EU migration policy is economically short-sighted

By Edward Hadas
April 20, 2015

For many desperate and poor people, Europe is the nearest safe place to go to make a living. A sensible migration policy would recognise the region’s international appeal and manage the reality. But inward-looking politics make for bad economics and heighten the risks to life.

America: land of phantom job openings

November 7, 2014

At 4.8 mln, it’s the most positions free since January 2001. Yet the hiring rate keeps falling. The largest gap is in low-wage roles. Comparatively high unemployment for less-educated workers suggests a skills deficit isn’t the problem. Companies just aren’t adding personnel.

Wal-Mart can win leading the way on minimum wage

May 22, 2014

The mega-retailer’s labor costs would rise by $2 bln with a higher U.S. pay floor. But it also has more low-wage customers than employees, thus translating into a net gain in earnings, a Breakingviews analysis shows. Taking a stand on the issue could pay off for Wal-Mart.

Where the investment banking jobs may be in 2012

December 27, 2011

The industry is shrinking globally, but opportunities abound for enterprising financiers. Sovereign debt crises are forcing companies to hedge risk. Regional banks need consolidating. Private equity is awash in cash. And forex traders may have some new currencies to play with.

Investment banking dreams may die in 2012

January 3, 2012

Many firms cut jobs and slashed pay in 2011. But they’ll have to do more in the coming year to have any hope of boosting returns in the face of regulatory pressure and market headwinds. Smaller players like RBS, SocGen and Nomura may even conclude they’re better off quitting.

U.S. recovery now not jobless, only homeless

January 6, 2012

Despite the 200,000 new jobs last month and another drop in unemployment, job creation is still slower than in recent recoveries and looks a bit like the early 1960s. That’s partly because the weak housing market means few new construction jobs. Still, Obama can breathe easier.

Women are still winning the U.S. jobs game

January 9, 2012

They’ve nabbed only a fraction of the 1.4 mln roles added since mid-2009, new data show. But the post-crisis “Mancession” hurt XYers more. Men getting jobs back isn’t the same as women losing ground. They’re ahead, and should stay that way if education-related trends persist.

Apple ties Cook into Jobs’ boots – at a price

January 10, 2012

The maker of functional but expensive gadgets now has a $376 mln CEO retention plan to match. Tim Cook will get that if he’s around for a decade. He deserves much after standing in for Steve Jobs, and Apple needs continuity. But in future the board can pay Cook more like Jobs.

Improving U.S. jobs trend favors old over young

March 9, 2012

A solid 227,000 jobs were added in February, with upward revisions for past months. In the last five years, people aged 55 and over have gained 3.6 mln jobs, while younger workers have lost 7.6 mln. The incentives of shrunken savings and funny money are doubly harming the young.

Obama’s job creation hopes look fragile

May 4, 2012

The U.S. president can at last say he has overseen increased employment in the private sector. But the slowing pace of jobs growth and declining labor force participation could make for a tough sell in November’s elections. Obama will be hoping it’s a soft patch.