Day 48 ----speaker ----speed 1.1’24 A new App Cloak is able to help you locate those people you do not want to meet, and alert you when they are nearby. 2.2’49 In US and western culture, personal happiness is one of the most important values in life. Reminder of happy is everywhere and it seems something wrong if you are not happy. However, it is not the case in some cultures. For example, in Iran people think happy, but not too happy, is the safest stage since being too happy might attract misfortune. In Japan, too happy might make others think you are selfish. So next time if you are not smiling, tell people there is nothing flawed. 3.1’57 Long-term jobless are far way from employers’ radars, thus their presence do not influence current labor market. Actually they do nothing to inflation and pay growth, and the Federal Reserve probably do nothing to help the long term jobless. Short term unemployment can roughly back to normal with some help. 4.1’21 Federal Reserve Chair is not buying the theory and is not going to write-off long term unemployment, claiming that they will back to workforce one day. However, Princeton scholars’ new paper indicated that long term unemployment exerts little pressure on economy, and three key point are summarized below. 5.2’09 1) What influences inflation is short term unemployment, and long term unemployment dose not matter if excluded from traditional equation. The relation between wage and unemployment works the same way. 2) The long term jobless hardly go back to job market, and data shows that only 11% return to work. Employers ignore the long term unemployed, and they are on the margins of job market and might lose interest of working. 3) The long term unemployed face similar situation whether in low or high joblessness. A stronger economy cannot help more. The job market is shrinking and Feb is able to do little to change the situation. -----obstacle Paul Ryan’s remarks about cultural factors in persisting poverty are shrilling, which demonstrate little liberals have learned about poverty in the past 49 years. He blamed cultural problem and racism as reasons for poverty. In 1965, there were 23% black children born to single women while only 3% white children. 49 years later, 41% American children born out of wedlock. Obviously, family is the primary transmitter of social capital, and thus family disintegration is the primary cause of intergenerational transmission of poverty. In the 1960s, there began a social regression driven by explosive growth of children in single-parent families. And the broken correlation of improvements in employment and decreased welfare was frightening. Policymakers thought the decisive factors are economic, while they are cultural—family structure-- which was out of their control. |