Archive for the ‘Labor market economics’ Category

Where are all the women in economics?   Leave a comment

Clara Starrsjö is a second-year economics student at Cambridge University.Link: https://www.marketplace.org/2017/10/10/world/where-are-all-women-economics

Summary: Economics is a young and growing field. Although, it has one of the lowest portion of women in its academic ranks. Similarly, to the business world, the lack of women in economics has large consequences on our understanding of the world. Marketplace stresses that this leads to the lack of diversity, fresh ideas, and discussion which means our economic understanding of the world is only half-baked.

Original Air Date: October 10, 2017

Length: 2 minutes 44 seconds

Melinda Gates on balancing the burden of unpaid work   Leave a comment

melindaLink: http://www.marketplace.org/2016/03/21/world/melinda-gates

Summary: Work around the house and for the family is unpaid work  and mostly done by women. This reduces their labor force participation and ultimately hurts the GDP of a country. Melinda Gates suggests reducing the work through innovation for the developing countries and redistributing the work amongst partners for developed countries. Higher levels of equity between the sexes will contribute to a stronger social fabric and economy.

Original Air Date: March 23, 2016

Length: 8 minutes and 29 seconds

Cost of military transgender care in the spotlight   Leave a comment

39-year-old transgender veteran Ashley Register stands outside her Dover, Delaware home.  Link: https://www.marketplace.org/2017/10/10/health-care/cost-military-transgender-care-in-spotlight

Summary: In light of the cost of transgender health care, President Trump has advised the Department of Defense to eliminate transition-related care for veterans and active duty transgender troops due to potential high costs that the U.S. can face. Though, in this podcast, one argues that the actual expenses will come from firing perfectly competent transgender troops and training future armed forces. Morality, gender issues, and politics are factors that clash together in this podcast.

Original Air Date: October 10, 2017

Length: 2 minutes 35 seconds

When it comes to immigration, family ties may no longer bind   Leave a comment

Screenshot-2017-10-30 When it comes to immigration, family ties may no longer bindLink: https://www.marketplace.org/2017/10/09/economy/when-it-comes-immigration-family-ties-may-no-longer-bind

Summary: A large percentage of immigrants move to the United States because they are related to someone who is an American citizen. Whereas, a smaller portion of immigrants come from workers who get visas because they have some needed skill in the workforce. In this podcast, Marketplace considers how a country can find a balanced policy in immigration reform. If immigration is too limited for the labor market, employers lose the number of unskilled workers that they may need for the success of their companies.

Original Air Date: October 9, 2017

Length: 2 minutes 7 seconds

 

Northern California Wildfires Destroy Thousands Of Businesses   Leave a comment

4971832860_8c25345e37_zLink: http://www.npr.org/2017/10/12/557444669/northern-california-wildfires-destroy-thousands-of-businesses

Summary: There are many factors that can damage businesses, but not all businesses can say that mother nature is a leading factor in disrupting their operations. Winery businesses located in Sonoma and Napa counties are the main focus of this podcast, discussing how Northern California wildfires have made business owners realize just how detrimental they are to not only the future of their businesses, but to them and their employees as well.

Original Air Date: October 12, 2017

Length: 3 minutes 34 seconds

North Korea’s Capitalists   Leave a comment

This photo taken on July 28, 2013 shows customers shopping at a supermarket in Pyongyang. Chinese yuan, US dollars, euros and tea bags. Money can come in many forms in North Korea, but as a foreign visitor you'll probably never even see a local banknote, let alone use one. AFP PHOTO / Ed Jones (Photo credit should read Ed Jones/AFP/Getty Images)Link: http://www.npr.org/sections/money/2017/10/13/557645729/episode-800-north-koreas-capitalists?utm_term=nprnews&utm_content=bufferffd48&utm_medium=social&utm_source=twitter.com&utm_campaign=buffer

Summary: Learn about a little group in North Korea, called the ‘donju.’ The economic prosperity that they developed went on to support the country’s nuclear program and contributed to the growth of their economy. This was all made possible when Kim Jong Un began allowing consultants from overseas to educate  North Korean entrepreneurs on accounting, trade, and management. They did this without daring to actually call it a spread of capitalism, as North Korea still remains a strict socialist country.

Original Air Date: October 13, 2017

Length: 24 minutes 25 seconds

Discussion prompt (1): Having listened to this podcast, what type of economic system do you think North Korea has? What impact do you think this system has on people, businesses and the government. Use specific examples from the podcast to support your answer.

Discussion Prompt (2): The podcast points out that in N Korea’s economic system “the state technically owns everything.” How does this impact the ‘Donju’?  Think particularly how it impacts the incentives they face to start and grow a business (contributing to economic development).

Discussion Prompt (3): Why would entrepreneurship not be something typically observed in a Centrally Planned/Socialist country? How are the economic incentives of this system related to this lack of entrepreneurship? According to this podcast, how did the economic actions of the Donju contribute to economic growth in N. Korea?

 

What LinkedIn Tells Us About the Economy   Leave a comment

Link: https://www.marketplace.org/2017/10/09/tech/what-linkedin-tells-us-about-economy

Summary: Who says the Labor Department is the only thing that can measure the U.S. economy? LinkedIn keeps track of the U.S. workforce by viewing trends that they see on their members’ profiles and extracting specific data to construct monthly reports. From tracking skills to receiving live updates on when individuals get new jobs, LinkedIn can track certain data that the government cannot.

Original Air Date: October 9, 2017

Length: 6 minutes 24 seconds