Posted on January 1, 2017

4 Nations Are Winning the Global War for Talent: U.S., U.K., Canada, and Austalia

via EconomicPolicyJournal.  Originally appeared in the WSJ.

The United States does attract the best and the brightest.

The world’s highly skilled immigrants are increasingly living in just four nations: the U.S., U.K., Canada and Australia, according to new World Bank research paper, Global Talent Flows by Sari Pekkala Kerr, William Kerr, Çaǧlar Özden, Christopher Parsons.

“The high-skilled members of the next generation appear to be less tied to any particular location or national identity, but instead have mentalities and connections that are much more global in nature,” according to the paper.

While the share of the world’s population living outside their birth country has hovered around 3% since the 1960s, the highly-skilled component—defined as workers with at least one year of tertiary education—has risen more than three times as fast as the number of low-skilled immigrant workers. And China, India and Philippines have edged out the U.K. as the biggest supplier.

Despite efforts of non-English-speaking nations to attract high quality workers, almost 75% of the total OECD highly skilled workforce in 2010 lived in the four main Anglo-Saxon countries—almost 40% in the U.S. alone. Around 70% of engineers in Silicon Valley and 60% of doctors in Perth, Australia, were foreign-born in 2010.

“The U.S. has received an enormous net surplus of inventors from abroad, while China and India have been major source countries,” the study noted. In the last third of the 20th century, for instance, immigrants won 31% of all Nobel prizes—of whom more than half of these were at U.S. institutions.


Posted on Monday, January 2, 2017

Job Prospects for Older Workers Are Looking Good . . . Really Good

There’s a stereotypical view of job opportunities for older workers, and it’s not pretty.

It goes something like this. If you’re past 50 and thinking of a career switch, forget it. The opportunities for older workers in the new economy are pretty much nonexistent. And you’re in even worse shape if you’re in your 50s or 60s and retired but want to get back into the workforce in a job that is both challenging and financially rewarding. The only spots available are low-skilled and low-paying—whether that’s burger flipper, Wal-Mart greeter or Uber driver.

Boy, have a lot of people have been misinformed.

The numbers make it clear that the nightmare scenario simply isn’t true. The 55-and-older crowd is now the only age group with a rising labor-force participation rate, even as age discrimination remains a problem for many older job seekers. Workers age 50 or older now comprise 33.4% of the U.S. labor force, up from 25% in 2002. And more than 60% of workers age 65 or older now hold full-time positions, up from 44% in 1995.

That was hopeful.  Keep reading . . . .


Posted on Tuesday,  January 3, 2017

Majority of 2014 Workers in America: Truck Drivers

In 29 states truck drivers made up the majority of full-time working adults in 2014, NPR found. The trucking industry, it seems, is immune to the effects of globalization and automation — two trends that have sent blue-collar jobs in the U.S. spiraling toward extinction over the last four decades.

Keep reading . . . 

Posted Monday, January 16, 2017

Number of dentists on the rise:

The Bureau of Labor Statistics predicts employment growth of 18 percent between 2014 and 2024, with 23,300 new openings.

A comfortable salary, low unemployment rate and agreeable work-life balance boost dentist to a top position on our list of Best Jobs.

The BLS observes the same growth and opportunities within this growth.

Growth like this will see a corresponding increase in management companies
“running the practice” allowing the dentists to treat patients without management


Posted Saturday, February 18, 2017

Oldsters in the economy are in high demand.

Posted on Wednesday, February 22, 2017

Gary North explains that “you have a moral obligation to leave behind more than you received when you were born.”