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January 28, 2014

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Posted: 28 Jan 2014 12:03 AM PST

'Obama’s Plan to End Discrimination Against the Long-term Unemployed'

Posted: 27 Jan 2014 02:31 PM PST

Do you think this will work? I have my doubts:

Obama's Plan to End Discrimination Against the Long-term Unemployed, by Jonathan Chait: In his State of the Union address tomorrow night, President Obama will announce that some of the largest firms in the United States have signed a pledge not to discriminate in hiring against the long-term unemployed, reports The Wall Street Journal. ...
Employers are simply using long-term unemployment as a heuristic, to weed out what they see as the weakest candidates. But this shortcut traps the unemployed in a cycle they cannot escape: The longer they're unemployed, the progressively harder it becomes to acquire a job. ...
What Obama is trying to do in the State of the Union speech is to create a new kind of social norm in hiring. He's arguing that employers should not let themselves use this kind of shortcut, and that more careful consideration can actually open up a wider pool of available talent. The administration has boiled down its recommendations to a series of best practices to avoid this form of discrimination.  ...
This isn't going to revolutionize the job market. And it's not as good as getting Congress to pass, say, a new infrastructure bill. But discrimination against the long-term unemployed is a kind of cultural problem in and of itself. And precisely, because it is a cultural problem, it's the sort of thing a high-profile speech combined with concerted jawboning with corporate leaders has a hope of actually changing.

Dreaming of a Better Gini

Posted: 27 Jan 2014 08:54 AM PST

At MoneyWatch:

How do we know if income inequality is getting worse? - Mark Thoma

I guess the editors didn't like my Dream of Gini title.

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