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Why It’s the Perfect Time to Raise the Federal Minimum Wage

July 24, 2017 ·  · Topic: Economic Mobility  · Relevance: not sure


It’s been eight years since the federal minimum wage was last raised on July 24, 2009. At the time, the United States was in the depths of the Great Recession, and the major concern for policymakers wasn’t wages but an unemployment rate heading towards 10%.

Over the past eight years, the economy has rebounded with the longest streak of job growth in history. Yet millions of people continue to work for the federal minimum of $7.25 an hour — without a pay raise in sight.

Leadership on the minimum wage won’t come from the White House, given Donald Trump’s conflicting statements […]

Honest financing as a path to economic mobility and social justice

July 24, 2017 ·  · Topic: Economic Mobility  · Relevance: not sure


Societal health can be assessed by a handful of factors: economic mobility (is the current generation earning more than their parents did?), upward mobility (the rate of which an individual can improve their own socioeconomic status), productivity (how efficiently one can earn income) and lastly, whether they have sufficient access to the resources and tools required to advance one’s position.

The last element, accessibility, is arguably one of the most important factors in a healthy society.

When an individual does not have access to the tools and/or resources necessary for their personal advancement, they’re left with two possible outcomes; they can […]

Indigenous rock shelter in Top End pushes Australia’s human history back to 65,000 years

July 24, 2017 ·  · Topic: BP Settlement  · Relevance: bad

Stone tool from Madjedbebe rock shelter

The archaeologists uncovered thousands of artefacts. (Photo: Supplied) New excavations of a rock shelter near Kakadu National Park indicate humans reached Australia at least 65,000 years ago — up to 18,000 years earlier than archaeologists previously thought. Date of site near Kakadu has been debated for nearly 30 years

Prior to this study many archaeologists believed humans arrived in Australia between 47,000 – 50,000 years ago

Excavation found a wealth of artefacts including ground-edge axes, grindstones, flints and ochre as well as evidence of fireplaces right through the site Many scientists already accepted that the shelter, called Madjedbebe, was […]

Trade deals and inequality

July 24, 2017 ·  · Topic: Economic Mobility  · Relevance: bad


To respond to inequality, as well as the perceptions that the economy is “rigged” and deals like NAFTA are to blame, trade must become more inclusive.

The past year featured plenty of drama in international trade. Major developments included Brexit; obstacles to the secure passage of the Canada-EU trade deal; the US withdrawal from the Trans-Pacific Partnership (TPP); and the impending renegotiation of NAFTA.

In some ways, the heightened political and public scrutiny of trade is a welcome development. It shines a light on important policy issues, such as who determines trade rules, who benefits from them, and whether […]

Failed Welfare State an Opportunity for Conservatives, ‘Hillbilly’ Writer Argues

July 24, 2017 ·  · Topic: Economic Mobility  · Relevance: not sure


Liberals built a welfare state that doesn’t offer upward mobility to Americans trapped in poverty, “Hillbilly Elegy” author J.D. Vance says, and conservatives should step forward and chart “a new direction” in government policy.

The best-selling writer, speaking Thursday at The Heritage Foundation for the think tank’s release of its 2017 Index of Culture and Opportunity , said conservatives who better understand “broken homes and broken neighborhoods” will reach solutions that get better results.

“We know that we have a crisis of opportunity in the country,” Vance said.Importantly, he said, Heritage’s index charting societal trends recognizes that the cultural disadvantage of […]

Building American Talent

July 23, 2017 ·  · Topic: Economic Mobility  · Relevance: not sure


How can we prepare needed talent to fuel economic growth and social mobility? With the workplace rapidly changing with advances in artificial intelligence, do we even know enough about future jobs to prepare young people with the right skills and capacities? Are our education systems prepared in light of rapid demographic shifts? Leaders in industry and academia have some ideas.
How can we prepare needed talent to fuel economic growth and social mobility? With the workplace rapidly changing with advances in artificial intelligence, do we even know enough about future jobs to prepare young people with the right […]

Seven years later: BP oil spill settlement funding new way to manage fish populations

July 21, 2017 ·  · Topic: BP Settlement  · Relevance: not sure

IMAGE

Credit: University of South Florida photographer Ryan Noone ST. PETERSBURG, FL (April 19, 2017)- More than 30,000 fish species exist. But it’s always been a guessing game on where they originate. A new technique developed by researchers at the University of South Florida College of Marine Science is paving the way in discovering where a wide-range of species spawn. It’s a difficult task as 95% of fish in the world release their eggs into the water and drift away.

Marine biologists are gathering samples of hundreds of free-floating fish eggs in the Gulf of Mexico. They then extract DNA from […]

In defence of the gold digger and the fight for class, economic and gender equality

July 21, 2017 ·  · Topic: Economic Mobility  · Relevance: not sure


By Sabrina Maddeaux

She take my money when I’m in need
Yea she’s a triflin friend indeed
Oh she’s a gold digger way over town That digs on me — Kanye WestIt’s a tale as old as time: young, beautiful woman meets wealthy, older man.While the couple insist their love is genuine – “the real deal,” they assure any who will listen – it’s impossible to escape the expressive glances and whispered accusations that suggest something more sinister is at play; that the woman in this scenario has her sights set on more than mere romance.For many, such a […]

Forget blue collar, it’s about ‘new collar’

July 21, 2017 ·  · Topic: Economic Mobility  · Relevance: bad

Biggest job gains were in these sectors ...

Biggest job gains were in these sectors … 01:31 Peter J. Taylor is president and chief executive officer of Zenith Education Group, a nonprofit vocational education organization that offers programs in the allied health, automotive and construction trades. Zenith was launched in February 2015 when its parent company, ECMC Group, took over a subset of schools from the now-defunct Corinthian Colleges chain, transitioning them to nonprofit status. Prior to joining ECMC Group, Taylor was chief financial officer of the University of California system. The opinions expressed in this commentary are his.

(CNN)While overall business optimism remains high, leaders of companies […]

The Incoherent Nature of Nancy MacLean’s Narrative

July 21, 2017 ·  · Topic: Economic Mobility  · Relevance: not sure


Nancy MacLean is a professor of history at Duke University and she has written a book titled, Democracy in Chains: The Deep History of the Radical Right’s Stealth Plan for America . The book purports to be about a “stealth” plan of how to overthrow democracy of the United States and the grand master of this diabolical plan was none other than the Nobel Prize winning economic James McGill Buchanan, one of the founders of the Public Choice theory subfield of economics.

In her book MacLean makes a number of extraordinary claims. The one that will not surprise many is […]