Category Archives: Wages

Employment And Technological

It seems to me…. “Our technological powers increase, but the side effects and potential hazards also escalate.”  ~ Alvin Toffler.[1] A discomforting pattern taking shape across the U.S. economy is that despite all the shiny new high-tech businesses, the vast … Continue reading

Posted in AI, AI, Artificial, Artificial Intelligence, Artificial Intelligence, Automation, Automation, Boeing, economic growth, Economy, Education, Employment, Employment, employment, Engineering, Income, Inequality, Inequality, Innovation, Innovation, Innovation, Intel, Intelligence, Jobs, Jobs, Manufacturing, Mathematics, Minimum Wage, Productivity, Productivity, Robotics, Robotics, Science, STEM, STEM, Technology, Technology, Wages | Tagged , , , , , , , , , , , , , , , , , , , , , , | Leave a comment

Recession Anxieties

It seems to me…. “Keynes’s contribution was not just to advocate spending government money in the middle of a recession. Every government had done that going back to the days of the Irish potato famine. What he gave to us … Continue reading

Posted in Asia, Asia, Bonds, Brazil, Brexit, China, China, Daimler, Debt, Debt, Deficit, Deficit, Economic, economic growth, Economics, Economy, Employment, Europe, Europe, Factor Intensity, Federal Reserve, Federal Reserve, Financial, financial crisis, France, France, GDP, Germany, Germany, Gini Coefficient, Gini Coefficient, Gini Index, Globalization, Globalization, Great Britain, Great Britain, Gross Domestic Product, human capital, India, Inequality, Inequality, Iran, Iran, Italy, Italy, Japan, Japan, Jobs, Liquidity Crisis, Liquidity-Trap, Mexico, Mexico, Mexico, Michael Polanyi, NAIRU, National, Nestlé, Physical Capital, Post-Industrial, Productivity, Recession, Recession, Stimulus, Swizerland, Technology, Total Factor Productivity, Trade, Trump, Wages, Xi Jinping, Xi Jinping | Tagged , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment

Technology’s Impact On Employment

It seems to me…. “Ever since the Industrial Revolution, investments in science and technology have proved to be reliable engines of economic growth. If homegrown interest in those fields is not regenerated soon, the comfortable lifestyle to which Americans have … Continue reading

Posted in AI, Artificial Intelligence, Artificial Intelligence, Asian, Automation, Automation, Automation, Boeing, economic growth, Economics, Economist, Economy, Education, Employment, Employment, employment, Female, health care, Healthcare, healthcare, Hispanic, Intel, Jobs, Jobs, Jobs, Minorities, minorities, Race, restaurant workers, Robotics, Robotics, Robotics, Robots, Silicon Valley, STEM, STEM, Technology, Technology, Wages, Wages, Women | Tagged , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment

Economic Challenges

It seems to me…. “We could solve all our problems if only we were the efficient, rational human beings of standard economic theory and had politicians willing to think in the long-term interest of their people rather than their own.” … Continue reading

Posted in Automation, Automation, Automation, Economic, economic growth, Economics, Economy, Education, Education, Employment, Employment, employment, Federal Reserve, Financial, Fiscal Policy, GDP, Gini Coefficient, Gini Coefficient, Gini Index, Gross Domestic Product, Income, Industrial Revolution, Inequality, Inequality, Investment, Jobs, Jobs, Jobs, Labor, Liquidity Crisis, Liquidity-Trap, Low-Skill, Manufacturing, Manufacturing, Monetary Policy, NAIRU, Non-Accelerating Inflation Rate of Unemployment, Obama, Phillips Curve, Post-Industrial, Postindustrial, Productivity, Productivity, Qualitative Easing, Recession, Robotics, Robots, Skilled, skilled, Stimulus, Technology, technology, Trade, Trump, Wages, Wages, Workers | Tagged , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment

Robotics And Employment

It seems to me…. “Increasingly, the work we do is enabled more and more by new IT, including automation, robotics, and intelligent platforms.” ~ Pierre Nanterme[1]. During the Industrial Revolution, John Stuart Mill wrote “there cannot be a more legitimate … Continue reading

Posted in AI, AI, Artificial Intelligence, Artificial Intelligence, Automation, Automation, Automation, Automation, Computer, Computerization, Education, Education, Employment, Employment, General Motors, George Devol, GM, Industrial Revolution, Industrial Revolution, Jobs, John Stuart Mill, Joseph Engelberger, Labor, Low-Skill, Machine Learning, Manufacturing, Productivity, Robotics, Robotics, Robotics, Robotics, Robots, Technology, Training, Training, Unimate, Wages, Workers | Tagged , , , , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment

Worsening Economic Inequality

It seems to me…. “We need to start talking about inequality again; we need to start talking about the inequities and unfairnesses and the injustices of an excessively divided society, divided by wealth, by opportunity, by outcome, by assets and … Continue reading

Posted in Child Tax Credit, China, Disparity, Earned Income Tax Credit, Economics, Economy, Employment, employment, Gini Coefficient, Gini Coefficient, Gini Index, Globalization, Globalization, Healthcare, Housing, Income, Income, India, Inequality, Inequality, Inequality, Innovation, Innovation, Innovation, Middle Class, Middle-Class, Middle-Income, middleclass, Organization for Economic Cooperation and Development, Organization for Economic Cooperation and Development (OECD), Poverty, Poverty, Taxes, Taxes, Technology, United Nations, Wages, Wealth, Wealth, Works Progress Administration, WPA | Tagged , , , , , , , , , , , , , , , , , , , , , , , , , | 2 Comments

Employment Discrimination

It seems to me…. “Discrimination is not done by villains. It’s done by us.” ~ Vivienne Ming[1]. As of April 2017, 1.6 million unemployed Americans had been out of work for six months or longer according to data from the … Continue reading

Posted in Automation, Automation, Automation, Budget, Bureau of Labor Statistics, College, College, Creative Destruction, Creative Destruction, Department of Labor, Discrimination, Economy, Education, Education, Employment, Employment, employment, Germany, Globalization, Japan, Jobs, Jobs, K-12, K-16, Labor, Labor Unions, Less-Educated, Manufacturing, robots, Robots, Technology, Technology, Training, Unemployment, Unions, United Nations, Wages, Workers | Tagged , , , , , , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment

Employment Opportunities

It seems to me…. “We need to have a strong economy that can create employment opportunities and that can also produce the revenue that we need to defend our country at home and abroad.” ~ Bob Menendez[1]. Contrary to claims … Continue reading

Posted in African-American, AI, Artificial, Artificial Intelligence, Automation, Automation, Automation, Automation, China, Computerization, Digitization, Economic, Economy, Education, Education, Education, Education, Employment, Employment, employment, Globalization, Income, Inequality, Intelligence, Jobs, Labor, Manufacturing, Manufacturing, Productivity, Retired, Retraining, Technology, Technology, Technology, Training, Unemployment, Wages, Workers | Tagged , , , , , , , , , , , , , , , , , , , , , , | Leave a comment

Employment Requires Increased Educational

It seems to me…. “Education is the passport to the future, for tomorrow belongs to those who prepare for it today.”  ~ Malcolm X[1]. As the economy moves deeper into the knowledge-focused age, changes are affecting the very nature of … Continue reading

Posted in AI, AI, Analytical Skills, Artificial Intelligence, Artificial Intelligence, Automation, Automation, Automation, College, College, Communications Skills, Computer Science, Computerization, Computerization, Computing, Degree, Economy, Education, education, Employment, Employment, employment, experience, Funding, Graduate, High School, Income, Infrastructure, Infrastructure, Jobs, Jobs, Learning, Lower-Income, Manufacturing, Middle-Income, Retraining, skilled, social skills, Training, Training, Wages, Wages, Workers | Tagged , , , , , , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment

Positive Economics And International Trade

It seems to me…. “The first lesson of economics is scarcity: there is never enough of anything to fully satisfy all those who want it. The first lesson of politics is to disregard the first lesson of economics.” ~ Thomas … Continue reading

Posted in Automation, Automation, Automation, College, College, Comparative Advantage, Comprehensive and Progressive Trans-Pacific Partnership, Computerization, Consumer Surplus, CPTPP, Disparity, Education, Elections, Employment, Employment, Employment, employment, EU, EU, European Union, European Union, Exports, Globalization, Globalization, High School, Imports, Income, Inequality, Inequality, Japan, Japan, Jobs, Manufacturing, NAFTA, Normative Economics, normative EconomicsN, North American Free Trade Agreement, Off-Shoring, Off-Shoring, Offshoring, Outsourcing, Positive Economics, Producer Surplus, Technology, TPP, Trade, Trade, Trans-Pacific Partnership, Trump, University, Wages | Tagged , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment