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Amazon’s new grocery store highlights a huge hole in Donald Trump’s promise on jobs
Amazon debuted its new Go store on Monday, and the design of the store hints at a future of shopping with no human interaction. The grocery store will allow shoppers to check in to the store with their phones, grab what they need, and simply walk out of the store. Business Insider
Submitted yesterday

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Confusion about job creation is obscuring America's productivity crisis
There is perhaps no other topic in economics that is more prone to illogical thinking than job creation. It is a wellspring of hysterical nonsense. Let’s start with the canard that technology and automation kill jobs. Notwithstanding the fact that US productivity growth rates are at an all-time low, a growing chorus blames technology for killing our jobs. Writing in The New Yorker, NYU professor Gary Marcus alleges that, “as machines continue to get smarter, cheaper, and more effective, our options dwindle.” So don’t bother polishing up that resume; here’s a link to the unemployment office. Christian Science Monitor
Submitted yesterday

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Ark.-based Wal-Mart Joining Corporate Surge to Protect LGBT Employees
Wal-Mart Stores Inc. added insurance coverage for transgender workers this year, joining more than 500 companies taking a bigger role in advancing the rights of LGBT employees in a competitive market for labor. Companies from Apple Inc. to Xerox Corp. are pushing to protect employee rights and improve gender equality as some legislative efforts have stalled. In 28 states, it’s still legal to fire a person for being gay, and President-elect Donald Trump has said he will rescind President Barack Obama’s executive orders, some of which aim at workplace diversity. Bloomberg
Submitted yesterday

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More Than 500 Carrier Jobs Will Still Go to Mexico, Union Says
Carrier Corp. is keeping around 800 jobs in the U.S. as a result of negotiations with president-elect Donald Trump, but about 500 are still set to be outsourced, according to a local union. Fortune
Submitted yesterday

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Why Trump gets more hype out of 1,000 jobs than Obama does out of 16 million
At least for a moment, ­President-elect Donald Trump appeared to achieve this week what President Obama struggled to do for most of the past eight years: convince Americans that he can fix the economy. Yalibnan.com
Submitted yesterday

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GOP Leader Breaks With Donald Trump On Suggested 35 Percent Tariff
WASHINGTON ― If President-elect Donald Trump thinks he’s going to impose a 35 percent tariff on companies importing goods, he might want to check with Republicans in Congress. House Majority Leader Kevin McCarthy (R-Calif.) suggested Monday that Republicans would not be in favor of imposing the 35 percent tariff on foreign goods that Trump proposed Sunday in a series of tweets. Huffington Post
Submitted yesterday

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As Robots Replace Old Jobs, New Jobs Should Be Invented
Machines have been replacing humans since the first one was invented many thousands of years ago — and on the very next day it probably created new jobs when three people were needed to fix it. Humans are adaptable. We’re creative. We use machines to make new things, solve new problems and create whole industries that we can’t yet imagine. Doomsaying is easy and natural. We can see what’s being lost, but we don’t see the new things until they arrive. New York Times
Submitted yesterday

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Unskilled Manufacturing Jobs Aren't Coming Back -- They Never Existed
Whenever I hear of the need to bring back unskilled manufacturing jobs to the U.S., I want to scream. It happened to me late November. Somehow, I managed to stay calm. Don't misunderstand me. It's not that I hate manufacturing jobs. Rather, what riles me is this pernicious idea that such jobs are unskilled. They aren't and they likely never have been. Forbes
Submitted yesterday

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Almost all the jobs created since 2005 are temporary
The conventional full-time job is disappearing. Survey research conducted by economists Lawrence Katz of Harvard University and Alan Krueger at Princeton University shows that from 2005 to 2015, the proportion of Americans workers engaged in what they refer to as “alternative work” jumped from 10.7% to 15.8%. Alternative work is characterized by being temporary or unsteady—such as work as an independent contractor or through a temporary help agency. Qz.com
Submitted yesterday

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Why Trump’s Carrier Deal Isn’t The Way To Save U.S. Jobs
The U.S. gained 178,000 jobs in November. But the only ones anyone seemed to be talking about last week were the roughly 1,000 jobs in Indiana that are no longer moving to Mexico. In terms of direct economic impact, Donald Trump’s deal with Carrier, a manufacturer of air conditioners and furnaces, was clearly a sideshow. But it was symbolically important, representing a campaign promise kept — or at least partly kept, since Carrier still plans to outsource hundreds of other jobs to Mexico — before Trump even takes office. More importantly, the deal may provide some hints about how Trump plans to approach economic policy as president. Last week’s announcement suggests that Trump will approach governing much as he approached business — as a dealmaker. That’s good for grabbing headlines, but it won’t do much to address the underlying forces that are eroding blue-collar jobs. Fivethirtyeight.com
Submitted yesterday

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Features & Opinion

 Randle Report - Business News in the South

For those who still languish over "losing to China" or believe that the economy is still in recession, wake up and smell the data. Economic development in the South was about as good as it gets in calendar year 2015 according to the data. And as for China, borrowing a quote from the late football coach Bear Bryant that he made in the half-time locker room down 15-0 to Georgia Tech in 1960, "We got 'em right where we want 'em." For those of you who don't know the rich history of Alabama Crimson Tide football, Bama scored all of its 16 points in the fourth quarter, kicking a field goal on the last play of the game to beat Tech 16-15.
 

 Randle Report - Business News in the South

 FEATURE  
By Mike Randle
Today, factories in the U.S. make twice as much product as they did in 1984. And they are doing it with one-third of the manufacturing workforce. In fact, the output of durable goods in 2015 was the highest in the nation's history. So, we do have a strong manufacturing base, at least in the South, much of the Midwest and parts of the West, and it is getting stronger because on a cost-basis, we can compete with any major manufacturing nation in the world.  
 

 Randle Report - Business News in the South

FEATURE     
The argument for or against a minimum wage hike continues between the reds and the blues, as well as within the economic development community in the South. Should we stay the course with a minimum wage under $8 an hour to better compete with Mexico, the South's biggest competitor for jobs, or set a minimum wage just over $10 an hour, a wage floor most centrists support? That $10 per hour is, according to the MIT Living Wage Calculator, about right in most states in the South for one adult to be able to cover basic expenses plus all relevant taxes.
 
 Randle Report - Business News in the South
Recent data from the Computing Technology Industry Association (Comp TIA) showed that the technology industry is one of the fastest growing job generators in the South and the nation. The report also indicated that technology job compensation is growing faster than any other sector.
 


 

 

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