Last week, Goldman Sachs pointed out a very disturbing trend in the US labor market: where the participation rate for women in the prime age group of 25-54 have seen a dramatic rebound in the past 2 years, such a move has been completeloy missing when it comes to their peer male workers.
Authored by Simon Black via SovereignMan.com,
By January 1920, much of Europe was in total chaos following the end of the first World War.
Unemployment soared and steep inflation was setting in across Spain, Italy, Germany, etc.
But an Italian-American businessman who was living in Boston noticed a unique opportunity amid all of that devastation.
He realized that he could buy pre-paid international postage coupons in Europe at dirt-cheap prices, and then resell them in the United States at a hefty profit.
This certainly doesn’t bode well for Uber’s prospects in the UK, it’s largest European market.
The ride-share giant suffered its latest serious setback, when its appeal of an unfavorable employment tribunal ruling was thrown out on Friday, increasing the possibility that Uber might be forced to pay its drivers in holiday pay and the minimum wage, expenses that Uber says would require it to make major changes in its business model.
The writing was on the wall two weeks ago when retail employment tumbled along with CBI-reported retail sales, but tonight's BDO High Street Sales Tracker should be the icing on the cake for any looming rate hike as like-for-like sales crashed 5.2% - describe by BDO as "the most horrific" October on record.
It was the worst month since right before Brexit in April 2016.
European elites are hoarding cash, the Japanese are stuffing safes full of high-denomination bills, the saudis are scrambling, and judging from the following chart, the richest Americans are getting increasingly concerned about the safety of their wealth...
For a decade, Security & Armored Car Services workers in the US have earned around $14 to $15 per hour.
But all that changed as President Trump was elected...
Demand for security services has soared driving wages up a stunning 24% YoY!