Employers benefit from lower overhead, greater productivity, and heightened morale from a labor force that no longer sees work as a mere place to go, but as an integral part of a life lived on their terms.
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The current situation is far different, with unemployment falling because of a declining labor force participation rate and a decline in the size of that labor force.
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Now, I can understand that there are going to be limits to labor force participation within a population and that not everyone in a society is going to be physically or mentally able to work, but still, if there are no jobs and no work, what are people doing?
That is why a recent Department of Labor proposal that would force startup companies to choose between revealing private commercial information and hiring skilled workers is troubling.
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We have a whole chapter on strengthening the American labor force, because that's where we certainly talk about, certainly in terms of this recession, the degree to which different demographic groups -- young people, blacks and African Americans -- all that have seen higher unemployment rates relative to the average.
But what about those high-tech industries that demand a highly educated and skilled labor force?
National economic and labor force data consistently affirms that those with a college education earn more than those without it, and that the more higher education attained, means even more lifetime earnings.
This new quantitative data about this labor force suggest not only that independent workers are a larger-than-expected market, but also that members are more satisfied with their lifestyle choice and actively seeking to remain independent.
The main conclusion from this demographic work is that, barring a new increase in female labor force participation or a significant increase in the growth rate of the population, these demographic factors point towards a further decline in trend growth of employment and hours in the coming decades.
While the private sector is adding jobs at a pace that at least satisfies most economists, the public labor force is in pain.
Today, the masons train apprentices, and the project has resulted in hundreds of dwellings that have been built by a qualified, local labor force.
Yes, China still has cheap labor, but not mentioned in the article are the generally accepted projections that the labor force will level off in a half decade and then shrink.
That is a far cry from 1933 when 25% of the labor force was unemployed.
The United States used to be very much an agrarian society, yet Saylor writes that agriculture workers as a percentage of the U.S. labor force today are less than 1%.
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It is a pipe dream to think that manufacturing jobs will come back to the USA. Our labor force is simply too expensive (and really too skilled) to produce high-volume, low-end (genericized) items.
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The crucial lesson to be learned is that our economic growth depends on a combination of technology change and the expansion of the labor force.
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Shirley Phillips, the recent president of the Travel Federation of Iowa, which lobbies on behalf of tourism firms and sits on the task force, said a post-Labor Day start helps firms, such as campgrounds and aquatic centers, that thrive in summer.
Things may even be looking up: new government data on Monday showed a larger than expected jump in German exports last month, lending support to the notion that a recovery in world trade is already helping revive the country's economy and labor force.
The first, from a team of three Australian researchers, looks at the impact that the price of child care has on female labor force participation.
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With the same labor force participation as on Inauguration Day in January, 2009 (which would be closer to a real recovery), that would require 5.5 million new jobs just to keep up with the aforementioned population growth.
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