Tag: "employment"

What’s In a Wage?

Today the Bureau of Labor Statistics released its quarterly report (June 2014) on the cost of employee compensation.  The average hourly wage for U.S. workers in the private sector was $21.02.  Broken down: The average hourly wage for private sector full-time workers in all industries was $24.04.  For part-time workers it was $12.37. The average […]

More Evidence: Unemployment Benefits Hurt the Unemployed

In an earlier post, I highlighted a study from the Federal Reserve concluding that the extension of unemployment benefits through December 2013 may have prolonged unemployment. Several previous studies over the past decades have suggested this same effect of unemployment benefits.  To add to the body of evidence, a study just released from the House […]

New Fed Study On Unemployment Benefits

If the North Carolina experience with unemployment benefits was not convincing enough for naysayers, a new report from the Federal Reserve Bank of St. Louis finds that the expiration of unemployment benefits in December 2013 may have reduced unemployment in early 2014.  No surprise here, but worth noting.

North Carolina’s Success

Back in January, I wrote about the pitfalls of extending unemployment benefits.  Several studies have found that long periods of unemployment benefits exacerbate unemployment and reduce the incentive to find work.  A year ago, North Carolina opted not to receive federal unemployment benefits extension, and their decision paid off, as John Hood writes in the […]

U.S. GDP Growth Is In a Race To the Bottom

Wow…today the Bureau of Economic Analysis released its final first quarter estimate of U.S. annual GDP growth, and it’s not pretty.  Real GDP contracted 2.9%, far greater than the BEA’s original estimate of 0.1% growth.  For those who are alarmed, you should be.  A comparison of the United States to the G20 countries shows that […]

Seattle and Midland: A Tale of Two Cities

I was perusing the latest news on jobs and wages this morning, and I have been intrigued by the happenings in Seattle recently – the city council’s approval to raise the minimum wage to $15 an hour (phased in over seven years) and now a proposed plan for free universal pre-school paid for with a $58 […]

You Read It Here First…Maybe College is Overrated

In a recent Bloomberg article, Ohio University economist Richard Vedder wrote about the plethora of college degrees being churned out annually compared to the supply of jobs that historically not required a degree.  Dr. Vedder is an expert in higher education and has long bemoaned the “college at all costs” policy used to promote federal student […]

Income Inequality from a Plain-Spoken Perspective

Earlier this week, I participated in a televised panel discussion on income inequality.  The topic has generated much discussion lately, as President Obama’s central theme has been how to fix the gap between the rich and the poor.  My general thought is it simply cannot be fixed by dragging out the usual redistribution solutions – […]

States Are Turning Their Attention to Apprenticeships

With so much federal money poured into college aid, resulting in recent graduates mired in loan debt, it is refreshing that more attention is being paid to apprenticeships.  Some states are recognizing the importance in helping businesses boost these declining opportunities.  Read the WSJ article.

More On the Minimum Wage Debate

Last weekend, the Wall Street Journal ran an excellent article by Michael Saltsman, director at the Employment Policies Institute.  He rightfully noted that the examples President Obama uses of businesses that pay their employees well above minimum wage are businesses that can afford to do so.  For example, on a stop at the University of […]