Minimum wage is on a rise. This piece is a summary of: context regarding the minimum wage debate its legal basis its impact on different groups of the U.S. population and an outlook for the coming months. Case Study: Fast-Food Workers Hard to digest: 96% of fast-food workers earn less than $15 per hour. As … Continue reading Wage Wars: The Rise of Minimum Wage Across the U.S.
Education is important. Particularly in the labor market. But sometimes education gets confounded with certification. No Idea How to Evaluate Low-Skilled Workers Last week a Forbes article by Adam Ozimek has caught quite some attention. "Lack of information for low-skilled workers makes the market function worse; especially bad for black workers." https://t.co/ILQUQDB30c — Marc Andreessen (@pmarca) November … Continue reading The Labor Market Is a Black Box
Oh boy, last month the U.S. economy exceeded expectations. The BLS October ’15 Report Outlines Key Developments: 271,000 new jobs have been added Hourly earnings went up 2.5% over the year The unemployment rate went down to 5.0% Labor force participation is at 62.4% Public reactions have been mainly positive but it is easy to be misled by certain indicators. … Continue reading The Employment Report 10/2015 – Labor Force Participation at Historic Low
Work has always been an important part of our lives. Yet research shows that job related activities are taking over more and more of our waking hours. ‘9-5’: An Outdated Paradigm 40 hours are widely regarded as a standard workweek and is frequently used as a standard threshold for federal laws like the Affordable Care … Continue reading 40-hour Workweek: ‘a Fairytale’?
Someone misrepresented facts. Again. ‘Unemployment’ vs. ‘Underemployment’ This time it was Senator Sanders during the first Democratic Debate: African American youth unemployment is 51 percent. Hispanic youth unemployment is 36 percent. // Sen. Bernie Sanders (D-VT) The mistake: Right numbers. Wrong attribution. The data is from a recent report prepared by the Economic Policy Institute … Continue reading Labor Statistics and its Little Secret
Almost anything you need can be only one click away: Transportation, food delivery, valet service, grocery shopping, you name it. On-demand services are built around a new kind of workers. This very short article explores facts and projections about the future of gig-economy labor. Labor Market Shift The U.S. labor market is seeing a clear … Continue reading Diversified Workers: A Topic for the Presidential Campaign and Beyond
Note: This is a multi-part article. Part 1: Challenges & Status Quo. // Part 2: Best Practices & Future [link will follow as soon as published]. The Bay Area, home to some of the world’s most exciting fine-dining establishments hosted a get-together — the first of it’s kind. Chefs, restauranteurs, owners, domain experts, consultants, members of the … Continue reading The State of Fine Dining (Part 1)