A recent article by Robin Harding in the Financial Times made the dubious claim that “the millions sent to prison in the U.S., and their subsequent struggle to find work, are a crucial reason for falling labour market participation in [America].”
The House of Representatives has the opportunity to stall the economic recovery by following the Senate and passing an extension of unemployment insurance benefits. Or, the House could help the economy by just letting the bill die.
The March jobs report, released April 4, shows strong labor market growth, with an increase in the labor force participation rate, 192,000 more jobs created according to the payroll survey, and 476,000 more Americans employed according to the household survey.
On April Fools' Day the Senate Committee on Health, Education, Labor and Pensions is holding a hearing on the Paycheck Fairness Act, sponsored by Senator Barbara Mikulski, who will reportedly chair the hearing.
For the first time since 1978, the United Kingdom has a higher overall labor force participation rate than the United States. However, since 2002, labor market activity for those in their prime working years has been higher in the United Kingdom because of the declining labor force participation rate in the United States.
With the publication of a new White House report titled The Impact of Raising the Minimum Wage on Women, President Obama is trying get women to support raising the hourly minimum wage from $7.25 to $10.10. Women should not fall for a proposal that would hurt their job opportunities.
The UCLA men’s basketball team faces a tall task Thursday night when they play overall #1 seed Florida in the Sweet Sixteen of the NCAA men’s basketball tournament. Win or lose, UCLA students and alumni may find solace in their school’s proportion of academic to athletic spending.
Visit a high school, any high school in America, and ask students about their summer plans. Few of them will be looking for a job. With the teen unemployment rate over 20 percent, even fewer of them will be able to find one.
Back in 1974
One of the most common arguments in favor of “progressive” economic programs, including a higher minimum wage, higher taxes on capital and labor, broader labor market regulation, and expanded overtime pay, is that workers have become more productive but have not received a corresponding rise in wages.