Labor Fallacy News Today

The WSJ and NYT published articles on the same topic: older Americans not selling their homes. One article left much to be desired, while the other was a model to follow.

Youre early 20s and immersed in your first job. Your manager recognizes your contributions regularly. When an opportunity for promotion comes up, you waver. But why?

Youre early 20s and immersed in your first job. Your manager recognizes your contributions regularly. When an opportunity for promotion comes up, you waver. But why?

BBC veteran Ed Butler, hosts the three-part podcast series on workplace ageism, highlighting a phenomenon that–given its size and ubiquity–is remarkably brushed aside. 

Technological advances are reducing the demand for human labor in routine jobs and increasing demand in non-routine jobs.

Dont receive it so they dont understand how to file for it and the massive timing of payment issues because if your car breaks down now and youre going to get a tax refund next spring it doesnt help you get to work. so i would never do anything to leave americans worse off. we have to build a foundation that elevates us all and starts to move us forward in the 21st century because were going through the greatest economic transformation in our countrys history right now. >> lets talk about that. ...

Living and this wonderful technology might be great are if the economy and will put three million people out of work. >> its a real issue. heres multiple things. on the practical side, lets say lets not fall complete victim to the lump of labor fallacy. >> being lots of new work and new jobs and new industries in the spring. >> thats one. having said it abstractly, lets go to work on this disproving the labor fallacy and said heem had people jobs and can we have an economy where there is a lot o...

Truck for a living and this wonderful technology might be great for the economy in some abstract sense but is going to put 3 million people out of work. >> i think its a real issue. so heres multiple things. one is on the practical side, i would say lets not fall complete victim to this lump of labor fallacy. >> being -- what youre saying is theres actually lots of new work and new jobs and new industries that will spring up. >> thats right. so thats, you know, having said it abstractly, then le...

Of 700,000 u.s. jobs. it would result in a 700,000 job stimulus for american workers. this would amount to nearly 30,000 new u.s. job openings for american workers every month once the program is officially phased out. it reads well, katherine, but the economy is a very dynamic thing. thats not really a good reflection of how jobs work in america. >> not at all. they refer to this as the lump of labor fallacy. the idea theres a fixed amount of work and you can spread it over fewer people or more...