Robot arms weld a vehicle on the assembly line at a General Motors plant.
Since the Great Recession ended four years ago, American workers’ productivity has risen. But, in the U.S. there are two million fewer jobs than before the downturn. The unemployment rate is stuck at levels not seen since the early 1990s and the proportion of adults who are working is four percentage points off its peak in 2000.
Continue reading… “How technology hurts the middle class”
How Texas and North Dakota won the recovery.
If you want to understand how to create hundreds of thousands jobs at once you just need look to Texas and North Dakota. Together, these two states account for a little more than 8 percent of the country’s population — about one in 12 people. But they’re also responsible for 20 percent of net new jobs since the end of the recession. And, crucially, they account for “more than 100 percent of the increase in U.S. [oil] production since 2009,” James Hamilton writes.
Continue reading… “Smart policies are good, but oil is better”
Young tech companies create more jobs than they destroy.
There is some cause for alarm in the startup world. On the whole, young companies destroy more jobs than they create. That’s because so many of them fail. But there is some solace: Young tech companies create many more jobs than they destroy, even taking into account a high failure rate.
Continue reading… “Young businesses destroy more jobs than they create except in the tech industry”
Futurist Thomas Frey: By 2025, over 75% of the workforce will be comprised of Millennials, a group many refer to as the Facebook generation. That’s just over 11 years away.
Continue reading… “The Great Freelancer Movement: 8 Reasons Why your Next Job will be a Project”
“Nigeria is undergoing rapid changes in its agriculture sector.”
Goodluck Jonathan, President of Nigeria, has announced that the country expects about 3.5 million jobs to be created in the agriculture and allied industries by the end of 2015 with the current policy and institutional reforms taking place in Nigeria.
Continue reading… “Agriculture sector in Nigeria to create 3.5 million jobs by 2015”
Futurist Thomas Frey: What images come to mind when you think about the future? Do you think about near-term futures with 3D printers, driverless cars, and robotics, or do you think about more distant futures of space travel, human cloning, and teleportation devices?
Continue reading… “Inspiring a Better World Ahead, the Museum of Future Inventions”
An Amazon.com warehouse.
Amazon.com Inc has unveiled a new hiring spree on Monday that will fill more than 5,000 new full-time jobs at 17 of its fulfillment centers across the United States. This is ahead of a visit by President Barack Obama to one of the Internet retailer’s giant distribution warehouses this week.
Continue reading… “Amazon to hire 5,000 for full-time warehouse jobs in the U.S.”
These occupations are experiencing strong job growth and provide good opportunities for workers with the right skills.
Which jobs are hardest for employers to fill? CareerBuilder reports that 35% of hiring managers currently have positions that have remained open for 12 weeks or longer.
Continue reading… “Top 10 jobs employers are struggling to fill”
Job fair in China for college graduates.
College students in the U.S. facing the misery of an anemic post-graduation job market have company in an unlikely-seeming place: China. Despite entering a robust economy that seemed to weather the financial crisis as if were it a middling squall, China’s college graduates on average make only 300 yuan, or roughly $44, more per month than the average Chinese migrant worker, according to statistics cited over the weekend by a top Chinese labor researcher and reported today by the Beijing Times (in Chinese).
Continue reading… “Value of a college degree in China – $44”
Here’s what an astonishing graph (via Brookings) says. Job growth in America’s non-health-care economy has been dreadful during the last ten years. Just 2.1 percent total — or barely 0.2 percent per year. (Yes, that’s point-two percent annual growth.) In that time, the U.S. health care sector has grown more than ten-times faster than the rest of the economy, adding 2.6 million jobs.
Continue reading… “Growth of healthcare jobs in America: Graph”
Business in China are swamped with job applications from college graduates but have few jobs to offer.
The headline in he New York Times read “Degrees, but No Guarantees.” However, the story was not about the students graduating from American universities this season. Instead, it was about Chinese grads. Chinese businesses are swamped by job applications from graduating students but have few jobs to offer. As bad as our economy seems for our own grads, their prospects are better than China’s.
Continue reading… “The Chinese skills disconnect may be an opportunity for us”
Labor’s share of the world’s income is plunging, and the technology boom is to blame.
For the past thirty years, wages have evaporated as a share of the economy. Meanwhile, the proportion of national income consumed by profits, dividends, and capital gains has steadily grown. Capital 1, Labor 0.
Continue reading… “Robots are already stealing our paychecks”
By delving into the futuring techniques of Futurist Thomas Frey, you’ll embark on an enlightening journey.
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