Labor

James Damore gained instant fame earlier this month when he was fired for "un-Googly conduct" after publishing a paper on an employee chat board suggesting that men may be better equipped biologically for engineering jobs than women.  Apparently science is embraced by the Left when discussing climate change but not so much when it's used to suggest that anatomy might just be coded in a person's DNA rather than being a personal choice that each millennial can make, and change, on a whim.

While statistics are somewhat sketchy on the topic, most research suggests that the average retirement-age household has managed to set aside roughly $200,000-$250,000 for their golden years.  Unfortunately, they'll need more than that just to cover their healthcare costs.  Per Bloomberg notes today, the average 65-year-old couple will need roughly $275,000 to cover their healthcare costs during retirement...and that's with Medicare.

Content originally published at iBankCoin.com

According to Dallas Fed's Kaplan, America has an over abundance of jobs and needs to attract wanton amount of migrants in order to fill the insatiable demand for cheap labor, aka 'skills gap.'

While on one hand, Kaplan ceded to the notion that globalization was a primary reason for price deflation and stagnant growth, he also blamed America's aging demographics for lackluster growth.

As if defined benefit pensions funds weren't fun enough for corporate shareholders, the Pension Benefit Guarantee Corporation (PBGC), the federal entity that backstops pension obligations when companies default, has enacted massive increases in insurance premiums for operating such plans over the past 5 years. 

Authored by Nick Giambruno via InternationalMan.com,

Politicians are always generous with other people’s money… until it runs out.

Near the peak of the late-’90s tech bubble, California’s legislature passed the largest pension increase in its history.

Today, with as much as $750 billion in unfunded public pension debt, California has one of the worst pension situations in the country. But it’s far from alone.