Anyone who has a basic understanding of elementary-level arithmetic and some common sense can easily explain why raising the minimum wage is bad for employment levels. In a nutshell, higher labor costs simply improve the payback profile of capital investments in technology thus accelerating job losses.
Authored by Simon Black via SovereignMan.com,
There may perhaps be no other group of investors that’s more DESPERATE today than pension funds.
Pensions, of course, are the giant funds responsible for paying out retirement benefits to workers.
The idea is that both the employer and the employee typically contribute a set percentage of the employee’s salary throughout his or her career with the promise that, upon retirement, he or she will receive a fixed monthly payment.
With the recent leak of the “Google Manifesto” and the maelstrom of media backlash that followed, Visual Capitalist's Jeff Desjardins notes that it seems that concerns around diversity in the technology industry have finally reached a boiling point.
Today’s infographic from Information is Beautiful breaks down the demographics of 23 major tech companies, based on statistics from 2016. It also provides comparisons to the composition of the U.S. population in general, the top 50 U.S. companies, Congress, and Fortune 500 CEOs.
Well, on the bright side, it took him around 12 hours to respond to last night's resignations...
For every CEO that drops out of the Manufacturing Council, I have many to take their place. Grandstanders should not have gone on. JOBS!
— Donald J. Trump (@realDonaldTrump) August 15, 2017
The remaining CEOs on Trump's council had the following to say (via Business Insider)
Authored by Charles Hugh Smith via OfTwoMinds blog,
If we stop counting zombies, we're already in recession.
How shocked would you be if it was announced that the U.S. had just entered a recession, that is, a period in which gross domestic product (GDP) declines (when adjusted for inflation) for two or more quarters?