Archive for the ‘Labor market economics’ Category

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

 

How the Minimum Wage Affects Restaurant Hygiene   Leave a comment

min wage image

Link: http://www.npr.org/2017/09/13/550607377/how-the-minimum-wage-affects-restaurant-hygiene

Summary: Cities across the U.S. have been making efforts to increase the minimum wage, which would impact restaurant workers. However, this move results to unexpected side effects due to the higher costs that restaurants will have to face, leading them to cut back on some services. This story discusses how the effects on increasing the minimum wage ties with the hygiene of restaurants and suggests potential steps that the restaurants can take to minimize their health violations.

Original Air Date: September 13, 2017

Length: 3 minutes 35 seconds

Why can’t small businesses find qualified employees?   Leave a comment

Link: http://www.marketplace.org/2016/04/04/business/why-can-t-small-businesses-find-qualified-employees

Summary: Small businesses are struggling to find qualified workers to fill vacant positions, especially in the manufacturing sector. The vacancies in these positions are forcing businesses to consider new hiring approaches that come at a high price for owners.

Original Air Date: April 8, 2016

Length: Article

The Evolution of the Show “Archer”   Leave a comment

archer2Link: https://www.marketplace.org/shows/marketplace-tech/04202017-mtech

Summary: “Archer” debuted when the internet was taking off. Marketplace interviews the show’s technical director and actress about the role the internet plays in the success of the show.  Marketplace also introduces Philadelphia’s reaction to Silicon Valley, and the recruitment of tech workers to the city.

Original Air Date: April 20, 2017

Length: 7 minutes 13 seconds