Post Tagged with: "wages"
Has banks’ bonus culture really changed?
We’re more than 3 years out from a crisis caused in part by these very same decision-making processes on compensation. So why is it that we don’t fully understand them yet
Fear Factory: Jon Stewart on Foxconn
This is grim. Bill Black has the analysis; he thinks this is a criminogenic environment of control frauds
Chart of the Day: Greek workers work 48% more hours than Germans
While many will be initially surprised by the data, on reflection it makes intuitive sense. In crude terms, wealthier countries typically work smarter–more capital intensively–than poor countries, not longer
Unemployment Insurance for the 21st Century: The Job Guarantee as an Alternative to Enforced Idleness
A new universal direct job creation program would improve working conditions in the private sector as employees would have the option of moving into the JG program. Hence, private sector employers would have to offer a wage and benefit package and working conditions at least as good as those offered by the JG program. The informal sector would shrink as workers become integrated into formal employment, gaining access to protection provided by labor laws
Nonlinear Thinking: The Robot Farmer
In the ongoing series of posts on technology’s threat to existing labor roles, Global Macro Monitor highlights this video on robot farmers
Chart of the Day: International Manufacturing Compensation Costs Compared
Great data from the BLS comparing hourly compensation for manufacturing. The second chart looks at the benefits component of the hourly cost
Chart of the Day: U.S. Real Earnings through November 2011
Only three positive months in the last year. Lots of pain out there. Be charitable this holiday season, our friends. The return is tremendous
Foreign news: Is Amazon employing unemployed in Germany without compensation?
Foreign news links for 27 November 2011. We have a variety of links here today with most focused on the European sovereign debt crisis. Protest and terrorism are two other topics of great interest
Chart of the day: Hours of work needed to buy an ounce of gold
Central banks have done a great job at driving up the price of gold but a horrible job at creating wage inflation. If it now takes 88 hours to buy an ounce of gold versus 20 hours in 2000, hasn’t that grossly deflated real wages in a strict monetary sense? Just askin’
Chart of the day: Hours of work needed to buy the S&P500
Here is an interesting take on the valuation of the S&P500 by our friends over at The Chart Store, who do excellent work. Their chart shows that it now takes 69.23 hours at the average hourly wage of $19.53 to buy the S&
Class Warfare and Revolution (Circa 1850)
By Rick Bookstaber In a recent post I discuss six policies that spurred the Industrial Revolution in England – opening up immigration, weakening the guilds, investing in infrastructure, privatizing agricultural land, forcing a move to new energy sources, and policies for bringing capital to the new, capital-intensive technologies – and suggest that these policies have
Nonlinear Thinking: Robot Run Warehouses
Here’s an interesting video clip that reinforces our view that almost all new innovation and technology is labor saving/destroying and that U.S. unemployment is much more structural than most perceive (click here to view video). Even the military, with the advent of drones and robots, is moving to a smaller “boots on the ground” force