I wonder if these workers get a premium wage too?
“BISMARCK, N.D. -
Home improvement retailer Menard Inc. plans to hire 50 workers
from its headquarters city in Wisconsin and fly them weekly
to staff its store in Minot, N.D.
Menard said jetting in employees for weeklong stints and housing them in hotels
is likely to be a permanent solution for that store’s staffing shortage.”
26K/year to start and nice benefits for stocking shelves.
“Menard has offered a [...]
By Farid Khavari
The residents of Miami-Dade County need and deserve more than a balanced budget achieved by cuts and layoffs. This is a direct path to financial disaster for our county. What Miami-Dade County residents need instead is a bright future with prosperity and economic security.
In stark contrast to all other mayoral candidates, I have a precise and well-thought-out economic plan to create a bright economic future for all Miami-Dade [...]
The National Association for Stock Car Auto Racing (NASCAR) has been considered America’s fastest growing sport, quickly becoming a national phenomenon. But a new economic study shows even NASCAR’s powerful engines haven’t been able to keep up with the Obama-era economy.
The study, from the pro-market think tank Public Notice and Race Fans 4 Freedom, finds that the economic downturn of the last several years has directly affected how NASCAR fans watch and [...]
by Michelle Hirsch, The Fiscal Times
Americans are slowly starting to feel better about their finances.
That’s evident from the latest retail sales figures released by the Census Bureau, which show that we’re spending more on cars, furniture, clothing, and electronics.
There’s one key area where Americans haven’t been buying, though: the stock market.
Despite record-low interest rates and a nearly four-month-long stock market rally, Americans remain reluctant to invest in stocks.
About 76 percent of those polled for [...]
Forget ambition, financial security and that first-class degree.
A controversial study has concluded that the real reason women pursue careers is because they fear they are too unattractive to get married.
The research team, made up of three women and two men, said that when men are thin on the ground, ‘women are more likely to choose briefcase over baby’.
Research has suggested the real reason women pursue careers is because they fear [...]
Apparently when you destroy the assets and savings of older people, they go to work out of desperation.
“For most of history prior to the late-1990′s, employment growth in the 55-and-over cohort was a fairly small and stable segment of total employment growth. Undoubtedly, part of the recent increase has simply been a change in the classification of existing workers as they’ve aged (1945 + 55 = 2000, so the [...]
From John P. Hussman:
“Last week, we observed “Real income declined month-over-month in the latest report, which is very much at odds with the job creation figures unless that job creation reflects extraordinarily low-paying jobs. Real disposable income growth has now dropped to just 0.3% year-over-year, which is lower than the rate that is typically observed even in recessions.” It wasn’t quite clear what was going on until I read a comment [...]
Posted: 02/ 9/2012 12:01 am
Are you young and looking for work? You’re in good company.
Just 54 percent of Americans ages 18 to 24 currently have jobs, according to a study released Thursday by the Pew Research Center. That’s the lowest employment rate for this age group since the government began keeping track in 1948. And it’s a sharp drop from the 62 percent who had jobs in 2007 — suggesting [...]
From Financial Mentor:
Retirement planning isn’t the precise science you would like it to be…
Surprisingly, most people don’t “get” how the process works. Several myths have earned conventional wisdom status, despite being wrong. These myths can be very expensive and undermine your financial security.
The truth about retirement planning is startlingly simple, because the essential principles can be reduced to just two basic formulas.
In this article, we’ll unveil several retirement planning myths, [...]
by Charles Hugh Smith
A substantial percentage of many households’ net worth is comprised of the equity in their home. With the beating home prices have taken since 2007, existing and soon-to-be homeowners are keen to know: Are prices stabilizing? Will they begin to recover from here? Or is the “knife” still falling?
To understand where housing prices are headed, we need to understand what drives them in the first place: policy, perception, and [...]
by Chris Martenson
What we care about most here is helping people adjust and adapt — happily, profitably, and safely — to what is likely to be a very different future.
Our framework centers on the idea that humanity is facing a set of predicaments quite unlike anything else in the history books. Because this time there are no borders to cross in search of safety; the entire world is involved. On a [...]
Web of Debt
Our money system is not what we have been led to believe. The creation of money has been “privatized,” or taken over by private money lenders. Thomas Jefferson called them “bold and bankrupt adventurers just pretending to have money.” Except for coins, all of our money is now created as loans advanced by private banking institutions — including the privately-owned Federal Reserve. Banks create the principal but not the interest to service [...]
That the American and global economies are being transformed by the forces of globalization, demographics, and over-indebtedness is self-evident. What is less self-evident is the impact this transformation will have on the future of work, earned income, and financial security.
The key question an increasingly vulnerable workforce is asking is:What skills will be in demand once this transition occurs?
In order to answer this question, it’s necessary to understand the macro trends that [...]
Officially, California’s high-speed rail project is going ahead with construction, scheduled to start late next year. But in reality, the project is in deep trouble, amidst critical reports, escalating cost estimates, revelations of poor governance and the departures of key supporters from the board overseeing the project.
The project is a zombie — still walking, but almost certainly dead. Here are five reasons why:
1. The state budget
Nearly one-fifth of full-time employed Americans have raided retirement accounts in the past year to cover emergencies, according to a national Bankrate survey.
Despite increasing signs of a stabilizing U.S. economy, 19 percent of Americans — including 17 percent of full-time workers — have been compelled to take money from their retirement savings in the last year to cover urgent financial needs, the Financial Security [...]
Neither income nor long term wealth creating capacity can sustain this debt, which means it cannot be redeemed.
The issues for the middle class are:
1. Explicitly acknowledge that the debt is bad or keep denying this truth because the latter is what Regime propaganda asserts daily and loudly, from Greece to California and from Portugal to Illinois;
denial, of course, is a prelude to catastrophe and the burden of the catastrophe [...]