Monday, November 17, 2014

Does Increased Employee Happiness Result In Improved Worker Productivity?

There is empirical evidence linking employees’ wellbeing to their individual performance. For example, greater subjective wellbeing feeds through to individuals’ performance in the labour market (Judge et al. 2001, Lyubmirsky et al. 2005). There is also recent evidence of a causal link between increased wellbeing and improved worker productivity, at least in a laboratory experiment setting (Oswald et al. 2014). But the empirical evidence at the organisation level is extremely sparse.

Perhaps the most compelling evidence of a link comes from a survey of manufacturing in Finland, which found that mean workplace job satisfaction was independently associated with subsequent value-added per employee. A one point increase (on a six-point scale) in the average level of job satisfaction among workers at the plant increased the level of value-added per hour worked two years later by 3.6 percentage points, after controlling for other factors. This estimate rose to 9 percentage points in a two-stage estimation approach designed to account for unobserved establishment-level heterogeneity (Bockerman and Ilmakunnas 2012).

Saturday, November 15, 2014

Is It No Jobs Or No One Who Wants A Job?

Here's a chilling look into America’s work ethic: A new survey by the Pew Research Center found that 39% of people between 16 and 24 have no interest in working. At all.

By the Numbers

37 Percentage of all Americans age 16 and over who are neither employed or actively looking for work.

86 million Americans not in the work force who don’t want a job now.

29 Percentage of American men not in the labor force today who said they don’t want a job.

24 Percentage of US men outside the labor force in 2000 who said they didn’t want to work.

40 Percentage of American women not in the labor force today who said they’re not interested in being employed.

131,000 Unemployed people who are able to work, but didn’t look for a job during the past four weeks because of family responsibilities.

Source: Pew Research Center

Saturday, October 25, 2014

Five Reasons Americans Are Taking Less Vacation Than They Have In 40 Years

Americans taking fewest vacation days in four decades . . .

"Americans are work martyrs," says the U.S. Travel Association. "Tied to the office, they leave more and more paid time off unused each year, forfeiting their earned benefits and, in essence, work for free."

According to the study, in 2013 U.S. employees took an average of 16 days of vacation, compared with an average of 20.3 days as recently as 2000.

Why? Studies show there are five primary reasons.

You can read about them here:

Friday, October 24, 2014

Union demands send Japanese firm, jobs packing from California town

Another sad tale from California where the goal seems to become the "Detroit of the West." In short, the California city of Palmdale was ready to roll out the red carpet this summer when a Japanese company agreed to build a $60 million factory on a city-owned, vacant parcel on the southwest side of town -- but now the company is taking its project out of state and critics say union greed is to blame. And, they're right.

The story is here:

Saturday, October 04, 2014

September's "Great" Unemployment Number: More Smoke and Mirrors

On Friday, the Labor Department reported that the economy added 248,000 jobs in September, corrected slightly from the disappointing report in August. The unemployment rate edged lower, falling to 5.9%, but part of the drop in unemployment is due to 315,000 people leaving the labor force in September.

September job gains were slightly higher than economists had predicted. Consensus estimates were for the economy to gain about 215,000 jobs. Job growth in July and August was also revised upward. The September report returns the economy to the "new normal" of monthly job growth slightly above the 200k threshold. This level is important, as it allows the economy to merely keep up with population growth. The working population of the country grew by 217,000 people in September.

Wages were flat. Average hourly earnings were unchanged, while average weekly earnings dipped 0.1%. The number of hours worked each week was also flat. The lack of wage growth signals a continued weak job market, with little pressure on employers to raise wages to attract needed workers.

The economy continues to be stagnant, with job growth just keeping up with organic population growth. In our world of declining expectations, the Labor Department report is a "good" number. The unemployment rate did drop, but it's driven as much by people giving up the prospect of work as people finding good jobs.

Story at:

Saturday, September 06, 2014

Fast Food Employees Being Led Down The Path To Unemployment

"My heart goes out to all those fast food workers protesting for higher wages, but I'm sad to have to watch them experience the harsh lesson in real-world economics that's about to hit home. By taking to the streets and demanding $15 / hr. in wages, fast food workers are unintentionally making themselves economically obsolete. They are, in essence, guaranteeing their own unemployment.

"Sadly, few of the protesters realize this. Nor will they realize why they are being fired when that day soon arrives. Entry-level fast food workers, after all, tend to have relatively little knowledge of how business really works, where money comes from, where money goes and why no private sector business can stay in business for very long if its operating costs exceed its income.

"Fast food workers have a tough life. Getting by on anything less than $10 / hour is almost impossible these days. The relentless debasement of the U.S. currency by the Federal Reserve (the global banking cartel) has caused mass price inflation across the board, and that's why food costs more, housing costs more, cars costs more and clothing costs more. Even pursuing an education costs way more than it should these days, too.

"It's no wonder fast food workers are desperate to fight for higher wages, but the raw truth of the situation is that a $15 / hour wage mandate would simply cause many fast food companies to close their doors and go out of business. There's very little profit margin in the fast food industry, and businesses can't simply raise their menu prices because "low cost food" is the primary reason why people buy fast food in the first place.

Amnesty will wipe out low-end jobs for most Americans

"But the real kicker here is that President Obama is on the verge of legalizing about five million illegal immigrants via executive order. This is apparently supposed to happen after the election, at which point Obama will sign a piece of paper and announce citizenship for five million immigrants who are currently in the country illegally.

"This creates five million new legal workers who won't demand $15 / hour. These previously-illegal workers have been toiling away at maybe $6 an hour, and they'll be thrilled to take on a legal job at $8 / hour in fast food, especially when they now get some employee benefits as part of the deal.

"What we are about to witness is a massive wave of worker displacement where newly-legalized workers will sweep in and take all the low-paying jobs currently held by the very same American fast food workers who currently believe they can protest in the streets and command $15 / hour.

"Ain't gonna happen, folks. Because even if these workers do manage to convince local politicians to pass $15 / hour wage rules, all this does is accelerate the fast food industry's transition to automated robot workers.

Robotics will also replace low-end workers

"Here's a robot that can prepare 360 hamburgers per hour all by itself . Notably, this hamburger-prepping robot:

• Don't belong to any unions
• Doesn't complain about working overtime
• Never smokes weed during its break
• Doesn't spit in the customer's food
• Doesn't sue its employer for on-the-job injuries
• Never protests for higher wages
• Doesn't need time off for vacations
• Never steals food from the company
• Doesn't sexually harass the female workers

"As a result, from the point of view of the fast food industry, a robot is the perfect worker.

Fast food companies to replace human workers with robot workers

"Our device isn't meant to make employees more efficient," said Alexandros Vardakostas, co-founder of the robot manufacturer in the article linked above. "It's meant to completely obviate them."

"Workers' push for $15 / hour in wages only accelerates the industry's rush to robotics automation. Even if this robot costs $100,000, the return on investment for the corporation is less than three years.

This article comes from Natural News. The original can be found here: From:

Sources for this story include:

Thursday, September 04, 2014

Minimum Wage = Compulsory Unemployment

The protesters, part of the “Fight for $15” campaign organized by the Service Employees International Union (SEIU) and others, engaged in civil disobedience by blocking traffic. They were encouraged by Obama, who is, according to The Washington Post, “in Fight for $15′s corner.”

“All across the country right now there’s a national movement going on made up of fast-food workers organizing to lift wages so they can provide for their families with pride and dignity,” the president said on Labor Day. Obama said if he “wanted an honest day’s pay for an honest day’s work, I’d join a union.”

SEIU and other labor unions make up a large percentage of Obama’s political base and weigh heavily on gubernatorial contests in Wisconsin, Florida, Pennsylvania, Maine and Michigan.

The Fight for $15 movement began in Chicago and is targeting fast food restaurants in over 100 cities across the country.

Fast food businesses argue that if the government more than doubles the minimum wage, it will result in massive job losses.

“There would be very large unemployment effects from such a raise meaning that many people would simply lose their jobs,” argue Tom Worstall for Forbes.

The restaurant industry is a low profit venture despite the record profits of parent corporations like McDonald’s, which owns only 11% of its restaurants. Capital IQ reports the average profit margin for fast food franchises is just 2.4%, down from 3.2% in 2009. Other restaurants, like Ruby Tuesday and Boston Market, lost money over the last year.

“And if you haven’t driven past a Bennigan’s or TCBY lately, that’s because the restaurant business is notoriously difficult, with chains and individual stores failing all the time,” writes Rick Newman.

The failure and, ultimately, unemployment is enforced by the federal government.

“In truth, there is only one way to regard a minimum wage law: it is compulsory unemployment, period,” writes Murray Rothbard. “The law says: it is illegal, and therefore criminal, for anyone to hire anyone else below the level of X dollars an hour. This means, plainly and simply, that a large number of free and voluntary wage contracts are now outlawed and hence that there will be a large amount of unemployment. Remember that the minimum wage law provides no jobs; it only outlaws them; and outlawed jobs are the inevitable result.”