Monday, December 9, 2013

Monday Evening Quarterbacking, last weeks news edition

The hot topics last week in jobs seemed to be dominated by two themes: minimum wage and the Friday jobs report.  Below are two articles that I thought brought a good amount of analysis and perspective as opposed to others.

http://m.theatlantic.com/business/archive/2013/12/the-true-cost-of-a-higher-minimum-wage/282131/

This well thought out article makes the case that that we need to look at inequality from all angles, not just minimum wages. This is a good perspective as low wage jobs are just a symptom of a larger problem wherein the international economic system is moving further towards inequality

Five key numbers for jobs report

http://money.cnn.com/m/#!/2013/12/06/news/economy/jobs-numbers.json?category=Latest News

This is a great article that highlights a few intriguing numbers from the much discussed monthly report. The take away for me was that some sectors are barely budging (like high paying manufacturing), but unemployment is going down for right reasons (people finding jobs, not leaving the work force).  One interesting thing was that energy jobs, according to the article, had only grown a few thousand since the start of the year. This is peculiar if you consider all the news about the "New Energy Revolution".

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