Higher taxes on capital gains and dividends, abstracting from issues of equity and fairness, reduce real economic growth, cause weaker consumption and decreases in business capital spending, reduce employment, and labor force growth, and help bring about less potential output.
FORBES: The Horrific Accident Awaiting Us Over The Fiscal Cliff
In addition to empowering girls and women to get trained on technology in preparation for the jobs of the future, initiatives like this also help companies reach new levels of innovation with a more diverse labor force and promote growth of the global economy by filling unmet need for ICT-skilled workers.
FORBES: To Move Women Forward, Recognize That Things are Looking Up
Kahn finds that while women made huge gains into the labor force since the 1970s, that growth has actually all but flatlined since the 1990s.
FORBES: The U.S. Gets Left Behind When It Comes to Working Women
In fact, if you ask me what the level of employment will be five or 10 years from now, I would probably ignore demand factors and focus on supply factors such as the expected growth in the labor force due to demographics and factors affecting the labor force participation rate.
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.
The number was under the consensus estimate for 205, 000 jobs added, showing slightly weaker than expected growth in the U.S. labor force, but sustained momentum.
Younger and more heavily represented in the labor force, minorities are poised to become the primary source of entrepreneurial growth.
After a decade of turbo-charged growth, output will necessarily decelerate, as the labor force approaches full employment and inflation forces the hand of President Dilma Rousseff. (Read Brazil: A Bubble In Labor Markets?).
FORBES: A Soft Landing For Brazil As Output Slows And Growth Centers On Middle Class
People, most journalists included, just assumed that the large decline in the unemployment rate on weak employment growth was caused by discouraged workers dropping out of the labor force.
FORBES: What Ben Bernanke's Getting Right, And What He's Getting Wrong
Economists expected that Katrina would cut the nation's labor force by about 150, 000 jobs in September, but so far growth around the rest of the country appears to have offset most of the losses along the Gulf Coast.
One particularly distressing leading indicator of job growth is that the number of workers re-entering the labor force was negative in May.
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.
FORBES: Almost Every Age Group in the U.S. is Finding it Tough To Get a Job
Moreover, the growth of two-income households cannot be blamed for the relative contraction of the labor force.
FORBES: Jobs of the Future: Why the Political Class Should Read Michael Saylor's "The Mobile Wave"
Growth has been led by the tourist sector, which employs about 30% of the labor force and provides more than 70% of hard currency earnings, and by tuna fishing.
In contrast, 40 years from now Europe's economic growth rate is expected to fall 40%, due directly to the shrinking size of both its labor force and its internal market.
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