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A tight labor market is a terrible thing to waste

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

Career Planning Concept. Businessman Facing Problems On Career Planning

The question of who gets to share in our city’s prosperity is the pressing question of our time. While Boston is enjoying a remarkable resurgence from the Great Recession, it is clear that this prosperity has not been widely shared. By one estimate, we have the highest rate of income inequality in America.

In the face of this challenge, we must make smart investments in programs that connect our residents to the labor force. This is not just a social justice issue, it’s also an economic imperative.

At 3.5 percent, our unemployment rate is among the lowest of any large metro […]

Bank Negara: Jobless youths on the rise and many are young grads

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


KUALA LUMPUR (March 23): Youths unemployment has been on the rise in the country as growth in hiring slowed since late 2014, and was estimated to have reached 10.7% in 2015, over three times the national unemployment rate of 3.1%, according to Bank Negara Malaysia (BNM).

And among these jobless youths, young graduates make up a relatively larger share of unemployed youths, at 23%, said BNM.

“In 2015, youth unemployment rate increased by 1.2 percentage points from an estimated 9.5% to 10.7%, while the national unemployment rate increased by only 0.2 percentage points (2.9% to 3.1%) during the same period,” said […]

Minimum wage increase bill draws cold response at hearing

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

Colin Bonini DOVER — A bill to raise the minimum wage by $2 in 50-cent annual increments met an unfavorable public response Wednesday in a hearing before the Senate Labor Committee

At the end of the discussion, Sen. Colin Bonini, R-Dover, motioned to table the bill, but lost the committee vote 3-2 among the committee.

The bill was moved out of committee and released to the Senate floor.The current minimum wage in Delaware is $8.25. The bill would hike it to $10.25 by 2020.The legislation calls for increasing the minimum wage by 50 cents per year beginning this year. After 2020, […]

Toyota reveals important clues about the future of driving

March 22, 2017 ·  · Topic: Economic Mobility  · Relevance: bad

toyota tril concept teaser

Toyota While most automakers are pumping out SUVs, Toyota is looking to go smaller.

The Japanese automaker unveiled its i-TRIL concept car at the Geneva Motor Show that ran March 9-19. The futuristic two-seater is meant to showcase a "viable alternative" to traditional segment cars for people who typically drive in urban environments, Toyota said at the time.

Toyota doesn’t have any current plans to produce a version of the i-TRIL, but the concept shows how it’s researching different transport options for city dwellers. Scroll down for a closer look: Toyota’s i-TRIL concept is a compact electric car that seats two. […]

Texas Has Big Potential To Get “Smart,” But Time Is of the Essence

March 22, 2017 ·  · Topic: Economic Mobility  · Relevance: bad


In addition to the cities themselves, research institutions, civic organizations and the private sector are vital components to incorporating best practices and an aligned approach. Cities across Texas have seen early success in these endeavors.

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The following is a guest blog post by Jennifer Sanders, executive director of the Dallas Innovation Alliance, which is hosting the Smart Texas Revolution conference April 20-21. Over the past year, discussion around smart cities — the incorporation of technology, Internet-of-Things sensors and data analytics as an enabler to improving city services and quality of life — has permeated organizations across the United […]

Catalyzing Economic Success for Every Citizen

March 22, 2017 ·  · Topic: Economic Mobility  · Relevance: bad


SPONSORED

The Brookings Institution Deputy Director, Alan Berube, delves into how city leaders can combat the fractious effect of inequality for long-term sustainable economic growth. Learn the 3 key areas you should focus on.

Realizing inclusive growth in our cities How a focus on inclusion can build stronger communities and drive long-term economic health The United States suffers from a large gap in income equity. In fact, the income of the top 10 percent is nearly nine times that of the bottom 90 percent. And while 95 of the 100 largest U.S. metropolitan areas grew economically […]

The Future of Work is Collective

March 22, 2017 ·  · Topic: Economic Mobility  · Relevance: bad


On a recent rainy Brooklyn morning, the New York City Council member Antonio Reynoso met with stakeholders for a strategic meeting on how to make worker cooperatives a larger part of the New York economy. The meeting room brimmed with enthusiasm as members of the NYC Network of Worker Cooperatives and Boris Santos of Reynoso’s office laid out the strategy for future cooperative development in New York City – the country’s first city to allocate a portion of its budget to cooperative development .

Cooperatives are collectively managed enterprises; an organizational model where proceeds from the business are distributed directly […]

Art Basel Report Suggests Growing Inequality Is Endangering the Art Market

March 22, 2017 ·  · Topic: Economic Mobility  · Relevance: not sure


Installation view of Arario Gallery’s booth at Art Basel in Hong Kong, 2017. Courtesy of Art Basel.

Widening wealth inequality has been and likely will be blamed for a number of pernicious phenomena, such as rising populism, the election of a few unsavory characters, and decreased social mobility. Inequality can also have its potential upsides. It can encourage risk-taking, boost spending on luxury items, and spur innovation.

What does widening inequality mean for the art market? That’s a central focus of The Art Market | 2017 , a report by longtime arts economist and founder of Arts Economics Clare […]

Cadillac tests consumers’ openness to vehicles-as-a-service

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

Self Driving Cars Forecast

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Self-driving technologies, coupled with the advent of ride-hailing services like Uber and Lyft, could lead to lower consumer vehicle ownership.

To explore consumers’ openness to alternatives to the traditional car-ownership model, Cadillac has launched a subscription plan for Cadillac vehicles, according to the Wall Street Journal . Dubbed “Book by Cadillac," the plan could impact both automakers and businesses in a number of industries.The $1,500-a-month service enables members to trade in and out of 10 Cadillac models up to 18 times […]

Tackling Charlotte’s Economic Mobility Challenge – One P.I.E.C.E. at a Time 3-21-17

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


When I started working for the City of Charlotte in May 2016, I immediately became excited about the opportunity to connect my economic and talent development experiences by working in both areas simultaneously. The challenge before the City, then and now, is the struggle to translate rampant economic growth in so many of the City’s major job centers to economic development community-wide.

The results of a 2015 study showed Charlotte dead last, 50th out of 50 cities, in terms of economic mobility opportunities for its residents. The challenge was clear – how would we make sure the community knew that […]