The idea that advanced-economy globalization has fostered inequality is a common theme these days, but we may be spending too much time focusing on the lower end of the income scale, new research suggests. While low- and middle-skill jobs shifted overseas, hurting pay at the bottom, interconnected trade networks have also pushed up income at the very top of the scale, a new paper by University of Colorado Boulder economist Wolfgang Keller and Williams College's William Olney finds.
Employers really like fast-track courses on computer coding, as it turns out. About 72 percent of employers think coding bootcamp graduates are "just as prepared" to be high-performers as those with a four-year degree, according to a survey by job-listings website Indeed of more than 1,000 human resources managers and technical recruiters. About 80 percent have hired a coding bootcamp graduate for a tech role, with the vast majority of those saying they would do it again.
WASHINGTON The Federal Reserve's monetary stimulus is helping the U.S. economy recover but the central bank needs to see further signs of traction before taking its foot off the gas pedal, Fed Chairman Ben Bernanke said on Wednesday.A decision to scale back the $85 billion in bonds the Fed is buying each month could come at one of the central bank's "next few meetings" if the economy looked set to maintain momentum, Bernanke told Congress.But minutes from the Fed's most recent meeting...