Category Archives: Jobs

Higher pay for underperformance

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It would seem obvious that companies that do well—enjoy better profits and deliver higher returns to their shareholders—would pay their CEOs more, while companies that didn’t fare as well would pay less.

It would also be wrong.

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Who Pays for College?  Are They Getting Their Money’s Worth?

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According to the Student Loan Marketing Association (more commonly known as Sallie Mae Bank), the average tuition, room and board at a private college comes to $43,921.  Public tuition for in-state students at state colleges amounted to $19,548, with out-of-state students paying an average of $34,031.

How are parents and students finding the cash to afford this expense?

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Where Have All the Male Workers Gone?

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The White House Council of Economic Advisers has released a report showing a long-term decline in the share of American men ages 25-54 who are participating in the labor force (see first chart), to the point where the U.S. now has one of the lowest male labor force participation rates in the world (see second chart).

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What is the Jobs Report Telling Us?

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You’ve probably heard that the Bureau of Labor Statistics (BLS) Employment Report for the month of May was disappointing.  Economists who follow job growth in the U.S. economy were expecting 123,000 new jobs to be created.  The actual number, according to the BLS, was 38,000—the smallest gain since September of 2010.

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Gender Wages

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How much in lifetime earnings does it cost you to be a woman?

That’s a question posed by the National Women’s Law Center, and its analysis was eye-opening.  On average, in America, a woman who is starting her career now will earn $430,480 less than a male counterpart over the course of a 40-year career.  If you happen to be an African American or Native American woman, your earnings will be more than $870,000 less, and Latina women will miss out on more than $1 million in lifetime wages.

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Job Growth and Public Sector Employment Growth by Presidential Term

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You read a lot about job creation and governmental policies, especially in this era of lingering, lagging economic growth, especially from political figures who are hoping to get elected based on their policy prescriptions.  Republican candidates like to talk about the growth of jobs during Ronald Regan’s presidency, while Democrats tout the presidential terms of Bill Clinton.

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