The Labor Market Is a Black Box

Education isĀ important.Ā 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

Tuesday Digestif (47/2015): Escaping the Superstar Syndrome

Hello, this week we look at (1) how to build performing teams that not only consist of superstars (2) how the Republican debate quotes labor market statistics and (3)why shutting down the free snack bar is a recipe for disaster. Have a great read. Cover Story Tim O’Rilley argues that all types of companies will … Continue reading Tuesday Digestif (47/2015): Escaping the Superstar Syndrome

Tuesday Digestif (46/2015): Low Unemployment Rates only Tell Half the Truth

Hello, today our 5th issue of the labor policy & HR management newsletter covers the following: (1) why unemployment is a misleading economic indicator, (2) Fight-for-$15 strikes & job posting trends, and (3) how to strategically build a career. Happy Tuesday šŸ™‚ Cover Story October 2015 has been a strong month for the U.S. economy: … Continue reading Tuesday Digestif (46/2015): Low Unemployment Rates only Tell Half the Truth

The Employment Report 10/2015 – Labor Force Participation at Historic Low

Oh boy, last month theĀ U.S. economy exceeded expectations. The BLS October ’15 ReportĀ Outlines Key Developments: 271,000 new jobs have been added Hourly earnings went upĀ 2.5% over the year The unemployment rate went down to 5.0%Ā  Labor force participation is at 62.4% Public reactions have been mainly positive but it is easy to beĀ misled by certainĀ indicators. … Continue reading The Employment Report 10/2015 – Labor Force Participation at Historic Low

Tuesday Digestif (45/2015): $70,000 Minimum Wage – but Does it Work?

Dear reader, this is our fourth issue of our weekly labor policy & HR management digest. This time we walk you through (1) experimental comp structures, (2) fashion retailers dropping staffing practices, and (3) the best practices to onboard and manage great talent. Enjoy šŸ™‚ Cover Story $70k minimum wageĀ (url) – Payment company CEO Dan … Continue reading Tuesday Digestif (45/2015): $70,000 Minimum Wage – but Does it Work?

Tuesday Digestif (44/2015): 40-hour Workweek Is an Outdated Concept

Hello, this is the 3rd edition of our weekly Labor Policy & HR Management digest. Cover Story Research shows that U.S. citizens are working more than ever. Read the short analysis here. This Week’s Finest Future of Local Regulation of ā€˜Sharing Economyā€™ (url) – Gig-economy is here to stay. Companies are taking over important aspects … Continue reading Tuesday Digestif (44/2015): 40-hour Workweek Is an Outdated Concept

Tuesday Digestif (43/2015): Labor Statistics and its Little Secret

Huzzah everyone! Cover Story Oops he did it again. Presidential candidate Senator Bernie Sanders lied about the labor market. Read our full story. This Week’s Finest ā€˜Like Uber for Janitors, but with Benefitsā€™ (url) – In anticipation of regulatory change, companies like Managed by Q, Shyp, and Alfred shift their workforce from 1099 to W-2 … Continue reading Tuesday Digestif (43/2015): Labor Statistics and its Little Secret

Labor Statistics and its Little Secret

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