Archive for the ‘Labor market economics’ Category

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

Self Checkout   Leave a comment

self-checkout-936a66b9e1191573547895056746862815fc30b3-s1600-c85-jfifLink: http://www.npr.org/sections/money/2016/10/19/498571623/episode-730-self-checkout

Summary: Self checkout has become a staple in grocery stores, but back in 1992 they were considered a laughing stock.  Planet Money discusses self checkout with their creator, and considers what impact automation has on service and employment.

Original Air Date: October 19, 2016

Length: 20 minutes 27 seconds

 

Georgia school focuses on skills local employers say they need   Leave a comment

georgia schoolLink: http://www.marketplace.org/2016/03/10/education/school-focuses-skills-local-employers-say-they-need

Summary: Schools are shifting away from offering technical classes at a time when industries are more in demand of high skilled technical workers than ever before.

Original Air Date: April 1, 2016

Length: 2 minutes 17 seconds

Posted August 7, 2016 by cherokeebelval in Labor market economics, short length

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A new approach to increasing low-income college grads   Leave a comment

Obama Gives Commencement Address At Arizona State UniversityLink: http://www.marketplace.org/2016/03/24/world/new-approach-increasing-low-income-college-grads

Summary: Taxpayers are spending about $30 billion a year to help send low-income students to college, but only half of these students finish college within six years. College graduates are more likely to hold jobs and earn a higher wage than those who don’t. The federal government is beginning to take a closer look at Pell grant recipients to track their success, in hopes of improving future recipients chances of graduating college.

Original Air Date: March 24, 2016

Length: 2 minutes 41 seconds

Why have 1.4 million prime-age men dropped out of work?   Leave a comment

prime agedLink: http://www.marketplace.org/2016/03/28/world/why-have-14-million-prime-age-men-dropped-out-work

Summary: About 1.4 million men, ages ranging from 25-54, have left the workforce since even before the Great Recession began. Looking at data compiled by the U.S. Bureau of Labor Statistics, the most common reason for leaving the workforce has been being ill or disabled. Economist William Rodgers discussed the obstacles to their rejoining the workforce.

Original Air Date: March 28, 2016

Length: 2 minutes 50 seconds

Why We Work So Much   Leave a comment

by Unknown photographer, bromide print, 1933

Link: http://www.npr.org/sections/money/2015/07/24/426017148/episode-641-why-we-work-so-much

Summary: John Maynard Keynes believed that in the future people would work less, he was wrong. The Planet Money team explain the reasons why this has yet to change.

Original Air Date: July 24, 2015

Length: 13 mins 11 sec