Jobs and economy (page 402)

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    Don’t like income inequality? Walter Williams says, ‘Blame consumers’

    Walter Williams‘ latest column delves into little-appreciated facts surrounding income inequality in the United States: How did [J.K.] Rowling become so wealthy and unequal to the rest of us? The entire blame for this social injustice lies at the feet of the world’s children…
    Mitch Kokai, November 29, 2011
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    Another sign that college is oversold?

    The latest Newsweek features an article headlined “The Great American Internship Swindle,” which documents the growing trend of college students paying to provide free labor for employers. (Not directly, mind you. The students pay for the credit hours assigned to their free labor in unpaid internships.) Regardless of…
    Mitch Kokai, November 28, 2011
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    This weekend on Carolina Journal Radio

    Would North Carolina taxpayers get more bang for their bucks if state agency budgets were tied more closely to good performance measures? State Auditor Beth Wood thinks so. You’ll hear highlights from her recent legislative presentation on the topic during the next edition of Carolina Journal Radio. Former…
    Mitch Kokai, November 25, 2011
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    Reporter’s metaphor highlights economic confusion

    According to this morning’s News & Observer (from AP), the combination of increased taxes and expiring unemployment benefits will “suck $165 billion out of the economy next year.” I can see the vacuum cleaner right now, sucking that money into non-existence. Just where it goes outside of the…
    Fergus Hodgson, November 23, 2011
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    Confessions of an exploited child laborer

    The headline is sarcasm, by the way. For those unfamiliar with my story, I grew up on a sheep and cattle farm in New Zealand—and yes, my parents had all of their six children work alongside them from as young as we can remember. For some jobs, they…
    Fergus Hodgson, November 23, 2011
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    State employment agency cribbing from Carrington?

    The state Department Division of Employment Security (formerly known as the Employment Security Commission) released its employment report (PDF) for October earlier today. Of interest: in seasonally adjusted terms, government employment in North Carolina increased by 4,800 from September to October. (Government employment not seasonally adjusted — in other…
    Rick Henderson, November 22, 2011
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    Historian Ferguson explains why Americans should pay attention to the European fiasco

    Historian Niall Ferguson‘s latest Newsweek column offers several reasons why Americans can’t afford (no pun intended) to ignore the financial problems plaguing the Old World: [T]he third reason Americans should care about Europe is more important even than the risk of a renewed financial…
    Mitch Kokai, November 22, 2011
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    Williams points out the folly of demonizing the rich

    Walter Williams‘ latest column explains why the president’s efforts to engage in class warfare are — to put it mildly — counterproductive. President Obama, in stoking up class warfare, said, “I do think at a certain point you’ve made enough money.” This is lunacy.
    Mitch Kokai, November 22, 2011