New NIESR research published today by the Department for Business Innovation and Skills highlights the importance of graduate skills to the UK economy. Looking across developed economies, we found that – as both economic theory and common sense would predict – countries which increased their share of graduates in the workforce saw labour productivity grow faster. For the UK, we estimate that roughly one-third of the increase in labour productivity between 1994 and 2005 can be attributed to the accumulation of graduate skills in the labour force. In other words, a substantial share of the UK’s economic growth over this period was driven by the expansion of higher education and the resulting increase in the proportion of workers who have a graduate-level qualification. Read full post by David Wilkinson here:
When it comes to creating jobs in these United States, there are no easy answers. We live in a Capitalist society, and as such, creating jobs really has nothing to do with anyone except those who own companies and just so happen to require a workforce. There will never be a government program that can create solid jobs for Americans, and any attempt to do so would be temporary. If we lived in North Korea, we could rely on the government to come up with momentary jobs for us that wouldn’t pay as well as an American would like, but because we don’t (and thank goodness we don’t) we have to think of other ways to do such a thing. The great thing about living in the present is that we’ve already faced problems like this in the past. When we look to history, we can learn from the mistakes of old instead of making the same mistakes. Continue reading
Tony Blair, the former prime minister, warned regarding Britain’s future in the European Union, that the country will face a risk if it edged toward leaving its regional alliance while power shifts to emerging economies. Speaking in London, Tony Blair argued about his country’s place in the bloc saying that the European Union was important because it helped Britain leverage its influence within a changed geopolitical landscape. Britons have not been enthusiastic about European integration but, lately, talks over Britain’s relationship with the European Union have geared up. Tony Blair was questioned by critics, telling his reliability at home had been dented by his interest in the Iraq attack, and because he had been active for euro membership, which has gone through a debt crisis.
The Economic Lowdown is a podcast series by the Economic Education department of the St. Louis Fed. The series covers topics in economics, banking and monetary policy. The brief videos use clear, simple language and graphic elements so that students can better visualize the economic concepts being presented. In the end, you will see how economic principles affect the choices made in everyday lives.
In this weak economy, when even large companies with billions in bank balance are struggling to maintain sales and profits, one can imagine the difficult situation faced by small businesses. It is hard to run a small business, and there’s always something new to do. Internet marketing is yet another thing to do, but if you make some time for internet marketing, you can do even better with your business. The internet provides a great place to sell your products to an audience larger than you will experience anywhere else. Following are 5 Internet Marketing Strategies that can increase visitors to your site and increase your sales. Continue reading