Lately I’ve been knee deep in the process of job searching. Let me tell you guys, this is an ordeal. Although most people don’t think about it this way, finding a job is very costly! It’s a difficult process with a lot of what economists would call unseen costs. There are the costs of finding jobs that match my interests and skills. Then the cost of sending out my resume and applications to as many job opportunities I can get my hands on. Next, there are the costs of interviews to see if I’m a good match for the position. This takes a lot of time and sometimes I’m just not motivated to overcome all these costs.
In case you didn’t know, we surpassed the $20 trillion mark in debt. Like many recent college grads or new homeowners, the United States has piled on more debt than what it brings in every year. In fact, the government debt is larger than the amount of goods and services we produce in a year! In 2016, the Gross Domestic Product, or GDP for the U.S. was around $18 trillion; $2 trillion less than the total debt. Continue reading “Slow-Boiled By Good Intentions”
Though we don’t like the sound of it, prices aren’t increasing as fast as the economy’s overlords would like. We might need to thank globalization for that. Continue reading “Inflation Is Weird Right Now”
The plight of workers in a changing economy being taken over by robots continues to be the buzz on the street. Everywhere we turn, we are reading, listening or spouting about the demise of the American worker. Unless we all become salespeople. Continue reading “Robots Don’t Need No Man, But They Can’t Sell”
The way the moving parts of government, unknowingly, work against each other contributes to the plight of the FKD’d millennial. Continue reading “Oxymoron: Subsidizing Entry-Level Jobs For Teens And Minimum Wage Hikes”
Minneapolis recently decided to jump on the minimum-wage bandwagon. This bandwagon is led by the “fight for $15” activists who are attempting to increase the minimum wage to $15 per hour for the entire country. Since a blanket minimum wage increase at the federal level is not possible, they are going to localities instead. Continue reading “Minneapolis May Experience An Uglier Minimum-Wage Fiasco Than Seattle”
Antifragility is key to navigating the seemingly political and economic winter that is coming. As the wise Jon Snow — of Game of Thrones fame — would say, winter is coming and we know what’s coming with it: robots, shorter work weeks and substantial labor force disruptions. We can either sit around and wait or learn to live with the wildlings and diversify our income streams. Continue reading “Winter is Coming. Become Antifragile.”