Dismal news about the American "jobless recovery" in yesterday's NYT. I've always thought the phrase "jobless recovery" illustrates the perfectly idiotic cognitive dissonance at play in financial thinking. If the thing you use to measure the health of your economy has gone up, but no one has a job, then surely you are measuring the wrong thing to gauge the health of your nation.
The outlook this time is not so clear. Starved for jobs at adequate pay, the millennials tend to seek refuge in college and in the military and to put off marriage and child-bearing. Those who are working often stay with the jobs they have rather than jump to better paying but less secure ones, as young people seeking advancement normally do. And they are increasingly willing to forgo raises, or to settle for small ones.
"They are definitely more risk-averse," said Lisa B. Kahn, an economist at the Yale School of Management, "and more likely to fall behind."
In a recent study, she found that those who graduated from college during the severe early '80s recession earned up to 30 percent less in their first three years than new graduates who landed their first jobs in a strong economy. Even 15 years later, their annual pay was 8 to 10 percent less.
June’s Decentralized Web Summit at San Francisco’s Internet Archive was a ground-breaking, three-day combination of workshops, lectures, demos and a hackathon, all aimed at figuring out how to restore the decentralized character of the early internet — and keep it that way.
Maciej Cegłowski (previously) keynoted the Society for the Advancement of Socio-Economics conference with a characteristically brilliant speech about the “moral economy of tech” — that is, the way that treating social problems like software problems allows techies to absolve themselves of the moral consequences of their actions and the harms that result.
Folks used to rely on alarms to protect their home – and before that, the family dog. Now, anyone looking to guard their homes can choose from some high-tech options, including the Amaryllo iCamPRO FHD Home Security Camera (now just $219 in the Boing Boing Store).In fact, this 2015 CES “Best of Innovation” award-winner boasts so many features, it’s […]
If you want a quality vaping experience, it’s usually going to cost you. Vaporizers that deliver a fast, controlled burn will set you back up to $300, which is why the FEZ Vaporizer (now just $99) is an absolute steal.The FEZ dry herb pen does everything that more expensive models handle at a reduced price. It heats up […]
Taking pictures can be challenging. There are a million factors that can influence each shot you take – and unless you’re a trained photographer, you often just focus, click…and cross your fingers.Of course, you can take some of the ambiguity out of your picture-taking with this Hollywood Art Institute Photography Course & Certification package, now […]