We’ve asked two experts to examine the causes of American unemployment and explain how we might fix some of the issues associated with it.
On May 1, 1886, approximately 35,000 workers walked off their jobs, demanding the standardization of eight-hour workdays. Many labor historians point to this day in U.S. history as the inception of International Worker’s Day, more commonly referred to as May Day.
The demand for skilled labor continues to expand — but the global workforce has not necessarily caught up. Over the past few decades, American manufacturers have increasingly looked abroad for skilled workers to fill the supply gap. A McKinsey and Company report published in 2012, The world at work: Jobs, pay and skills for 3.5 [...]
What exactly is ‘behavioral’ economics? In understanding the distinction between behavioral and theoretical economics, it’s important to understand that within the ‘traditional’ view of economic theory, it is assumed individuals behave in a vacuum. In practice, however, the attitudes and wants of individual actors is well, human. In an interview with Yale professor Robert Shiller, Nigel Warburton clarifies this: So what you’re saying [...]
Jared Bernstein’s areas of expertise include federal and state economic and fiscal policies, income inequality and mobility, trends in employment and earnings, international comparisons and the analysis of financial and housing markets. He joined the Center on Budget and Policy Priorities in May 2011 as a Senior Fellow. From 2009 to 2011, Bernstein was the Chief [...]
The U.S. Food and Drug Administration oversees everything from cosmetic labeling to vaccination purity and efficiency. Included in the F.D.A.’s purview is the research and approval of medical devices, like vaginal mesh, the subject of this week’s story. At issue is the process by which many medical devices, based on similar products already on the market, are cleared for use. Critics say [...]
This weekend’s news that the island nation of Cyprus is in need of a financial bailout proves the very real concern over economic contagion. In light of the situation there, we can effectively link the Greek bond defaults to the crisis within Cyprus Popular Bank, the most heavily exposed bank in the nation. “Cypriot banks [...]
This week our program focuses on jobs and the often discussed “skills gap” many say exists in the U.S. We report that twelve million Americans are jobless and looking for work but just what kind of work and where to find it does not yield a definitive answer. Some are of the opinion that the [...]
Opinion in America is often sharply divided over medical malpractice litigation. Some say that the advocacy system in the only sure way for patients to get proper redress. Others, including those wanting to simplify and cap lawsuits through tort reform, believe the system is wasteful, churning out settlements at a high cost to taxpayers and doctors alike.