Recent Economic News
As we exit summer and head into fall, it is easy to be fooled that we have things moving back to a bit of normality. Children are starting school, family schedules are filled with sporting events and youth activities and we are getting back to our normal routines. However, in quiet corners and hushed tones…
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White Paper presented at CEF, Beaver Creek, CO, 2021 One of my favorite historical videos is a clip of the Today Show from 1994 where Katie Couric and Bryon Gumble are asking, “What is Internet? Do you write to it like mail?” It was an honest discussion in the moment, but 27 years later,…
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A long time ago in a galaxy far, far away….pan the Star Wars quintessential song. Episode 2020. A rebel force awakens. It is a period of civil unrest. As rebel forces are pushed apart by the dreaded COVID19 pandemic, some tech empires gain power while others spread fear and false news, hurting and enslaving the…
Read More(Photo Credit: Reuters) It was a tech guy who was one of the first to raise the alarm about tech—specifically, about its impact on workers. In his January 2012 piece, “Race Against the Machine,”1 Erik Brynjolffson, director of the MIT Center for Digital Business, along with his associate director, Andrew McAfee, wrote that the labor…
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It’s been a crazy year. As the last days of 2016 have taken fan-favorite stars like Carrie Fisher, Debbie Reynolds, and George Michael, Facebook and Twitter have been ablaze with people sharing their displeasure that 2016 seems to be adding insult to injury in its waning moments before it exits into the history books. “You…
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I recently wrote an essay for Relevant Magazine. Due to its length it was shortened (you can read the shorter Relevant Magazine version here.) For those who would like to read the full version I have posted it below. This is an important economic issue that will impact each of us and everyone we know.…
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Too many graduates will exchange their Cap and Gown after graduation for a ball and chain, debt that will follow them around like the proverbial weights hung on Jacob Marley in Charles Dickens “A Christmas Carole.” Today, about seven in 10 college graduates leave school with debt, averaging $30,000. But it is the other three…
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There is no doubt about it, the Great Recession of 2008 changed things forever. In 2013 77% of all jobs created in the United States were part-time. In 2014 48% of all graduating college students were still unemployed six months after graduation. We are living in a new part-time or “freelancer” economy. To thrive and…
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I was recently asked during a radio interview what employers could do to show greater loyalty to employees and to build a culture of long-term employment and commitment from their staff. In this part-time economy that is growing at a rapid rate since the Great Recession of 2008 many media outlets think it is people…
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A staggering 40% of all unemployed are millennials highlighted recent U.S. census data. The slowly improving jobs numbers which are tweaked in many different ways to appear better than they really are hide massive structural issues beneath the surface of this economy. The unemployment numbers may say 6.1% according to the latest numbers but the…
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