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Our Nation is Baking in the Heat and So Is Our Economy

tempmap62912We've been so busy with bail outs, unemployment, corruption and the destruction of the middle class, we as a nation seem to have put global warming on the back burner. With the country baking, temperatures so high assuredly there will be deaths, let's revisit the economic impact of climate change. Below is NASA's witness global warming in 26 seconds video.

 

Automated Job Rejection

rejectedFinally someone speaks the truth about U.S. employers claiming they just can't find people for job openings. Wharton Business School Professor Peter Cappelli has analyzed why employers dare to claim they cannot find people to hire when the United States has over 27 million people needing a job.

There is no skills shortage, none. In fact employers are being absolutely ridiculous in their hiring practices. It's so bad, employers use software and third party rejection job application websites, which pretty much guarantee a candidate will be rejected. These websites and software are like virtual wastebaskets for your resume. No human involved, it's automatic, guaranteed rejection. It's so bad, an HR executive applied for his own job and was rejected.

A Philadelphia-area human-resources executive told Mr. Cappelli that he applied anonymously for a job in his own company as an experiment. He didn't make it through the screening process.

Friday Movie Night - LBJ

hot buttered popcorn It's Friday Night! Party Time!   Time to relax, put your feet up on the couch, lay back, and watch some detailed videos on economic policy!

 

Tonight's film is the PBS American Experience biography on President Lyndon B. Johnson. Mostly remembered for the Vietnam War, LBJ was also responsible for a host of economic related programs. LBJ is probably one of the last New Deal Democrats and this is the definitive biography on his Presidency and life.

 

 

Friday Movie Night

hot buttered popcorn

It's Friday Night! Party Time!

Time to relax, put your feet up on the couch, lay back, and watch some detailed videos on economic policy!

This week, I found some original reports on worker displacement through insourcing from the 2003-2004 time frame. Insourcing is when corporations bring over cheaper labor via guest worker Visas and displace US workers. In other words, the jobs exist, US workers are simply swapped out for cheaper counter parts. I think to believe it, and get your head around this practice, you just plain have to see it.

This story rarely gets out but when you see the real people this is happening to, it makes the unbelievable real. It is real.