News
CNN Money | Private sector hiring slowest in 6 months
Private sector employers added just 130,000 jobs in October -- their lowest level of job growth since April, according to a report by payroll processor ADP. The pace of hiring has been slowing since June, but the government shutdown earlier this month appears to be a main reason for the sluggish hiring in October.
Blogs
Library of Economics | Do We Work Too Much?
A student sent me a link to this article claiming that we would be better off with a thirty-hour as opposed to forty-hour workweek. I'm sympathetic to the argument: I think a lot of us are on the wrong side of the effort-outcome Laffer Curve, and we probably would do better if we followed the old adage and worked "smarter, not harder." While it seems simple to wave a magic wand, say "make it so," and get the world we want, reality is a lot more complicated.
