High school and college graduates are still being hobbled by years of weak economic growth and an extremely tight job market, and that difficult start in the job market could impact the class of 2013 for years to come, a new analysis finds.
“Graduating in a bad economy has long-lasting economic consequences,” said Heidi Shierholz, economist with the Economic Policy Institute, which prepared the report on young workers released Wednesday.
The liberal-leaning think tank looked at high school graduates between ages 17 and 20 who aren’t enrolled in further schooling, as well as college graduates between ages 21 and 24 who have a bachelor’s degree and aren’t seeking further education.
NBCNews.com
April 11, 2013
Other economists doubt that a skills mismatch is playing a significant role. Elise Gould, an economist at the liberal Economic Policy Institute, says there are more unemployed people than jobs in nearly every industry. That suggests that a broad slowdown in the economy is to blame for still-high unemployment, rather than a shortage of qualified workers in certain industries.
Associated Press
April 11, 2013
The Washington Post
April 5, 2013
Wall Street Journal
April 5, 2013
The Washington Post
April 5, 2013
The New York Times
April 5, 2013
The NOW panel discusses the late night voting in the Senate on their first budget plan in four years and the wee hour amendments that got added in.
Now with Alex Wagner
March 29, 2013
In 1995, Princeton economist Paul Krugman developed a simple model to estimate how globalization was affecting the wages of low-skilled workers in the United States. He found there wasn’t much effect at all. Eighteen years later, an economist at the Economic Policy Institute has re-run the numbers with updated data and has come to a strikingly different conclusion.
The Washington Post
March 26, 2013
Income inequality in the U.S. has skyrocketed over the past few decades, and this study suggests that this recent increase is not going away soon. The incomes of the top 1 percent of households by income spiked 241 percent between 1979 and 2007, while the incomes of the middle fifth grew just 19 percent, when adjusted for inflation, according to the Economic Policy Institute. The U.S. has more income inequality than most advanced countries.
The Huffington Post
March 26, 2013