Author: Ericksson Abad

Why Janet Ain’t Yellin’ “Higher Interest” Anymore: Jobs Worse than Expected and Far Worse than Reported

By: David Haggith In the fall of 2015, I said the Federal Reserve would raise interest rates once in December then would not be able to fly any higher thereafter. The stock market would crash shortly after the Fed pulled up on the interest stick (which it did in what became the worst January in stock-market history), and then the Fed’s hopes of recovery would fade away. I also said that, in spite of a continually degrading economic situation around the world, the Fed would badly want to lift its interest target again in order to prove its recovery had recovered from the first lift. The fact that...

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The Neurodiversity Movement Finds a Friend in Microsoft, But Tough Questions About Employment Lie Ahead

By: Michael Bernick The neurodiversity in employment movement came to our state last week. On the morning of June 6, over 200 neurodiversity advocates from around the country gathered at the Microsoft campus in Mountain View, for the “Neurodiversity in the High Tech Workforce” conference. The event demonstrated the growing heft of the movement, while also indicating some of the tough questions that lie ahead if the movement is to yield greater results. This is the second year of the conference, which is the brainchild of Microsoft Sales Specialist, Global Accounts, Stu Shader. Shader himself is dyslexic and was...

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Trainee robot office manager Betty starts two month trial as artificial intelligence enters workplace

Team meetings will never be the same again for one work group who have taken on a humanoid staff member By: KIRSTIE MCCRUM A trainee office manager is set to begin a two month trial, but this is a new starter with a difference – because Betty is a ROBOT. The unusual colleague is about to launch her new career at The Transport Systems Catapult, based in Milton Keynes thanks to a team from the University of Birmingham. Betty will carry out tasks including patrolling the offices, assessing how many staff members are in the office outside working hours, monitoring...

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Laid-Off Americans, Required to Zip Lips on Way Out, Grow Bolder

Technology workers from Abbott Laboratories gathered in April at a North Chicago bar after the company laid off about 150 of them. JOSHUA LOTT FOR THE NEW YORK TIMES By JULIA PRESTON LIBERTYVILLE, Ill. — American corporations are under new scrutiny from federal lawmakers after well-publicized episodes in which the companies laid off American workers and gave the jobs to foreigners on temporary visas. But while corporate executives have been outspoken in defending their labor practices before Congress and the public, the American workers who lost jobs to global outsourcing companies have been largely silent. Until recently. Now some of the workers...

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We Don’t Have a Wage Problem; We Have a Money Problem

By: Samuel Bryan On June 7, the Washington DC Council voted to raise the city’s minimum wage to $15 per hour. DC joins New York and California, along with a number of major US cities that have made the move to boost the minimum wage over the last year. The DC Council’s vote was a major symbolic victory for supporters of the well-organized “Fight for $15” campaign. According to the Washington Post, the effort resonates with Americans: “Polls find strong support for a $15 wage floor as many Americans have become frustrated by the loss of well-paying manufacturing jobs...

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SOMETHING BIG THAT ALWAYS HAPPENS RIGHT BEFORE THE OFFICIAL START OF A RECESSION HAS JUST HAPPENED

Last Friday, the government released the worst jobs report in six years, and that has a lot of people really freaked out.     By: Michael Snyder What you are about to see is major confirmation that a new economic downturn has already begun. Last Friday, the government released the worst jobs report in six years, and that has a lot of people really freaked out.  But when you really start digging into those numbers, you quickly find that things are even worse than most analysts are suggesting.  In particular, the number of temporary jobs in the United States has...

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Americans Not In The Labor Force Soar To Record 94.7 Million, Surge By 664,000 In One Month

By: Tyler Durden So much for that much anticipated rebound in the participation rate. After it had managed to rise for 5 months in a row through March, hitting the highest level in one year, the disenchantment with working has returned, and the labor force participation rate promptly slumped in both April and May, sliding 0.4% in the past two months to 62.60%, just shy of its 35 year low of 62.4% hit last October. This can be seen in the surge of Americans who are no longer in the labor force, who spiked by 664,000 in May, hitting an...

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Should Engineers Really be Judged by Their Resume Writing Skills?

By: Ritika Trikha Martin Harriman wanted to make his way back to the software industry after a decades-long break building hardware, so he did what most people do when they’re trying to change industries. He carefully tailored his resume and cover letter to downplay his hardware experience and—in turn—emphasize his skills, knowledge and expertise in software. A quick CTRL-F command could tell you that he mentions the keyword “software” 17 times in his resume and “hardware” only six. Technically, his resume should successfully pass through most companies’ applicant tracking systems and into the hands of software engineering managers. One...

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Minimum Wage Blowback: From Fast Food to Whole Foods

  By Chris Rossini   Government “help” always produces blowback. When government force is used to supposedly benefit “workers,” employers adapt. It’s during that adaptation process that the government “help” inevitably turns into government “hurt”. The “Fight for 15” thing has caused fast-food restaurants to rapidly automate. From McDonalds to Wendy’s (who is putting kiosks in all 6,000 restaurants), those who thought the government would use the threat of violence to “help” them are not going to get $15/hr. They’re going to get zero instead. Pink slips instead of an unjustified raise. It’s not stopping at fast-food either. Other companies...

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Losing Ground In Flyover America——Wanting For Work, Buried In Debt, Part 4

By: David Stockman   The flyover zones of America are wanting for work and buried in debt. That’s the legacy of three decades of Washington/Wall Street Bubble Finance. The latter has exported jobs, crushed the purchasing power of main street wages and showered the bicoastal elites with the windfalls of financialization. The graph below depicts the main street side of this great societal swindle at work. There are currently 126 million prime working age persons in the US between 25 and 54 years of age. That’s up from 121 million at the beginning of 2000. Yet even as this business cycle is rolling...

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