The reality is these are winner take most fields of endeavor, and the vast majority of hopefuls will earn a tiny piece of the long-tail of income distribution.
"...and it all began in 1971, when the US Supreme Court decided a case called Griggs vs. Duke Power Co. The subject was employment requirements... and The Left jumped all over it."
Despite multiple survey results sinking in recent weeks, it appears surging oil prices have sparked euphoria in the Dallas Fed region as their business survey just hit its highest level since 2005.
"The pension crisis is inching closer by the day... Cities point to possible insolvency if payments keep rising but CalPERS is near insolvency itself. It may be reform or bailout soon."
"We are a lot more worried that global growth might be peaking, that wage inflation is unlikely to be a threat, and that a highly indebted world is too fragile to be challenged by central bank balance sheet contraction in 2019."
"I show that if job polarization had not changed the composition of jobs in the labor market in the past two decades, 1.9 million more men would likely be employed in 2016..."
"Surely there are better places for the state to invest its public employee retirement money than in companies that make products that harm our children."
In addition to American Outdoors, the Florida Retirement System Pension Plan is also invested in gun company stockssuch as Sturm & Ruger, Vista Outdoor and Olin. All of these companies manufacture firearms or ammunition, including assault rifles.
UMich consumer confidence surged more than expected in February's preliminary data, as stock market gyrations were dominated by rising incomes, employment growth, and by net favorable perceptions of the tax reforms.
"If you were going to look for what’s the possible real crack in the financial architecture for the next crisis, rather than looking in the rearview mirror, pension funds would be on our list."
" To most, the tax cuts appear to be a clear success... However, some commentators claim that these announcements are not in line with economic theory. For wages to be affected by tax cuts takes an extended period of time..."
