Category : Labor/Labor Unions/Labor Market

(Gallup) US Underemployment Increases to 14.5% in August

Gallup’s measure of underemployment in August is 14.5%, up 0.3 points from July. This rate is still lower than in any month other than July 2015 since Gallup began tracking it daily in 2010. Gallup’s U.S. underemployment rate combines the percentage of adults in the workforce who are unemployed (6.3%) and those who are working part time but desire full-time work (8.2%).

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Posted in * Culture-Watch, * Economics, Politics, * International News & Commentary, America/U.S.A., Economy, Ethics / Moral Theology, Labor/Labor Unions/Labor Market, Sociology, Theology

South Carolina 37th in wage growth–Most jobs tied to manufacturing, construction

As South Carolinians observe the Labor Day weekend, more are discovering it’s easier to find a job. Unemployment has dropped from a high of 11.6 percent during the depths of the Great Recession in June 2009 to 6.4 percent in July. But South Carolina workers also know wages for those jobs are growing ever so slowly.

South Carolina ranked 36th in the nation in wage growth from 2013 to 2014 ”“expanding only 2.6 percent, according to the most recent year-to-year comparisons from the U.S. Bureau of Labor Statistics.

North Dakota was first at 6.4 percent, buoyed by the rising oil shale industry. Nevada was last at 1.4 percent, with its wages tied to the service and tourism industries.

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Posted in * Economics, Politics, * South Carolina, Anthropology, Corporations/Corporate Life, Economy, Ethics / Moral Theology, Labor/Labor Unions/Labor Market, Personal Finance, Politics in General, State Government, Theology

A Prayer for Labor Day (II)

On this three day weekend, when we rest from our usual labors, loving Father, we pray for all who shoulder the tasks of human labor””in the marketplace, in factories and offices, in the professions, and in family living.

We thank you, Lord, for the gift and opportunity of work; may our efforts always be pure of heart, for the good of others and the glory of your name.

We lift up to you all who long for just employment and those who work to defend the rights and needs of workers everywhere.

May those of us who are now retired always remember that we still make a valuable contribution to our Church and our world by our prayers and deeds of charity.

May our working and our resting all give praise to you until the day we share together in eternal rest with all our departed in your Kingdom as you live and reign Father, Son, and Holy Spirit, one God, forever and ever. Amen.

–The Archdiocese of Detroit

Posted in * Christian Life / Church Life, * Economics, Politics, Economy, Labor/Labor Unions/Labor Market, Spirituality/Prayer

(LA Times Editorial) Labor Day 2015: Uncertain times for American workers

Unfortunately, being a worker in America today isn’t what it was a decade ago, and not all the changes can be blamed on the recession, though that certainly was economically cataclysmic for millions of people. The Bureau of Labor Statistics’ data show that the country still hasn’t recovered fully, let alone returned to the heights reached during the late 1990s’ dot-com boom. Compared with late 2006, about 1.3 million more people are unemployed today and about 1 million more have been jobless for more than six months. Almost 6.5 million Americans currently working part time want full-time jobs, which is 2 million more than a decade ago.

Relationships with employers have changed as well. More people now work as independent contractors, which means they aren’t covered by wage and overtime laws and don’t receive workers’ compensation if injured or unemployment insurance if laid off. Some workers prefer such jobs because of the flexibility it gives them, which also appeals to employers who may only need a worker for a specific task for a short time. But many companies exploit the system by misclassifying workers as independent contractors when they really are acting as employees and entitled to protections.

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Posted in * Economics, Politics, Anthropology, Corporations/Corporate Life, Economy, Ethics / Moral Theology, Labor/Labor Unions/Labor Market, Theology

A Labor Day Reflection on Saint Joseph the Worker

ZENIT spoke with Father Tarcisio Giuseppe Stramare of the Congregation of Oblates of Saint Joseph, director of the Josephite Movement, about Tuesday’s feast of St. Joseph the Worker….

ZENIT: What does “Gospel of work” mean?

Father Stramare: “Gospel” is the Good News that refers to Jesus, the Savior of humanity. Well, despite the fact that in general we see Jesus as someone who teaches and does miracles, he was so identified with work that in his time he was regarded as “the son of the carpenter,” namely, an artisan himself. Among many possible activities, the Wisdom of God chose for Jesus manual work, entrusted the education of his Son not to the school of the learned but to a humble artisan, namely, St. Joseph.

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Posted in * Economics, Politics, * Religion News & Commentary, Anthropology, Economy, Ethics / Moral Theology, Labor/Labor Unions/Labor Market, Other Churches, Roman Catholic, Theology

A Prayer for Labor Day (I)

O Lord Jesus Christ, who in thy earthly life didst share man’s toil, and thereby hallow the labour of his hands: Prosper all those who maintain the industries of this land; and give them pride in their work, a just reward for their labour, and joy both in supplying the needs of others and in serving thee their Saviour; who with the Father and the Holy Spirit livest and reignest, ever one God, world without end. Amen.

Posted in * Christian Life / Church Life, * Economics, Politics, Economy, Labor/Labor Unions/Labor Market, Spirituality/Prayer

Headline Unemployment rate falls to 5.1%, but Americans are not finding pay increases

In the year that the U.S. economy was supposed to take off, an odd thing has happened: Americans are finding new jobs, but they aren’t finding employers willing to dole out meaningful pay increases.

It’s the tension at the center of an economy that is only growing more perplexing as it enters a perilous autumn.

Fresh data released Friday ”” showing unemployment at a seven-year low and a cooling pace of jobs growth ”” provided conflicting signals about the nation’s economic momentum as the Federal Reserve considers raising interest rates for the first time in nearly a decade. The U.S. added 173,000 jobs, slightly below expectations, while the unemployment rate fell to 5.1 percent. Never before has the nation’s unemployment rate plunged so low ”” a point when companies should be competing aggressively for workers ”” while wages have stayed so flat.

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Posted in * Economics, Politics, * International News & Commentary, America/U.S.A., Anthropology, Economy, Ethics / Moral Theology, Labor/Labor Unions/Labor Market, Pastoral Theology, Theology

(Globe and Mail) Harvey Schachter–Has ”˜wellness’ become a dangerous ideology?

Wellness is prized these days. We want to balance our work and life, ensuring a healthy lifestyle. We try to carve out time for exercise, avoid fatty foods, and shun smoking (and smokers). Positivity is considered a virtue.

But Stockholm Business School professor Carl Cederstrom believes we have gone overboard with our walking meetings, treadmill desks, and meditation classes. “Wellness has become an ideology,” he says in an interview ”“ a dangerous ideology because not all of us can live up to the wellness creed and there can be an intolerance towards smokers and people with weight issues, for example. But it’s also dangerous because it obscures the fact economic and social factors ”“ and political decisions ”“ can have a much greater determinant on overall health than the individual actions of the higher-income folk who have bought into what he and fellow critic André Spicer, a professor at London’s City University, call in their new book The Wellness Syndrome.

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Posted in * Culture-Watch, * Economics, Politics, Anthropology, Books, Children, Economy, Ethics / Moral Theology, Health & Medicine, Labor/Labor Unions/Labor Market, Marriage & Family, Psychology, Theology

(AI) James V. Schall–The Moral Dimension of Work

“The moral foundation of political economy,” to use Lord Acton’s phrase, rests on the connection of liberty with right, of right with duty, of duty with leisure and delight, and of all with transcendence.

Our most unsettling economic problems are actually not economic but moral””moral ones that cannot be simply passed on from generation to generation. They need to be chosen and internalized by each person in each generation at the risk of deflecting material goods from their proper purposes.

Work likewise is not exclusively for its own sake. Rather work, while being an expression of human dignity and concrete accomplishment, aims at a product, aims at the material wellbeing in which something more than work can happen. The basis of culture, as Josef Pieper wrote in a famous thesis, is not only work but also leisure that lies beyond work. We work in order to have leisure, not the other way around.

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Posted in * Culture-Watch, * Economics, Politics, * Religion News & Commentary, Anthropology, Economy, Ethics / Moral Theology, Labor/Labor Unions/Labor Market, Other Churches, Pastoral Theology, Religion & Culture, Roman Catholic, Theology, Theology: Salvation (Soteriology), Theology: Scripture

(WSJ) Mixed Jobs Report Sets Fed Up for Close Call on Rates

U.S. employment growth slowed in August but the jobless rate fell to the lowest level since 2008, a mixed labor-market reading that leaves the Federal Reserve with a challenging decision on whether to raise short-term rates at its September meeting.

Nonfarm payrolls rose a seasonally adjusted 173,000 in August, the Labor Department said Friday. Revisions showed employers added 44,000 new jobs in June and July than previously estimated.

However, the unemployment rate, which comes from a separate survey of U.S. households, fell to 5.1%, from 5.3% the previous month. The unemployment rate is now lower than at any point since 2008 and right in the middle of the Fed’s long-run projections.

The decline in the unemployment rate strengthens the case for an interest rate increase at the Fed’s Sept. 16-17 meeting.

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Posted in * Economics, Politics, Economy, Federal Reserve, Labor/Labor Unions/Labor Market, The U.S. Government

(Telegraph) Should humans fear the rise of the machine?

Within the space of a couple of decades, a robot may be writing this article. It will probably be delivering your post. And if it isn’t driving your car, you’ll need to get with the times.

In the last half a decade, artificial intelligence (AI) has moved from a pipedream, or the domain of science fiction, to a reality that is certain to have a profound impact on our lives.

Not only is AI certain to make millions of jobs that exist today obsolete, it will also force us to ask major questions, about privacy, laws and ethics.

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Posted in * Culture-Watch, * Economics, Politics, Anthropology, Economy, Ethics / Moral Theology, History, Labor/Labor Unions/Labor Market, Science & Technology, Theology

(G+M) Simon Hedlin on why Amnesty International made the wrong decision on sex workers

There are important reasons why it is a gigantic misstep for Amnesty to advocate for the decriminalization of sex buyers. First, the empirical evidence of potential benefits from making it permissible to purchase sex is weak while the costs may be enormous. New Zealand decriminalized prostitution in 2003 and yet the country’s Prostitution Law Review Committee found in its evaluation that a majority of prostituted persons felt that the decriminalization act “could do little about violence [in prostitution].” At the same time, several studies have found that countries where buying sex is decriminalized, sex trafficking is more prevalent.

Second, decriminalizing buying sex seems to be at odds with Amnesty’s core objectives. One of the reasons that there are so many of us who have strongly supported Amnesty for years is the organization’s steadfast commitment to the fundamental rights of individuals, whether they are refugees, prisoners of conscience, or victims of torture. But buying sex is not a human right.

Instead of adopting a harmful proposal, Amnesty should have learned from Sweden’s prostitution policies. In 1999, Sweden made it illegal to buy sexual services, but not to sell them ”“ an approach that is now often called “the Swedish model.”

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Posted in * Culture-Watch, * Economics, Politics, * International News & Commentary, Consumer/consumer spending, Economy, Europe, Globalization, Labor/Labor Unions/Labor Market, Law & Legal Issues, Politics in General, Sexuality, Sweden

([London] Times) Anger as Amnesty votes to legalise sex trade

Amnesty International has adopted a controversial policy of pressing for the sex trade to be decriminalised, despite warnings from prostitutes and campaigners and protests joined by Hollywood actresses.
Legalising the buying and selling of sex, as well as other parts of the industry such as brothel-keeping, was the best way to protect sex workers, the charity said yesterday.
The decision came after days of debate by 500 delegates at its international council meeting in Dublin.

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Posted in * Culture-Watch, * Economics, Politics, Anthropology, Consumer/consumer spending, Economy, Ethics / Moral Theology, Globalization, Labor/Labor Unions/Labor Market, Law & Legal Issues, Men, Sexuality, Theology, Women

(Gallup) Many more Americans say economy getting worse rather than better

Gallup’s Economic Confidence Index is the average of two components: how Americans rate the current economy and whether they feel the economy is “getting better” or “getting worse.” The index’s theoretical maximum is +100, if all Americans rated the economy as positive and improving, while the theoretical minimum is -100, if all Americans rated the economy as negative and getting worse.

Both components were level for the week ending Aug. 9. The current conditions component averaged -6, the result of 24% of Americans rating the economy as “excellent” or “good,” while 30% rated it “poor.” The economic outlook component averaged -18, as 39% of Americans said the economy is getting better while 57% said it is getting worse.

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Posted in * Culture-Watch, * Economics, Politics, * International News & Commentary, America/U.S.A., Anthropology, Consumer/consumer spending, Corporations/Corporate Life, Economy, Housing/Real Estate Market, Labor/Labor Unions/Labor Market, Personal Finance, Psychology, Sociology, Theology

(WSJ) Job Growth Stays Steady, but Signs of Slack Persist

U.S. employers are adding jobs at a steady clip though the labor market is showing little sign of overheating, factors likely to reassure Federal Reserve officials as they weigh their first interest-rate increase since 2006.

Nonfarm payrolls rose a seasonally adjusted 215,000 in July, the Labor Department said Friday. Revisions showed employers added 6,000 more jobs in May and 8,000 more in June than previously estimated.

The unemployment rate, which is obtained from a separate survey of U.S. households, held steady at 5.3% in July.

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Posted in * Economics, Politics, * International News & Commentary, America/U.S.A., Anthropology, Consumer/consumer spending, Corporations/Corporate Life, Economy, Ethics / Moral Theology, Labor/Labor Unions/Labor Market, Theology

(Fortune) Why working 8 hours a day is killing your productivity

Email notifications. Buzzing phones. The sound of your coworker munching on lunch. Chances are that by the time you finish reading this article””if you even get that far””at least one of these distractions will have derailed your thoughts; threatening deadlines, work quality and overall productivity.

In his book Your Brain at Work, author David Rock says that the average office worker is interrupted every three minutes, and recovering from this disconnect is costly. In fact, it takes us an average of 23 minutes to fully return to a task after an interruption. That said, discoveries in neuroscience also confirm what we’ve always known: our brains aren’t wired to concentrate intensely for eight hours straight. They get tired! Our minds work in cycles of activity and downtime designed to keep us alert and responsive to our surroundings. But harnessing those cycles to promote productivity proves challenging.

So how can we balance the onslaught of incoming information and the temptation to multitask with the reality of brain science? What can we do to maximize our productivity in the office?

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Posted in * Culture-Watch, * Economics, Politics, --Social Networking, Anthropology, Blogging & the Internet, Consumer/consumer spending, Economy, Ethics / Moral Theology, Health & Medicine, Labor/Labor Unions/Labor Market, Pastoral Theology, Psychology, Science & Technology, Theology

(CNBC) Made in America: The South Carolina solution

The sun rises over the Port of Charleston and with it, the start of another day where a new symbol of Made in America buzzes with activity.

Workers are preparing to load another cargo ship of BMW vehicles, built at the German automaker’s plant in Spartanburg, South Carolina.

While Michigan is still the heartbeat of America’s auto industry, South Carolina is one of several southern states that have become a greater focal point for automakers scouting out locations for new plants.

“We really focus on foreign investment, on adding new jobs to our country [and] not just our state,” South Carolina Gov. Nikki Haley told CNBC.

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Posted in * Culture-Watch, * Economics, Politics, * South Carolina, Corporations/Corporate Life, Economy, History, Labor/Labor Unions/Labor Market, Politics in General, State Government, Travel

(CT Gleanings) $70,000 Minimum Yearly Wage Brings Bible Parable to Life (Unfortunately)

Earlier this year, Dan Price, a graduate of Seattle Pacific University and CEO of Seattle-based Gravity Payments, made headlines nationwide after announcing plans to raise his employees’ base salary to $70,000 a year.

But not everyone at Gravity Payments agrees with his plans to share the wealth. ­­­­­­

Two of his top employees quit in protest. His brother, a co-owner of Gravity Payments, filed suit. Other local companies complained that Price made them look stingy, according to The New York Times (NYT).

It’s as if Jesus’s parable about the workers in the vineyard””where latecomers got the same pay as those who worked all day””has come to life, the NYT points out.

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Posted in * Culture-Watch, * Economics, Politics, * International News & Commentary, America/U.S.A., Anthropology, Corporations/Corporate Life, Economy, Ethics / Moral Theology, Labor/Labor Unions/Labor Market, Pastoral Theology, Politics in General, Psychology, Theology, Theology: Scripture

(CNBC) This 103-year-old World War II veteran works five days a week

After more than a century of being alive, Loren Wade is still punching a clock.

Earlier this week, the long-time Walmart employee celebrated his 103rd birthday with friends, family and coworkers at a party.

The Air Force and World War II veteran gave retirement a try during his 60’s, but it didn’t take long before he grew bored and opted to continue working, the centenarian told NBC’s “Weekend TODAY” in a recent interview. After landing a job with Walmart back in 1983, he still works five day a week at a the location in his hometown of Winfield, Kansas.

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Posted in * Culture-Watch, * Economics, Politics, * International News & Commentary, Aging / the Elderly, America/U.S.A., Anthropology, Economy, Ethics / Moral Theology, Labor/Labor Unions/Labor Market, Military / Armed Forces, Pastoral Theology, Theology

Matthew Harwood–Why Read Christopher Lasch?

Lasch understood that democracy is a fiction when people spend their lives working in conditions over which they exert little or no control, compensated by shoddy consumer goods that bring faint comfort when the things that really matter””such as adequate schooling and homeownership, the last vestige of proprietorship for most people today””are out of reach. These social facts don’t produce citizens capable of self-governance but a people who are ruled over by a remote technocratic elite, as Murray has correctly observed, who make decisions for the masses they know little and care even less about.

Even with President Obama’s recent championing of “middle-class economics” and the Republican Party’s occasional concessions to belief in the social destructiveness of economic inequality, both parties cling to different branches of what Lasch called the ideology of progress, redistribution on the left and “a rising tide lifts all boats” on the right. By contrast, Lasch’s vision of the good life is truly radical yet profoundly conservative; it harkens back to traditions now largely dormant in American life where those who worked for a living wanted to build local communities, in the words of 19th-century labor leader Robert MacFarlane, based upon the now forgotten American ideal of “small but universal ownership” of property, which was the “true foundation of a stable and firm republic.” In other words, independence rooted in both liberty and equality.

This producerist ideology, according to Lasch, “deserves a more attentive hearing, on its own terms, than it has usually received.” It holds the answer to the questions critics like Charles Murray raise””and reveals that too many libertarians and conventional conservatives are confused apologists for a system that produces everything they despise: authoritarianism, centralization, and widespread dependence.

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Posted in * Culture-Watch, * Economics, Politics, * International News & Commentary, America/U.S.A., Books, Consumer/consumer spending, Corporations/Corporate Life, Economy, Ethics / Moral Theology, History, Labor/Labor Unions/Labor Market, Marriage & Family, Politics in General, Sociology, Theology

(NYT) Rising Economic Insecurity Tied to Decades-Long Trend in Employment Practices

…Uber is not so much a labor-market innovation as the culmination of a generation-long trend. Even before the founding of the company in 2009, the United States economy was rapidly becoming an Uber economy writ large, with tens of millions of Americans involved in some form of freelancing, contracting, temping or outsourcing.

The decades-long shift to these more flexible workplace arrangements, the venture capitalist Nick Hanauer and the labor leader David Rolf argue in the latest issue of Democracy Journal, is a “transformation that promises new efficiencies and greater flexibility for ”˜employers’ and ”˜employees’ alike, but which threatens to undermine the very foundation upon which middle-class America was built.”

Along with other changes, like declining unionization and advancing globalization, the increasingly arm’s-length nature of employment helps explain why incomes have stagnated and why most Americans remain deeply anxious about their economic prospects six years after the Great Recession ended.

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Posted in * Culture-Watch, * Economics, Politics, --Social Networking, Anthropology, Blogging & the Internet, Corporations/Corporate Life, Economy, Ethics / Moral Theology, Globalization, History, Labor/Labor Unions/Labor Market, Psychology, Science & Technology, Theology, Travel

(NYT Editorial) The Struggle for Fairness for Transgender Workers

Shortly after graduating from college in Pennsylvania last year, Elaine Rita Mendus hopped on a Greyhound bus, hoping the $2,000 in her bank account would keep her afloat until the first paycheck. There was only one city in the country that seemed moderately promising for a 6-foot-3 transgender woman in the early stages of transitioning to launch a career.

“I figured, where else will I be accepted?” Ms. Mendus, 24, said. “New York.”

It was a rude awakening. The luckiest break she caught after a monthslong quest to find steady work was a coveted slot at one of the city’s few homeless shelters that give refuge to gay and transgender youths for a few months. It was a blessing, she said, but also “a really strange pill to swallow.”
Americans’ understanding of transgender people has been shaped recently by the riveting, glamorous lives of the former Olympian Caitlyn Jenner and the actress Laverne Cox. The two, though, are far from representative of an economically disadvantaged community that continues to face pervasive employment discrimination, partly as a result of lagging legal protections.

Roughly 15 percent of transgender Americans earn less than $10,000 a year, a rate of extreme poverty that is almost four times higher than the national average, according to the National Center for Transgender Equality and the National Gay and Lesbian Task Force. They are twice as likely to be unemployed as the general population, though transgender Americans have a higher level of education than the general population. About 16 percent of respondents to a 2011 survey said they resorted to illegal trades like prostitution and drug dealing. Ninety percent said they faced harassment, mistreatment or discrimination on the job. The worst off are black and Hispanic transgender women, particularly those who don’t have the means to alter their physical appearance as much as they would like. For many, coming out means being drawn into a cycle of debt, despair and dreadful choices.

In 1993, Minnesota became the first state to enact a law protecting employees from discrimination on the basis of gender identity. Since then, 18 other states, the District of Columbia, Puerto Rico and scores of jurisdictions have taken similar steps, which today collectively cover about 51 percent of the population.

In 2012, the Equal Employment Opportunity Commission began taking the position that discrimination against transgender employees was a form of sex discrimination under the Civil Rights Act of 1964. That offers individuals valuable legal recourse, but pursuing claims through the E.E.O.C. is time-consuming and generally futile for those who cannot afford to hire a lawyer.

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I will take comments on this submitted by email only to KSHarmon[at]mindspring[dot]com.

Posted in * Culture-Watch, * Economics, Politics, * Religion News & Commentary, Anthropology, Corporations/Corporate Life, Economy, Ethics / Moral Theology, Labor/Labor Unions/Labor Market, Law & Legal Issues, Other Faiths, Pastoral Theology, Poverty, Psychology, Sexuality, Theology, Urban/City Life and Issues

Are Homeownership and the Middle Class Out of Reach for Millennials?

Nearly seven in 10 millennials, or 69% of those ages 18 to 34, say they have it harder than previous generations in securing a middle-class lifestyle. But the story doesn’t stop at younger Americans feeling they have it harder than older generations. Seventy-seven percent of seniors say that young people today have a harder time achieving a secure middle-class lifestyle compared with their counterparts 20 or 30 years ago. The share of seniors with this view is striking, particularly given that many of them have lived through the Great Depression, World War II, Stagflation, the stock market crash of 1987, and, most recently, the Great Recession.

More than seven in 10 Americans also believe that millennials have it harder when it comes to saving for retirement (81%); owning a home (76%); having a stable, decent-paying job (71%); and having stable, affordable housing (71%).

These are some of the findings from a recent Hart Research survey conducted for the John D. and Catherine T. MacArthur Foundation’s How Housing Matters Initiative. It also found that millennials are concerned about their housing situation and that many have had personal experience with housing distress. This has caused them to re-assess the feasibility of homeownership, with many millennial homeowners considering whether to rent in the future.

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Posted in * Culture-Watch, * Economics, Politics, * International News & Commentary, America/U.S.A., Anthropology, Children, Consumer/consumer spending, Economy, Ethics / Moral Theology, Housing/Real Estate Market, Labor/Labor Unions/Labor Market, Marriage & Family, Personal Finance, Theology, Young Adults

(FT) Gideon Rachman–Europe’s dream is dying in Greece

The danger now is that, just as Greece was once a trailblazer in linking a democratic transition to the European project, so it may become an emblem of a new and dangerous process: the disintegration of the EU. The current crisis could easily lead to the country leaving the euro and eventually the union itself. That would undermine the fundamental EU proposition: that joining the European club is the best guarantee of future prosperity and stability.

Even if an angry and impoverished Greece ultimately remains inside the tent, the link between the EU and prosperity will have been ruptured. For the horrible truth is dawning that it is not just that the EU has failed to deliver on its promises of prosperity and unity. By locking Greece and other EU countries into a failed economic experiment ”” the euro ”” it is now actively destroying wealth, stability and European solidarity.

The dangers of that process are all the more pronounced because Greece is in a highly strategic location. To the south lies the chaos and bloodshed of Libya; to the north lies the instability of the Balkans; to the east, an angry and resurgent Russia.

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Posted in * Economics, Politics, * International News & Commentary, Anthropology, Credit Markets, Currency Markets, Economy, Ethics / Moral Theology, Euro, Europe, European Central Bank, Foreign Relations, Greece, Housing/Real Estate Market, Labor/Labor Unions/Labor Market, Politics in General, The Banking System/Sector, The Credit Freeze Crisis of Fall 2008/The Recession of 2007--, Theology

Elem School Students Get Surprise Visit From CEO Dan Price Who Took Pay Cut to Raise Salaries

[Dan] Price dropped his salary from about $1 million to $70,000 in order to increase pay for many of his employees.

In the weeks that have followed, Price has received hundreds of messages ”” some from CEOs who followed suit with similar moves and others from critics who feel the decision will destroy Price’s company.

Of all the notes that he has received, the most striking to Price was a stack of 33 letters ”” delivered by mail ”” from a class of sixth graders at Woodbury Elementary School in Irvine, California.

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Posted in * Culture-Watch, * Economics, Politics, Anthropology, Children, Corporations/Corporate Life, Economy, Education, Ethics / Moral Theology, Labor/Labor Unions/Labor Market, Theology

([London] Times) The Pemberton Case–Same-Sex Marriage: an unholy union for the clergy?

This case comes hard on the heels of an attempt sponsored by Unite to establish that a beneficed parish priest is employed by his bishop or enjoys the status of a worker, thereby paving the way for unfair dismissal and whistleblowing claims. That was roundly rejected by the Court of Appeal in April. Lord Justice Lewison in his judgment sketched the history of the relationship between church and state and more particularly the jurisdiction of royal or civil courts over clergy from the investiture controversy in the 11th century right through to the establishment of the modern ecclesiastical courts. He appears to have accepted the proposition that employment tribunals could determine such questions as an attack on the balance that has been struck. Similar considerations apply to the Pemberton case, although the legal analysis is distinct.

While many will feel sympathy for Canon Pemberton, it should be remembered that even in the secular field, activities outside the workplace can result in a lawful termination of employment, although rarely. It should also be remembered that when ordained as a priest, he not only took an oath of canonical obedience to his bishop but also declared that he would fashion his own life “according to the way of Christ” and to be “a pattern and example to Christ’s people”.

What that amounts to cannot be a matter of private judgment. Plenty of other homosexual priests have at some cost followed the House of Bishops guidance and previous similar utterances from the hierarchy.

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Posted in * Anglican - Episcopal, * Christian Life / Church Life, * Culture-Watch, * Economics, Politics, * International News & Commentary, Anglican Provinces, Church of England (CoE), Economy, England / UK, Ethics / Moral Theology, Labor/Labor Unions/Labor Market, Law & Legal Issues, Ministry of the Ordained, Parish Ministry, Religion & Culture, Theology

(NYT) More Americans Are Renting, and Paying More, as Homeownership Falls

In the past, many families like the McDowells, whose household income is almost $100,000 a year, would already be nestled in a starter home, maybe even on the cusp of upgrading to something bigger and more expensive on the profits from their first house.

But even as the market continues to improve ”” sales of existing homes in May increased to their highest pace in six years, the National Association of Realtors reported on Monday, and first-timers make up 32 percent of the buyers ”” it is leaving millions of Americans unwillingly stuck in rental housing.

“It’s more of a new normal,” said Robert J. Shiller, an economics professor at Yale University and a Nobel laureate. “We went through a wrenching experience with the biggest housing bubble and the biggest collapse since 1890. This is an anxious time.”

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Posted in * Economics, Politics, * International News & Commentary, America/U.S.A., Anthropology, Corporations/Corporate Life, Economy, Ethics / Moral Theology, Housing/Real Estate Market, Labor/Labor Unions/Labor Market, Personal Finance, The Credit Freeze Crisis of Fall 2008/The Recession of 2007--, Theology

(Archbp John Sentamu) Businesses Should Put Human Wellbeing First

[Joseph] Stiglitz is also particularly critical of the banking system: “If they (the banks) are too big to fail and they know it, excessive risk-taking is a one-sided bet: if they win they keep the profits, if they lose, taxpayers pick up the tab.” He summarises this as socialising losses while privatising gains.

Furthermore, there is a growing chorus of opposition to lax executive pay habits. Fidelity Worldwide Investment has urged companies make their long-term incentive plans less short term in nature, or face votes against remuneration at annual meetings. Last year the Church Commissioners opposed executive pay deals in two-thirds of the companies where they have a holding.

Adam Smith, said to be the father of modern economics, wrote: “Servants, labourers and workmen of different kinds, make up the far greater part of every great political society. But what improves the circumstances of the greater part can never be regarded as an inconvenience to the whole. No society can surely be flourishing and happy, of which the far greater part of the members are poor and miserable. It is but equity, besides, that they who feed, clothe, and lodge the whole body of the people, should have such a share of the produce of their own labour as to be themselves tolerably well fed, clothed and lodged.”(2)

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Posted in * Anglican - Episcopal, * Culture-Watch, * Economics, Politics, * International News & Commentary, Anglican Provinces, Anthropology, Archbishop of York John Sentamu, Church of England (CoE), Corporations/Corporate Life, Economy, England / UK, Ethics / Moral Theology, Labor/Labor Unions/Labor Market, Religion & Culture, Theology, Theology: Scripture

(NY Mag) Millennials’ Parents Can’t Stop Meddling. How Big a Problem Is That?

Here, roughly, is what we know so far about today’s middle-class children: They seldom walk or bike to school, as generations did before them; they rarely work steady after-school jobs (their new work is strictly of the academic and extracurricular variety, one that doesn’t involve a wage); their time is rigidly structured (play dates, cello lessons, summer internships); their mothers spend more time with them than mothers did with their children in the 1960s, even though most women in the 1960s didn’t work.

When confronted with these facts, it is therefore reasonable to ask: What effect does all this involvement and insulation and scrupulous (some might call it psychoneurotic) programming have on our kids? Is it compromising their resilience in some way, or the firmness of their convictions, or their self-efficacy? Are the very things we view as horizon-stretching in fact resulting in a more circumscribed life?

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Posted in * Culture-Watch, * Economics, Politics, Anthropology, Children, Economy, Ethics / Moral Theology, Health & Medicine, History, Labor/Labor Unions/Labor Market, Marriage & Family, Pastoral Theology, Psychology, Science & Technology, Theology, Young Adults

(NC Register) 3 Ways America’s Work Ethic is Destroying Families

“All work and no play makes Jack a dull boy.”

This proverb does not have much resonance with Americans. In an age of numerous technological advances meant to save us time and energy, we find ourselves working more than ever. Instead of working fewer hours and taking more vacation, we have freely chosen to do the opposite.

We live by the “American Dream” where anyone can achieve anything if we simply “work hard enough.” Often it means “pulling yourself up by your bootstraps” in order to realize your dreams.

While these maxims are not inherently bad, we have taken them to a new level and are working more and playing less. Unfortunately the family has been caught in the crossfire. As we continue to put emphasis on work and “getting ahead,” our families are quickly eroding and falling apart.

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Posted in * Culture-Watch, * Economics, Politics, * International News & Commentary, America/U.S.A., Anthropology, Children, Corporations/Corporate Life, Economy, Ethics / Moral Theology, Labor/Labor Unions/Labor Market, Marriage & Family, Theology