As the inexorable advance of automation kills jobs from retail to manufacturing to data entry while wages in the US show only marginal signs of improvement, the Labor Department's latest biennial employment projections have revealed the fastest and slowest-growing fields in the US.
In the first of what Mike Pence called "several very important announcements," Politico reports that former Labor Secretary Elaine Chao is set to be announced later Tuesday as President-elect Donald Trump’s choice to lead the Department of Transportation.
The other contender for the position was former Democratic U.S. Representative from Tennessee Harold Ford.
As Politico adds:
Ever a big fan of unilateral "rule changes," back in May of this year Obama and the Department of Labor implemented a new overtime regulation that was set to take effect on December 1st. The rule change called for increasing the minimum salary threshold at which employers would have been required to pay overtime to workers from $23,660 to $47,476, or a mere 101%. The rule would have required employers to pay time-and-a-half to salaried workers making less than $47,476 per year for any time worked in excess of 40 hours per week. According to the Wall Street Journal, the new regula
One of the core aspects of mainstream financial media in general, and outlets like CNBC in particular, more so even than their chronic permabullish bias, is the seemingly endless gallery of "experts", "pundits", and other talking heads whose only requirement is wearing a business suit (in some very notable exemptions) who show up on TV, offer trade advice and recommendations - while either pitching their own trading services or hoping to offload their own existing positions - and if (or rather when) said advice leads to material losses are not heard from again until a certain period of tim