Luxury goods ecommerce soars. The worldwide appetite for luxury goods doesn’t seem to have been slowed down by concerns about the state of the global economy, according to research released by business consulting firm Bain & Company in October 2012. In fact, total demand for luxury goods has remained very strong, with worldwide revenues estimated to have [...]
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Raymond Alvarez: A strange thing happened on the way to the real estate apocalypse. It didn’t happen. Pundit and journalist alike had everyone looking the wrong way. But, who can blame them? How can you ignore the plethora of foreclosure signs on the way into the office? It turns out they weren’t looking hard enough [...]
Student debt is a dangerous bubble that is piling unprecedented levels of debt on young people. Houses and cars power recoveries. And young people aren’t buying either. That’s a New York Fed study conclusion and that can be easily read as blaming student debt for holding back the recovery by squashing home and auto sales. [...]
Job sprawl stalls in metropolitan areas. As policymakers and regional leaders work to grow jobs and connect residents to economic opportunity following the Great Recession, where jobs locate matters. The location of employment within a metro area intersects with a range of policy issues—from transportation to workforce development to regional innovation—that affect a region’s long-term [...]
Latest data says 2.16 million people have quit their jobs. Americans are voluntarily quitting their jobs at the highest rate since the pre-recession era, according to the Job Openings and Labor Turnover Survey — known as JOLTS — published by The Bureau of Labor Statistics.
The average CEO makes more in an hour than his or her average employee makes in a month. The rise of extreme income and wealth inequality is one of the biggest crises in the American economy. One of the causes of the wealth inequality is the bizarre consensus that, when it comes to the pay [...]
Marina Gorbis, author of The Nature Of The Future: Dispatches From The Socialstructed World, argues we are moving away from the depersonalized world of institutional production toward a new economy built on social connections and rewards–a process she calls socialstructing.
American adults who have a job (or are looking for a job) has fallen to its lowest point since 1979, hovering around 63 percent. Thirty-seven percent of working-age Americans aren’t working. But, what are they doing? Bloomberg Businessweek gives us a snapshot of 2013 with this amazing infographic above.
The fewer workers, the less growth produced. In the United States millions of people have gone missing from the workforce. Every month that those would-be workers are gone raises the odds that they might never come back, dimming the prospects for future economic growth.
During the post-recession years, each generation of Americans have suffered in its own way. The only age group that has managed to go the past year without reducing its unemployment rate is the 20-to-24-year olds.