Most of us nowadays use Yelp, Urbanspoon, or something like those platforms to explore a restaurant. When browsing the Yelp website to find a good restaurant, I first filter out the neighborhoods and category, and then pick several restaurants based on star ratings, dollar signs, and number of reviews. Then I put a little extra … Continue reading
Author Archives: Rahee Jung
How To Fix the Skills Gap
In my previous blog, I discussed different ways to measure the skills gap. Main findings reveal that middle-skills jobs compromise the largest gap followed by high-skills jobs, and that soft-skills gap exists across the skill levels. Suppose we are able to find a consistent and quantifiable measurement to prove this. The next step would be … Continue reading
How To Measure the Skills Gap
In the United States, the number of unemployed and number of open jobs has remained above 6 million since June 2017. Most recently in September 2017, the United States had 6.8 million unemployed people while there were 6.2 million open jobs. Thus, it is evident that the current problem is not unemployment but a “broken … Continue reading
Economy / Fiscal policy / Tax / Taxes
Tax Cut-Implications for Behavioral Economics
Richard H. Thaler, professor of behavioral science and economics at the University of Chicago, won the Nobel Prize in Economic Sciences this year “for his contributions to behavioral economics.” This is a relatively new field that combines the idea of psychology and economics. Standard economic models assume that humans are rational actors. However, behavioral economists … Continue reading
Is the Skills Gap Real?
Is the Skills Gap Real? On July 28th, Labor Secretary R. Alexander Acosta announced in his blog that there are about 6 million open jobs in the U.S, and it is estimated that American companies are missing out on nearly USD 250 billion due to these unfilled jobs. This number is large compared to 6.9 … Continue reading
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