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Chicago Imposes a $13/Hour Minimum Wage by 2019

Written by Gary North on December 3, 2014

Chicago has just sent businesses a message: “It’s time to adopt labor-saving machinery. Fire some workers.” It sent a message to adjoining suburban towns: “You will get lots of Chicago public transit commuters looking for work — cheap.” It sent a message to the city’s welfare office: “Prepare for a flood.” It sent a message […]

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Job Market: American Women Are Pessimistic

Written by Gary North on November 11, 2014

Almost two-thirds of American women in the labor force are pessimistic about the job market. Well over 50% of men are pessimistic. If the economic recovery were based on anything other than the Federal Reserve System’s creation of money, both figures would be lower. But the public sees the results of the fiat money system: […]

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Dead-End Jobs, Dead-End Recovery

Posted on October 8, 2014

By David Stockman The September jobs report was greeted by a flurry of robo-trader exuberance because another print well above 200k purportedly signals that growth is underway and profits will remain in high cotton as far as the eye can see. But how many years can this Charlie Brown and Lucy charade be taken seriously—-even […]

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Dissecting the Employment Numbers

Posted on October 4, 2014

By David Stockman The September establishment survey showed a 248k job gain, but that was the seasonally maladjusted, preliminarily guesstimated version which will be revised in October and November, and then re-benchmarked several more times in the coming years. So let’s take a pass on the enthusiasm with respect to this fleeting monthly delta and consider a couple […]

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Few Jobs for STEM Majors

Written by Gary North on September 16, 2014

Parents have been told to get their children into science, technology, engineering, and math — STEM. “STEM is the stepping stone to good jobs.” It turns out that most college grads who majored in STEM fields are unable to get jobs in these fields. Women engineers, yes. Industry needs token women to get the EEOC […]

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Video: When McDonald’s Takes Your Order by Robot

Written by Gary North on August 19, 2014

First, an oldie but goodie. Second, a 15-miniute video on jobs. Before you view it, keep this in mind. The economist has one question above all others: “At what price?” Do you like your job? At what price? Does your employer want you to keep working? At what price? Is your career at risk? At […]

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Teen Unemployment In Major U.S. Cities Tops 50%

Posted on June 7, 2014

Old timers often say that the young people in the U.S. today don’t have the work ethic of their predecessors. This may be true, but is this perceived weakness a symptom of a greater problem? Has the opportunity for many young people to find employment diminished, and thus made it harder for them to learn […]

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Seemingly Terrific April Jobs Report Poses Strange Puzzle

Posted on May 3, 2014

Funky job reports are not unusual, and the employment data for April certainly fits the bill. How else to explain the biggest gain in hiring in more than two years – at the same time the labor force shrank by the second largest amount in 32 years. Let’s review. The U.S. added 288,000 jobs in […]

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