Business administration education and career news for students and professionals.
A group of leading economists, including seven Nobel laureates, have joined the effort to raise the minimum wage to $10.10 an hour.
The Fair Minimum Wage Act – introduced by Rep. George Miller, D-California, and Sen. Tom Harkin, D-Iowa – would increase the minimum wage in a series of steps over three years. The current minimum wage is $7.25.
The fortunes of Bitcoin have risen and fallen, but lately more companies are beginning to accept the digital currency as payment.
Over the past weekend, social gaming company Zynga announced that it now accepts Bitcoin as a form of in-game payment.
The nation’s unemployment rate fell to 6.7% in December – but primarily because so many people dropped out of the workforce, according to numbers from the U.S. Bureau of Labor Statistics (BLS).
The 6.7% number is the lowest since October 2008. However, the BLS reported that 347,000 people stopped looking for work. The federal government only counts those who are looking for work but unable to find a job as the “unemployed.”
The American home market continued to offer low mortgage rates as home lenders await more news about how the Federal Reserve will handle fiscal policy going into 2014.
There also was anticipation about the unemployment report set to come out at the end of the first full week of January.
Employers added 238,000 jobs in December, the most since November 2012, according to payroll processing company ADP. The ADP data was released just two days before the U.S. Department of Labor releases unemployment figures for December and revised numbers for November.
Small businesses across the United States added 20,000 jobs in December, continuing an overall trend that started two years ago of more small business employers bringing in workers.
The total number of jobs added at small businesses since March 2010 stands at more than 555,000, according to numbers from the Intuit Small Business Employment and Revenue indexes.
As Colorado begins selling marijuana over the counter for recreational use, business students can learn a thing or two about that most basic economic rule: the law of supply and demand.
As the first sales got underway this month, observers have noted the price of marijuana has skyrocketed.
All three of Detroit’s “Big Three” automakers reported sales increases for 2013 over the previous, with some reporting their best numbers since last decade.
General Motors reported selling 2,786,078 vehicles, a 7% increase over 2012 sales. Ford reported an almost 11% increase, while Chrysler reported a 9% increase.
Two major indicators of stock market health – the Standard & Poor’s 500 stock index and the Dow Jones industrial average – ended 2013 with the highest gains since the end of last century.
The S&P 500 increased by 29.6% in 2013, the index’s best annual performance since 1997. The big jump added $3.75 trillion in market value, according to the New York Times. Meanwhile the Dow Jones jumped by 26.5%, the best performance since 1995.
A Stanford University professor has released a new book that investigates some of the possibilities that technology brings to the future of education.
Larry Cuban, a former high school social studies teacher and professor emeritus of education at Stanford, has released a book called, “Inside the Black Box of Classroom Practice: Change Without Reform in American Education.”
