The millennial generation is easily the most studied demographic since their parents, the Baby Boomers. This is not only because Americans are always fascinated by youth culture, and that millennials are growing up during a …
Economy
Flip-Flops at Work: Millennials Finally Get What They Want
Put on hold during the recession, Millennials’ workplace preferences are again front and center. Here’s why smart companies are giving in.
5 Myths About Living Wage Laws
Washington D.C. Mayor Vincent Gray is uncomfortably nestled between a rock and a hard place. Last Friday, the D.C. council sent a bill (The Large Retailer Accountability Act of 2013) to the mayor’s desk that would require large retailers like Walmart and Target to pay its workers a “living wage” of $12.50 per hour — significantly higher …
Nobelist on America’s Missing Economic Mojo — and How To Get It Back
Economist Edmund Phelps has spent most of his career investigating the conditions of economic growth. It is a worthy topic of a life’s focus, given that an increase in growth from the current level of about 2% to 4% would solve …
Taper Terror: Markets Fear the End of Fed Stimulus
Playing the markets isn’t easy, even for the most experienced investors. But in the wake of the financial crisis and the Federal Reserve’s subsequent efforts to stimulate the economy, understanding securities markets has in some
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Long-Term Unemployment: A Weak Link in a Fragile Recovery
The 2008 financial crisis has left us with no shortage of economic problems, but among the most worrisome is the scourge of long-term unemployment. Though the official unemployment rate has fallen from more than 10% in October …
America’s Productivity Problem
Would you like a raise? How about more vacation? Of course you would. If you’re anything like me, one of your main motivations each day at the office is the prospect of advancing, making more money, or even earning more time off …
Europe’s False Recovery
Amazon’s Hiring Spree Shows Difficulties for American Middle Class
New jobs like those found in Amazon fulfillment centers aren’t an antidote to the weak recovery; they are a symptom of it
Who Isn’t Being Left Behind During the Economic Recovery?
While the economy has been in recovery mode for the past several years, many groups have been said to be “left behind” — like essentially the entire middle class.
Fewer Americans Will Work: What That Means for the Economy
With last year’s presidential election so focused on jobs and the economy, the American public probably knows more about the nuances of the unemployment rate than they ever have before. One particular of the official unemployment rate that received attention last year is that the Labor Department counts someone as unemployed only if he …
Supersizing Strikes Back: Homes and TVs Get Bigger, Sales of Yachts, RVs, Trucks Rise
After years of downsizing and making do, American consumers are going big once again.