‘Dad’s Resume’

Here is an excellent piece in The Washington Post looking at an opening of a new plant in Ohio, which is looking to hire 40 people and give them a decent salary plus benefits, and how difficult it is to find the right people for the job despite a slew of resumes arriving.

Sorry Teens, No Jobs for You

A weak labor market is making it more difficult for teens to find jobs while low-wage work like retail and fast food is increasingly being taken by older Americans who are unable to find other work. I got my first job at the mall when I was 16 with no work experience besides some volunteer work here and there, and it's unlikely that would happen today since employers prefer applicants with experience. Some economists also believe there may be a cultural shift occurring—teens just aren't expected to work. Maybe, but it's also true that some people who want those jobs just aren't finding it, no matter how many jobs they apply to.

The Post-Boomer Economy

Here's a very interesting take on the post-boomer economy by Conor Sen, a former hedge fund analyst.

Nightmare Economy to Have ‘Indelible Impact’ on How Young People Think About Money

The jumps in rates of borrowing to rates of saving for young people are huge, and Moody’s economist Mark Zandi thinks it’s because we’re scared, which: we are. Yes. That is a true assumption. “It is unclear how long this heightened risk aversion will last, but I suspect the last few years will have an indelible impact on how younger households think about their finances.” NO DUH MOODY’S.

Nancy Drew and the Case of the Terrible Economy

Marcela Valdes examines “financial terror” in young adult lit, citing examples like the Hunger Games and Divergent as examples of books that depict financial insecurity as true horror. (“In recent years, realistic YA depictions of poverty and economic disparity have also turned much darker. The kinds of truly desperate characters that Little Women kept on the margins now often take center stage.”)

Ask a Bill Clinton

At Bloomberg Businessweek, former President Bill Clinton is answering questions about economic concerns from civic and business leaders, including what we can do to help close the U.S. worker skills gap, and bipartisan ways to make investments in infrastructure.

The Economic Narrative of ‘Game of Thrones’

The Harvard Crimson compared the narrative in Game of Thrones to the economic narrative the U.S. experienced because, well, the Crimson has nerds writing for them (j/k, we love you nerds).

Is Income Inequality Expanding? (Yes.)

According to the Economic Policy Institute, a non-profit, non-partisan think tank that "believes every working person deserves a good job with fair pay, affordable health care, and retirement security" (agreed!), wage inequality has expanded during 2009-2011 economic recovery.

“Unless We Want a Revolution”

Robert Reich is at Reddit this morning doing an AMA and promoting his film Inequality for All.

jelvision: “Do you see a closing of the gap or will it only get wider?”

robert reich: We’re coming close to a tipping point where, if income and wealth become any more concentrated at the top, the economy can’t function (the middle class and poor don’t have enough purchasing power) and our democracy can’t function (so much money corrupts it from the top that the majority of Americans give up on it). So we have no choice, realistically, but to reform the system — unless we want revolution.

Home Prices Up, Nobody Knows What That Means

Home prices in the U.S. have seen unexpectedly high gains during the first quarter of 2013 and there was much talk this morning whether or not this was the beginning of another bubble, or if it's simply a "a strong spot in the economic recovery".

Robert Reich Talks Fast, Draws Pictures, Makes Points

I haven’t read a lot of the articles about raising the minimum wage because it is just so stupidly obvious that the fact that it didn’t already happen yesterday makes me exhausted. But it’s still a thing people are talking about and writing about because it’s still a thing that isn’t settled yet (RIDICULOUS) so Robert Reich made a video with Move On that goes over the pros and debunks the cons in 2 minutes and 25 seconds. Shorter version: DUH.

Heidi Is Not Impressed

Heidi N. Moore has lots to say—and nothing good—about the fiscal cliff deal (“deal”) passed by the Senate early Tuesday morning: “So, after a day, and week, and year filled with manufactured drama, the US Senate not only failed its only goal – reducing the US deficit – but also built a mountain range out of the molehill of budget talks.”

And if you’re in the mood for more good (“good”) news, her piece about the longterm unemployed and how a real deal likely wouldn’t help them anyway is a doozy (“The predicament of the long-term unemployed only has a passing relationship to the fiscal cliff. There happens to be no one in the government who can put their hand up and protect the unemployed”).