 The unemplyment rate, which is a narrowly defined measure, inched downwards this month from 8.3% to 8.1%. While at first glance this may seem to be a good thing, this WSJ article points out why it may not. Do you think that this unemployment problem is worse for any certain group (income class, race, gender)?
Potential essay question: What do you think a surplus of workers will do to the wage paid to newly employed people? If you think future wages will adjust downward, how far down can they go? Will this surplus of workers ever cease to exist? From the NY Times blog, Economix. According to this blog post, women find that their jobs contribute to society more than men do. Another interesting graph in this post shows the "gender gap" according to job satisfaction. What economic reasons, if any, could there be to explain why men are paid more than women? What graph, that's not included, would you like to add to this article if you could?
From the Economist this is a great article that loooks much more in depth at the normative v. positive question posed in class. Here the so called "gender gap" is explained in great detail with current data. Enjoy
http://www.economist.com/blogs/schumpeter/2011/08/executive-pay-women |
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