jump to navigation

How’s that economy been doing? April 27, 2013

Posted by Erin Ptah in News Roundup.
Tags: ,
trackback

A recent study: The longer you’re unemployed, the less eager employees are to hire you. Goodie.

“Recently, Rand Ghayad ran a follow-up experiment, sending 4800 fictitious applications for 600 job openings. The applications differed by length of unemployment, how often they switched jobs, and experience. What he found was long term unemployment dramatically lowers your chance of a callback. In fact, long term unemployed with relevant experience were less likely to get called back than those that did not have relevant experience, but who had a shorter unemployment.”

“I would say between April and August I probably had 45 to 50 different meetings that I would just initiate on my own, asking someone, ‘Can we just go have coffee, or just go to lunch?’…from an Internet standpoint, I have filled out and put in resumes for about 380 to 390 positions….Interview-wise, I would say I’ve gone on maybe 40 interviews over the last 17 months…I learned, obviously, now, after 17 months, that it has not necessarily [been] easy to secure another position.

The minimum wage would be $16.50 an hour — $33,000 a year — if it had kept up with the growth of productivity since 1968.

“‘After nine months of ignored letters and legal threats, I filed an online complaint with the CFPB,’ writes Charles, referring to the agency’s mortgage complaint portal, which requires lenders and servicers to respond to each complaint within a given time frame. ‘I heard from Wells Fargo’s executive customer service office within 48 hours. Within three weeks, the lien was released. This saved us the trouble of filing a lawsuit, which would have been enormously costly and exhausting.'”

“One of the most surprising, and perhaps confounding, facts of charity in America is that the people who can least afford to give are the ones who donate the greatest percentage of their income. In 2011, the wealthiest Americans—those with earnings in the top 20 percent—contributed on average 1.3 percent of their income to charity. By comparison, Americans at the base of the income pyramid—those in the bottom 20 percent—donated 3.2 percent of their income.”

Each year, the government doles out tax breaks worth $1.1 trillion. That is more than the cost of Medicare and Medicaid combined. It is more than Social Security. It tops the defense budget, and it tops the budget for nondefense discretionary programs, which include most everything else.”

“But the big news here isn’t just about the politics of a Republican House speaker tacitly admitting they agree with a Democratic president. It is also about a bigger admission revealing the fact that the GOP’s fiscal alarmism is not merely some natural reaction to reality, but a calculated means to other ideological ends.

Advertisements

Comments»

No comments yet — be the first.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: