Acquisition of human capital

Go south, young rube  May 6, 2017 – 10:52 pm

Illustration by Will Dendis

“So if you haven’t found a job yet, ” New York City Mayor Michael Bloomberg told this year’s graduating class at Cornell University last month, “you’re better off coming to the city than sitting on your parents’ couch.”

This siren call, sounded by big-city mayors evermore, has a particular poignancy this year. Bloomberg’s New York City, with an unemployment rate of 8.8 percent in April, as opposed to the state’s 8.1 per cent, is not exactly a bastion of full employment. And unemployment among city young people is comfortably in the double digits. The cost of living, meanwhile, is high and rising. Have you priced a New York City apartment recently?

All things being equal, however, the big cities are still the places to which educated young people flock. Why? Because that’s where the greatest number of good jobs are. “Young educated workers will change jobs numerous times over their careers, which makes living in a ‘thick’ labor market with diverse opportunities more appealing, ” writes Alan Berube in a recent paper for The Brookings Institution. “Living in a highly educated metro area boosts one’s own acquisition of human capital and earning power, and leads to better employment outcomes for workers across the educational spectrum.”

Source: Hudson Valley Business Review

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Read about why Japan entered China

Manchuria (Manchuko)...
the financial interconnection of the world is NOT a new thing. Wars are always about resources, and largely commodity acquisition.
All the labor in the world won't make a difference when things get militaristic and trade tarrifs and duties go up at the national boundary....immigration is cut, people deported, etc. etc.
I agree that US wages will come dow... is seen as an economic advantage, but it is more of a situation that capitalists can take advantage of. Capitalists are not Laborers, and even high paid laborers (doctors, lawyers, accountants, etc.) are NOT capitalists.
The era of large human armies being an advantage is gone. One nuclear weapon nullifies it (at a distance).
Owning the means of production is the game. Nothing else.

Lose money and still stupid investors will buy your stock

Go figure.
Despite the dot-com downturn, money-losing tech firms dominated the Bay Area's list of top-performing stocks during the past three months. Roughly two- thirds of the top 50 companies were unprofitable.
The stellar performers include:
-- Packeteer, up 313 percent -- the best performance of any local stock for the quarter. The Cupertino networking equipment firm los....25
Fusion Med Technologies Inc. 10.00 229.90
Xicor Inc. 11.07 210.74
Saba Software Inc. 16.41 205.30
Docent Inc. 10.00 201.89
Intuitive Surgical Inc. 13.51 177.13
Stanford Microdevices Inc. 16.90 166.40
Foundry Networks Inc. 19.98 166.40
Rigel Pharmaceuticals Inc. 8.50 142.86
Source: Davis Skaggs Investment Management
Chronicle Graphic

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Related posts:

  1. Valuating human capital
  2. Evaluation of human capital
  3. Acquisition of intangibles
  4. Acquisition of relational capital
  5. Acquisition of customer capital