Jan. 19, 2017
Jed Kolko, chief economist at job site Indeed, used Census Bureau data to dissect the occupational, educational and geographical background of immigrants in the U.S. He shows the most recent arrivals—those who came to the U.S. in the past five years—gravitating to jobs as medical scientists, software developers, physical scientists and economists. By contrast, earlier immigrants were more likely to land in blue-collar jobs at beauty salons, on construction sites or operating sewing machines.
Jan. 5, 2017
By the numbers, China looks like it’s on the way to dominating the global electric car industry. But subsidies and inferior technology threaten to leave it behind the rest of the world despite the big numbers. Chinese electric passenger car sales rose by 50% in 2016 to more than 300,000 cars, according to China’s state-backed auto manufacturers association, overtaking the U.S. China is targeting more than 4 million electric cars on the road over the next four years. Outside China, about 260,000 electric cars were sold world-wide last year. With electric cars, China is running into a familiar problem. It can put up big numbers but quality is uneven and subsidies spur much of the production. Last year alone, China spent nearly $15 billion on electric cars and charging stations. The production numbers paint a misleading picture of the industry. China has mostly stuck with inferior, indigenous technology, leaving the market dominated by low-cost, low-range electric car models and inconsistent charging-station standards. Anecdotally, consumers complain of flimsy and tiny cars that wouldn’t pass crash tests and batteries quickly going bad. It isn’t surprising that the main buyers of electric vehicles have been taxi fleets and government entities.
Jan. 3, 2017
Executives have grown more optimistic about growth, in part anticipating that President-elect Donald Trump’s administration and Republican congressional majorities will bring regulatory rollbacks, corporate tax breaks and increased infrastructure spending.
Dec. 30, 2016
Minimum wages will increase in 20 states at the start of the year, a shift that will lift pay for millions of individuals and shed light on a long-running debate about whether mandated pay increases at the bottom do more harm or good for workers.
Dec. 14, 2016
Top officers of the largest U.S. pension fund want to lower their investment targets, a move that would trigger more pain for cash-strapped cities across California and set an increasingly cautious tone for those who manage retirement assets around the country.