• Trump Administration’s Minimum Wage Conundrum

    President Trump’s New Economy Challenge (Part 17 of 20).   Most people perceive that minimum wage laws apply mainly to the 4.7 million fast-food industry workers.  This perception understates the serious consequences of a universal minimum wage to all businesses, the labor force and the U.S. economy.  If a $15/hour minimum wage was implemented today nation-wide for all able-bodied Americans who can work, 159 million citizens would qualify for the minimum wage threshold according to U.S. Census Bureau wage and ...
  • President Trump’s Income Opportunity Solution

    President Trump’s New Economy Challenge (Part 16 of 20).   As discussed in the previous article, the United States now has reached a point where only 14% (45 million) of Americans earn above average (mean) wages and 86% (274 million) of Americans report earnings below average or no wage at all.  No wonder why people are upset about income inequality.  The surest way to rectify U.S. wage and income inequalities is create income opportunities for willing souls who seek greater ...
  • President Trump’s Income Inequality Challenge

    President Trump’s New Economy Challenge (Part 15 of 20).  One of the significant challenges to President Trump, Labor Secretary Acosta and other members of the Trump Administration is dealing with the thorny issue of growing income inequality.  The influx of $17 trillion of federal stimuli and trillions of dollars’ worth foreign investment into the U.S. economy since the Great Recession has benefited the rich and decimated the middle class to a greater extent than most people realize.  The United States ...
  • Lawyer at Labor’s Helm

    President Trump’s New Economy Challenge (Part 14 of 20).   One might think that the U.S. Department of Labor (DoL) main purpose would be a forward-looking organization that positions the U.S. labor force for major disruptive trends like the emerging digital economy, the contingent workforce and the massive exodus of able-bodied workers.  Unfortunately, the opposite seems to be the case.  By its own admission, the DoL “fosters and promotes the welfare” of the America’s 140 million workers and enforces several hundred ...
  • Accelerating Workforce Automation

    President Trump’s New Economy Challenge (Part 13 of 20).  The Network Technology Revolution (NTR) is defined by Jobenomics as the “perfect storm” of next-generation network and digital technologies that will (1) transform economies, (2) revamp existing institutions, businesses, labor forces and governments, (3) institute new and different ideas, beliefs, behaviors and cultures, and (4) change the very nature of human endeavor and work.   While the NTR can create tens of millions of American jobs, it can also obsolete tens of ...
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