December 27, 2013 |
Is it a sin to be rich? Not if your resources are used to help others and create jobs. If you listen to most of the discussions of income inequality, it certainly seems like affluence itself is a crime. We hear increasing calls for higher taxes on the wealthy and other policies designed to redistribute income. President Obama summed up that position when he said, "Our country cannot succeed when a shrinking few do very well and a growing many barely make it. " The assumption behind these proposals is that a minority of Americans has become rich by making a majority of our people poorer.
September 23, 2013 |
CASPER, Wyo. - These are boom times in the resource-rich Cowboy State, courtesy of an oil explosion whose ripples can be felt across the land. Good-paying blue-collar jobs in the petroleum and natural gas fields are as plentiful as pickups here, and the unemployment rate - 4.6% in July - remains far below the 7.4% national average. But critics worry that the prodigious oil output includes a potential byproduct. Despite such fast-dollar success, heavy reliance on a single industry known for its dramatic downturns could one day help paint the state into a precarious financial corner, they say. Many fear the day when Wyoming's oil market fails, as it last did in the mid-1980s, exposing a fundamental flaw in the state's job picture: The lure of the oil dollar has prompted teenagers to skip college, or abandon high school, for the petroleum fields - many without a Plan B if things go bust.
September 19, 2013
Re "No repeat offenders," Opinion, Sept. 16 Lois Davis makes an excellent point: Rehabilitation programs in prison can reduce recidivism. I have had the honor of helping my friend, a lawyer who represents prisoners serving life sentences at their parole hearings. These men and women were fortunate in that they could take advantage of educational, vocational, spiritual and self-help programs while incarcerated. I have seen firsthand the positive impact of correctional education programs.
September 17, 2013 |
How do you move up the economic ladder? Go to college and get married. That's the upshot of a study released Tuesday that analyzes the major factors helping to push Americans up - or down - the economic scale. The study by the Pew Charitable Trusts underscores the dramatic role that factors such as education play in what's known as economic mobility, the ability of people to financially surpass their parents. Consider, for example, single black mothers. IN-DEPTH: Five key takeaways on America's housing market Among those with college degrees, 83% climbed the income ladder compared to their parents, according to the study.
July 24, 2013 |
The pay gap between men and women has been a subject of debate for decades. But a new survey reveals a clue to the discrepancy: the number of hours worked by men with full-time jobs versus women in full-time positions. On average, men log 8.46 hours a day versus the 7.87 hours worked by women, according to a recent Labor Department American Time Use Survey . However, that difference is flipped when it comes to part-time gigs. In those positions, women work 5.29 hours per day compared with men, who put in 5.16 hours.
June 17, 2013 |
Seven out of 10 workers have "checked out" at work or are "actively disengaged," according to a recent Gallup survey . In its ongoing survey of the American workplace, Gallup found that only 30% of workers are "were engaged, or involved in, enthusiastic about, and committed to their workplace. " Although that equals the high in engagement since Gallup began studying the issue in 2000, it is overshadowed by the number of workers who aren't committed to a performing at a high level -- which Gallup says costs companies money.