Economic Opportunity

Why Baby Boomers Can't Give Up the Jobs They Are Holding

My post today is inspired by the elite commentary, “The Right Way to Ask Boomers to Retire / How ‘Polite’ Millennials Can Convince a Generation of Workaholics to Give Up Their Jobs,” by Mike Hais and Morley Winograd (September 29, 2014, Zocalo Public Square).

I’ve included my two comments to the article and the author response. My post then follows.

Nelson:

For American Workers, another Unhappy Labor Day

New National Employment Law Project research found that even though the official Bureau of Labor Statistics unemployment rate is back down to near-prerecession levels, 6.1 percent in July, Americans feel increasingly poor.

Lousy July BLS Report: Coming Months Could Be Worse if Obama Issues Aliens Work Permits

The Bureau of Labor Statistics July report was softer than many analysts expected. While some economists anticipated that jobs growth would hit 230,000, the total came in at 209,000 which caused an unemployment rate increase from 6.1 to 6.2 percent and a spike in the more inclusive U-6 rate from 12.1 to 12.2 percent.

BLS June Report Accentuates the Positive, Eliminates the Negative

The June BLS report would make Bing Crosby and the Andrews Sisters proud. Their classic song, “Accentuate the Positive, Eliminate the Negative,” summarizes the report. Even though the BLS didn’t actually get rid of the economic negatives, readers have to dig to find them.

Jobless Americans – Because it’s the Right Thing to Do

Jay Carney recently resigned his post as White House spokesperson. As many others do, he used the line that he needs to spend more time with his family. In corporate America, this is code for resigning before you are fired. In this case, it may signify that Jay Carney is tired of lying.

South of the Border, Where Mexico’s Economy and its Future May be Brighter than in U.S.

As unaccompanied minors flood across the U.S.-Mexico border, advocates’ cries of how federal immigration law breaks up families get louder by the day. After all, if the borders were officially wide open, then the 120 alien children who arrive each day could be accompanied by their parents or another responsible adult.

Betrayal of the American Dream

Today the American Dream is becoming less attainable than ever before, while the middle class continues to shrink as America's economy falters.

Replacing Laborers with Robots

Fast food workers are demanding higher wages for the hard work they do. Some call for an increase of their pay rate, near minimum wage, to as much as $15 an hour, and a number of worker advocates agree, saying the solution is to raise the minimum wage toward that amount.

White House Delivers Another Blow to Reeling American Unemployed

H4 Visa Holders to be Work Authorized

I’m putting this one in my “I’d rather be wrong than right” file. In my April 19 post, I alerted CAPS readers that the Department of Homeland Security was stealthily moving toward giving work authorization to spouses of H-1B visa holders. Under current regulations, spouses and children of H-1B workers receive an H-4 visa that allows them to study, open bank accounts and drive, but not work.

For Those who Don’t Mind Earning Peanuts, Job Market is on the Mend

Today, the Bureau of Labor Statistics released its April jobs report. Employers added 288,000 jobs in April, more than the 218,000 economists expected. The official unemployment rate declined from 6.7 percent to 6.3 percent, mostly because the number of people working or seeking work declined and are not included in the calculation. The labor force participation rate registered 62.8 percent, down from March’s 63.2 percent, while the employment-population ratio remained steady at 58.9 percent.

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