Youth Unemployment Hits 52-Year Low

Data suggest more opportunities are available to some groups that historically struggled to find jobs.

>Andrew Duehren reports: The unemployment rate among young Americans fell to its lowest level in more than 50 years this summer, though the share of young people looking for work remained well below its peak in 1989.

Of Americans between 16 and 24 years old actively looking for work this summer, 9.2% were unemployed in July, the Labor Department said Thursday, a drop from the 9.6% youth unemployment rate in July 2017. It was the lowest midsummer joblessness rate for youth since July 1966.

One of those finding work was Teandre Blincoe, 17, who placed in a job this summer in an information technology division at Humana, a health insurance company based in Louisville, Ky., by KentuckianaWorks, which has partnered with JPMorgan Chase & Co. to place low-income youth in summer jobs.

With his first job under his belt, Mr. Blincoe said he would feel more confident looking for employment in the future. “I have a really solid idea of how I can present myself and actually get a job.”

Low unemployment among young people shows that in a tight labor market more opportunities are opening to groups that historically have struggled to find jobs. Read the rest of this entry »


How Many Foreign Tech Workers Is “a Lot”?

Upon Closer inspection

Many years ago, in response to a colleague saying a certain appropriation was “only” a billion dollars, Senator Everitt Dirksen famously replied, “A billion here, a billion there, it adds up!” Such common sense (not to mention such dry wit by a politician) is rare in this era in which the slick industry PR people prey on widespread innumeracy in the press and Congress.

Advocates for more liberal immigration policies like to dismiss concerns about the H-1B work visa program by pointing out that the yearly H-1B cap is minuscule compared to the total labor force of the U.S. Of course, a 10-year-old could see through that argument; the visa is usable only for certain kinds of jobs, so it is absurd to compare to the total labor force.

Tech companies like to make statements like, “Only 5% of our workers are H-1Bs.”  A 10-year-old might partly see through this…

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[VIDEO] Seattle’s $15 Minimum Wage is Hurting the Workers It’s Intending to Help

Three years ago, the city of Seattle voted to gradually raise its minimum wage to $15 an hour in the name of human decency and basic fairness. Several cities, including New York and Los Angeles, have done the same thing. Critics argue that boosting wages by bureaucratic diktat leads to fewer hours and jobs for low-income and low-skilled workers.

Now what The Washington Post calls a “very credible” study from researchers at the University of Washington finds that the critics are right. The Post calls this bad news for liberals. But the real victims are low-skilled workers.

The study finds that when wages were increased to $13, employers cut hours by 9 percent. That means that low-skilled workers saw their monthly compensation decrease by an average of $125.

Studies that downplay the effects of minimum wage hikes have mostly focused on teenagers and fast food workers. But the study at the University of Washington paper looks at the impact on workers spanning all ages and all demographics.

The findings may surprise progressives who believe that the only limit to higher pay for workers is the greed and selfishness of business owners. But it doesn’t come as a surprise to those who remain unconvinced that the law of supply and demand can be amended by city councils. Labor is simply another cost for any business, and when the price of something goes up, we tend to buy less of it.

Another takeaway from the study is that if you want to raise the income of low-skilled workers, taxpayers should pay for that burden through direct cash payments or other forms of welfare. Offloading the cost to employers has unintended consequences, even though it’s a lot easier to demonize business owners for being greedy cheapskates than to build a consensus around raising taxes. Read the rest of this entry »


Socialist Utopia Setback: Seattle’s $13 Minimum Wage Led To Drop Of $1,500 In Income For Low-Wage Earners

Ben Shapiro writes: Remember that time Seattle’s socialist city council member Kshama Sawant pressed for the city to increase its minimum wage to $15 per hour? I actually debated Sawant on the issue; I asked her if she would be in favor of raising the wage to $1,000 per hour. She misdirected from the issue.

Seattle actually ended up embracing $13 per hour, raising the minimum wage from $9.47 in 2014 to $11 in 2015 to $13 in 2016 under the theory that an increase wouldn’t throw people out of work, wouldn’t encourage part-time hiring, and would inflate salaries enough to allow more affordability in the Seattle housing market.

From the dustbin of history: The socialist zombies of Seattle

A new study demonstrates that, as usual, central planning of the economy leads to precisely the reverse of the results the planners seek to achieve.

According to a new paper from the National Bureau of Economic Research:

Using a variety of methods to analyze employment in all sectors paying below a specified real hourly rate, we conclude that the second wage increase to $13 reduced hours worked in low-wage jobs by around 9 percent, while hourly wages in such jobs increased by around 3 percent. Consequently, total payroll fell for such jobs, implying that the minimum wage ordinance lowered low-wage employees’ earnings by an average of $125 per month in 2016. Evidence attributes more modest effects to the first wage increase. We estimate an effect of zero when analyzing employment in the restaurant industry at all wage levels, comparable to many prior studies.

In other words, restaurants didn’t fire anybody, they just put them on part-time shifts and cut back their hours. That shouldn’t be a surprise, since that’s precisely what happens every time the government places an extra burden on employers. Read the rest of this entry »


TOP FIVE Infuriatingly Ignorant Socialist Quotes From Elizabeth Warren

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Intellectuals and socialism have a long, sordid history

Senator Elizabeth Warren (D-MA) is a smart cookie, no doubt about it. In fact, she used to vote Republican, so it appears at once she might have had a tiny soft spot for the free market… not that Republicans really believe in a free market either but… forget them, this is about Warren.

Intellectuals and socialism have a long, sordid history. Academics are generally thought to be highly intelligent, so since so many university professors tend to lean left, wouldn’t that mean that socialism is good because smart people back it?

Not so fast.

In “The Intellectuals and Socialism” by F.A. Hayek, the Austrian economist argued that we may be suffering from what’s known as “sample selection bias,” meaning that there are lots of intelligent people who don’t favor socialism, but these people are more likely to find a productive job in the marketplace, rather than join the academy and teach. In other words… in the famous words of polemicist H.L. Mencken: “Those who can, do. Those who can’t, teach.” And don’t forget that “intellect is not wisdom,” from Thomas Sowell.

Let’s see if Liz Warren has any wisdom to offer in accordance with her intellect.

1. “No one in this country should work full time and still live in poverty.”

Poverty is about more than just how many hours you work. It’s about the decisions you make with the money you earn. Poverty isn’t always a choice, but it isn’t always mandatory either. The US federal government uses poverty thresholds to determine which and how many households have pre-tax income which they claim is insufficient to meet minimal food and basic needs. Really it’s about determining who should receive government assistance, but if you only look at these dollar amounts in American figures, you’re not getting a very good picture of what true poverty is on a global scale. You don’t want to be poor in Europe, trust us.

[Read the full story here, at  thelibertarianrepublic.com]

And it’s a complete fallacy that the poor are getting poorer in America. The bottom fifth of U.S. households in 1975 earned $28,000 more in 1991. Not only that, but the poor’s purchasing power has increased. Here in the good old US of A, even poor people have microwaves, smart phones, and a vehicle or two parked in the old dirt road. Some people are poor and happy. Some people aren’t, but here in America, at least poor can be a choice rather than a mandate.

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2. “The federal government will make $ 51 billion in profits off student loans. That’s more than wrong. It’s obscene.”

There’s that old bugaboo word there “profit” again. As if making a profit was a bad thing. Libertarians don’t think the government should be in the student loan business at all. Read the rest of this entry »


Immigration: Good for the U.S. Economy

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[VIDEO] Japanese Businessman Promises $50 Billion and 50,000 Jobs

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From the Grave, Castro Trolls Obama

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‘After America, There Is No Place to Go’

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‘I cannot tell you that Hitler took Austria by tanks and guns; it would distort history.’

If you remember the plot of the Sound of Music, the Von Trapp family escaped over the Alps rather than submit to the Nazis. Kitty wasn’t so lucky. Her family chose to stay in her native Austria. She was 10 years old, but bright and aware. And she was watching.

“Totalitarianism didn’t come quickly, it took 5 years from 1938 until 1943, to realize full dictatorship in Austria. Had it happened overnight, my countrymen would have fought to the last breath. Instead, we had creeping gradualism. Now, our only weapons were broom handles. The whole idea sounds almost unbelievable that the state, little by little eroded our freedom.”

“We elected him by a landslide – 98 percent of the vote,” she recalls.

She wasn’t old enough to vote in 1938 – approaching her 11th birthday. But she remembers.

“Everyone thinks that Hitler just rolled in with his tanks and took Austria by force.”

No so.

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Hitler is welcomed to Austria

“In 1938, Austria was in deep Depression. Nearly one-third of our workforce was unemployed. We had 25 percent inflation and 25 percent bank loan interest rates.

“If you needed elective surgery, you had to wait a year or two for your turn. There was no money for research as it was poured into socialized medicine. Research at the medical schools literally stopped, so the best doctors left Austria and emigrated to other countries.”

Farmers and business people were declaring bankruptcy daily. Young people were going from house to house begging for food. Not that they didn’t want to work; there simply weren’t any jobs.

“My mother was a Christian woman and believed in helping people in need. Every day we cooked a big kettle of soup and baked bread to feed those poor, hungry people – about 30 daily.’

“We looked to our neighbor on the north, Germany, where Hitler had been in power since 1933.” she recalls. “We had been told that they didn’t have unemployment or crime, and they had a high standard of living.

Possible Presidential Candidates Attend South Carolina Democratic Convention

“Government officials told him he had to replace them with round tables because people might bump themselves on the corners. Then they said he had to have additional bathroom facilities. It was just a small dairy business with a snack bar. He couldn’t meet all the demands.”

“Nothing was ever said about persecution of any group – Jewish or otherwise. We were led to believe that everyone in Germany was happy. We wanted the same way of life in Austria. We were promised that a vote for Hitler would mean the end of unemployment and help for the family. Hitler also said that businesses would be assisted, and farmers would get their farms back.

“Ninety-eight percent of the population voted to annex Austria to Germany and have Hitler for our ruler.

“We were overjoyed,” remembers Kitty, “and for three days we danced in the streets and had candlelight parades. The new government opened up big field kitchens and everyone was fed.

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“The first two hours consisted of political indoctrination. The rest of the day we had sports. As time went along, we loved it. Oh, we had so much fun and got our sports equipment free.”

“After the election, German officials were appointed, and, like a miracle, we suddenly had law and order. Three or four weeks later, everyone was employed. The government made sure that a lot of work was created through the Public Work Service.

“Their loose lifestyle was very alarming to me. They lived without religion. By that time, unwed mothers were glorified for having a baby for Hitler.”

“Hitler decided we should have equal rights for women. Before this, it was a custom that married Austrian women did not work outside the home. An able-bodied husband would be looked down on if he couldn’t support his family. Many women in the teaching profession were elated that they could retain the jobs they previously had been required to give up for marriage.

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“Then we lost religious education for kids”

“Our education was nationalized. I attended a very good public school.. The population was predominantly Catholic, so we had religion in our schools. The day we elected Hitler (March 13, 1938), I walked into my schoolroom to find the crucifix replaced by Hitler’s picture hanging next to a Nazi flag. Our teacher, a very devout woman, stood up and told the class we wouldn’t pray or have religion anymore. Instead, we sang ‘Deutschland, Deutschland, Uber Alles,’ and had physical education.

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“Sunday became National Youth Day with compulsory attendance. Parents were not pleased about the sudden change in curriculum. They were told that if they did not send us, they would receive a stiff letter of warning the first time. The second time they would be fined the equivalent of $300, and the third time they would be subject to jail.”

And then things got worse.

“The first two hours consisted of political indoctrination. The rest of the day we had sports. As time went along, we loved it. Oh, we had so much fun and got our sports equipment free.”

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“We would go home and gleefully tell our parents about the wonderful time we had.”

“My mother was very unhappy,” remembers Kitty. “When the next term started, she took me out of public school and put me in a convent. I told her she couldn’t do that and she told me that someday when I grew Alle_zehnjaehrigen_zu_unsup, I would be grateful. There was a very good curriculum, but hardly any fun – no sports, and no political indoctrination.

“I hated it at first but felt I could tolerate it. Every once in a while, on holidays, I went home. I would go back to my old friends and ask what was going on and what they were doing.

“Their loose lifestyle was very alarming to me. They lived without religion. By that time, unwed mothers were glorified for having a baby for Hitler.

“It seemed strange to me that our society changed so suddenly. As time went along, I realized what a great deed my mother did so that I wasn’t exposed to that kind of humanistic philosophy.”

“In 1939, the war started, and a food bank was established. All food was rationed and could only be purchased using food stamps. At the same time, a full-employment law was passed which meant if you didn’t work, you didn’t get a ration card, and, if you didn’t have a card, you starved to death.”

“Women who stayed home to raise their families didn’t have any marketable skills and often had to take jobs more suited for men.”

US President Barack Obama attends a military briefing with US Ambassador to Afghanistan James Cunningham (L) at Bagram Air Field, north of Kabul, in Afghanistan, May 25, 2014. Photo: SAUL LOEB/AFP/Getty Images

“Soon after this, the draft was implemented.”

“It was compulsory for young people, male and female, to give one year to the labor corps,” remembers Kitty. “During the day, the girls worked on the farms, and at night they returned to their barracks for heller_5military training just like the boys.

“They were trained to be anti-aircraft gunners and participated in the signal corps. After the labor corps, they were not discharged but were used in the front lines.

“When I go back to Austria to visit my family and friends, most of these women are emotional cripples because they just were not equipped to handle the horrors of combat.

“Three months before I turned 18, I was severely injured in an air raid attack. I nearly had a leg amputated, so I was spared having to go into the labor corps and into military service.

“When the mothers had to go out into the work force, the government immediately established child care centers.

“You could take your children ages four weeks old to school age and leave them there around-the-clock, seven days a week, under the total care of the government.

“The state raised a whole generation of children. There were no motherly women to take care of the children, just people highly trained in child psychology. By this time, no one talked about equal rights. We knew we had been had.”

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“After Hitler, health care was socialized, free for everyone. Doctors were salaried by the government. The problem was, since it was free, the people were going to the doctors for everything.”

“Before Hitler, we had very good medical care. Many American doctors trained at the University of Vienna..

“After Hitler, health care was socialized, free for everyone. Doctors were salaried by the government. The problem was, since it was free, the people were going to the doctors for everything.

“When the good doctor arrived at his office at 8 a.m., 40 people were already waiting and, at the same time, the hospitals were full.

“If you needed elective surgery, you had to wait a year or two for your turn. There was no money for research as it was poured into socialized medicine. Research at the medical schools literally stopped, so the best doctors left Austria and emigrated to other countries.

“As for healthcare, our tax rates went up to 80 percent of our income. Newlyweds immediately received a $1,000 loan from the government to establish a household. We had big programs for families.

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“All day care and education were free. High schools were taken over by the government and college tuition was subsidized. Everyone was entitled to free handouts, such as food stamps, clothing, and housing.”

“We had another agency designed to monitor business. My brother-in-law owned a restaurant that had square tables.

AFP PHOTO / BRENDAN SMIALOWSKI / FILESBRENDAN SMIALOWSKI/AFP/Getty Images

“Government officials told him he had to replace them with round tables because people might bump themselves on the corners. Then they said he had to have additional bathroom facilities. It was just a small dairy business with a snack bar. He couldn’t meet all the demands.”

“Soon, he went out of business. If the government owned the large businesses and not many small ones existed, it could be in control.”

“We had consumer protection, too”

“We were told how to shop and what to buy. Free enterprise was essentially abolished. We had a planning agency specially designed for farmers. The agents would go to the farms, count the livestock, and then tell the farmers what to produce, and how to produce it.”

01 Adolf Hitler and Benito Mussolini during Hitler's 1938 state visit to Italy

“In 1944, I was a student teacher in a small village in the Alps. The villagers were surrounded by mountain passes which, in the winter, were closed off with snow, causing people to be isolated. Read the rest of this entry »


[VIDEO] ‘All We Have to Do is Complete Each Other’s Sentences’


Allapundit writes:

…a gun-grabbing “effort” distinguished by its lack of effort. At some point America’s creative class decided that celebrity PSAs should all operate the same way. The cast appears sequentially, usually standing against a uniform blank background, and instead of uttering a sentence or two they each say chunks of sentences that are stitched together to form a statement. You know how this goes. Instead of

Celeb one: I oppose gun violence.
Celeb two: So do I. America needs to change.
Celeb three: Call your congressman today.

You typically get

Celeb one: I
Celeb two: oppose
Celeb three: oppose
Celeb four: I oppose
Celeb five: gun violence
Celeb six: gun violence
Celeb seven: I oppose gun violence

They’ve got the basic shtick down here but all the details are wrong. There’s no broader statement. They’re just repeating a mantra over and over. There’s no uniform background, so there’s not even a pretense that these people have gathered to make their point…(read more)

Source: HotAir


Despite Obama’s ‘Equal Pay’ Rhetoric, White House Still Pays Female Staffers Less

President Barack Obama, holding a football, offers a fist-bump April 8, 2009, to senior staff member Pete Rouse, during a meeting with senior advisors in the Oval Office. Official White House Photo by Pete Souza

Women White House staffers still earn 15.8 percent less on average than their male counterparts, according to an analysis from the conservative American Enterprise Institute of the latest disclosure reports. But the 25 highest-earning aides are evenly split – with 13 men and 12 women each earning between $165,300 and $173,922 a year.

The real discrepancy is at the bottom, where the 100 staffers on the bottom rung – those earning between $41,000 and $47,631 – are 57 percent female to 43 percent male. Read the rest of this entry »


[VIDEO] Should You Need the Government’s Permission to Work?

A Case Study of How Regulation Harms Poor People

License to Work: A National Study of Burdens from Occupational Licensing is the first national study to measure how burdensome occupational licensing laws are for lower-income workers and aspiring entrepreneurs.

The report documents the license requirements for 102 low- and moderate-income occupations—such as barber, massage therapist and preschool teacher—across all 50 states and the District of Columbia. It finds that occupational licensing is not only widespread, but also overly burdensome and frequently irrational.

On average, these licenses force aspiring workers to spend nine months in education or training, pass one exam and pay more than $200 in fees. One third of the licenses take more than a year to earn. At least one exam is required for 79 of the occupations.

Barriers like these make it harder for people to find jobs and build new businesses that create jobs, particularly minorities, those of lesser means and those with less education.

License to Work recommends reducing or removing needless licensing barriers. The report’s rankings of states and occupations by severity of licensure burdens make it easy to compare laws and identify those most in need of reform.

A Case Study of How Regulation Harms Poor People

h/t International Liberty

 


Endangered: 40% of Journalists are Out of the Profession at End of 3rd year, 70% by Year 5

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Net Jobs Growth Since ’07 Have Gone to Immigrants

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“Native employment has still not returned to pre-recession levels, while immigrant employment already exceeds pre-recession levels.”

(read more at NRO) [more detailed report]

“Furthermore, even with recent job growth, the number of natives not in the labor force (neither working nor looking for work) continues to increase.”

National Review Online


White House Exposed: Nov 20, 2014

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Two Guys in an Elevator, Wrong Guy Loses Job

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Headline of the Day: Tattoos Okay!

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Labor, Wealth, and Income Redistribution: Barack Obama vs. Abraham Lincoln

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Cartoon of the Day

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Campbell Soup Shutting Down Oldest Soup Plant in Country; 700 Employees Canned

The Campbell Soup plant in Sacramento is closing as of July 2013 as the company says it is taking steps to “improve supply chain productivity,” according to a company release.

Employees were told of the closure during a 6 a.m. meeting Thursday at the plant.

“We employ about 700 people at the Sacramento plant and unfortunately those jobs will be eliminated,” said Campbell Soup Company spokesperson Anthony Sanzio. “This is a tough day for the company, for the employees. No one likes to do this.”

The company says the Sacramento plant, built in 1947, is the oldest in its network and has the highest production costs on a per-case basis.

Many of the employees at the plant have worked there their entire lives, and several told CBS13 they had no idea what they’d do next.

“This is devastating, really devastating,” worker Valerie Starr said. “A lot of us have been working here for years and we’re at that age where it’s hard to find other jobs…”

More via >>  CBS Sacramento