Archive

The Skills Shortage

Currently, U.S. jobs data suggests that overall unemployment is relatively low, underemployment remains an issue, labor force participation is relatively low and there appears to be a significant skills mismatch, which is likely to get worse. Anecdotal evidence suggests that millions of jobs stand empty because employers are unable to fill jobs that are in […]

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What Happened to Bitcoin?

According to Wikipedia, bitcoin is both a cryptocurrency and an electronic payment system invented by an unidentified programmer, or group of programmers, under the name of Satoshi Nakamoto.  Bitcoin was introduced in October 2008 to a cryptography mailing list, and released as open-sourced software in 2009.  The system is peer-to-peer, allowing users to transact with […]

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New Job Multiplication

It is generally accepted by economists that for every new job, some additional jobs are a natural consequence.  However, not all new jobs are created equal. The oil industry has been advertising that every new energy job creates two more positions in the economy. Volvo Car Group’s new factory near Charleston SC, may do much […]

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PAYGO

PAYGO (Pay As You Go) is a Federal budget rule requiring that new legislation, affecting revenues and spending on entitlement programs, taken as a whole, does not increase budget deficits.  That sounds constructive but, as we all know, the Federal budget continues to reflect deficit spending and the national debt continues to increase. Endless deficit […]

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Affordable Housing?

Trulia, an online residential real estate site for home buyers, sellers, renters and real estate professionals, has recently provided data suggesting that rising housing prices are putting America’s largest metropolitan areas out of reach for teachers and first responders.  Trulia’s study defines affordability as a household spending 31% of its monthly income on housing, assuming […]

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“Take This Job and Shove It”

This is the title of a 1977 country music song written by David Allan Coe and popularized by Johnny Paycheck. In January 2017, the number of people quitting their jobs rose to a seasonally-adjusted total of 3.22 million, the highest number since February 2001. The new high in job quitters comes following a number of […]

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