, bringing the rate to 62.8 percent
On the morning after a World Series win, writing a column for the Boston Globe on anything but the Red Sox seems like an exercise in futility, but nonetheless, I decided to defend unpaid internships. Threatened by lawsuits for minimum wage violations, Conde Nast closed its program last week.