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Tuesday, May 20, 2014

Employment

News                                                                                                                             
Bloomberg | Lower-Rung U.S. Workers Get Leg Up in Bankers' View
Life is looking up for Marco Ruiz, whose four months of unemployment ended in December when a landscaping company in Dallas hired him at $9.50 an hour, with small raises since then and a promotion two weeks ago.
WSJ | CFPB to Top Up Employees' Pay After Performance Disparities Found
The Consumer Financial Protection Bureau on Monday said it would distribute extra compensation to employees who received lower performance rankings after a review determined the regulator consistently gave higher performance rankings to whites, younger employees and higher-paid workers.

Blogs                                                                                                                             
WSJ | Modern Forms of Slavery Generate $150 Billion a Year in Profits for Exploiters
Millions of slaves and other forced laborers around the world are generating an estimated $150.2 billion a year in profits for their exploiters, according to a new report from the International Labour Organization.
Library of Economics | Tucker on the Young Unemployed
Consider: Why does any business hire an employee? It happens based on the belief that the business will make more money with the employee than without it. The business pays you, you do work, and, as a result, there are greater returns coming in than there would otherwise be.