Brooke Fox in New York and Steven Bernard in London Financial Times
Economists look back to the Great Depression for clues on the scale of the economic crisis.
Behind Friday’s grim unemployment rate of 14.7 per cent is an even crueler number: there were 42.9m people who were unemployed or underemployed in the US in April, versus 14.8m at the same time last year.
The lowest official observation for the statistic was 54.9 per cent in 1949, when women comprised less than a third of the labour force. The fact that they now make up half makes the drop even more shocking, said Richard Freeman, Herbert Ascherman Chair in Economics at Harvard University.... Read more about Few precedents for grim US jobless numbers
Uber drivers launched a worldwide strike days before the ride sharing giant’s IPO. Drivers went on strike to demand transparency and a living wage. All workers want a living wage, but there is something more that organizations can learn from these drivers and other gig economy workers. The uber drivers choose to remain in the gig economy, even though a traditional job might offer better pay and benefits, because they have control over their time. In fact, they value the ability to pick up a kid from school, be there for a sick...
For science to solve some of the world’s greatest challenges in improving human health, protecting the environment and ensuring national security, scientific research should be transparent and collaborative.
In the U.S., the openness in which scientists conduct their work mirrors the openness of the American society. This transparent environment attracts top talent from around the world.
Furthermore, the talent of diverse scientists working in the U.S. fosters meaningful collaboration.
“It’s a great thing when people from overseas want to come and work with Americans because they feel we have an extremely positive scientific culture,” said Richard Freeman, an economist at Harvard University who has studied the impact of collaboration on research. “You have people from so many different backgrounds and from so many countries — I think that has contributed to the strength of American science.”... Read more about How Science Works in the U.S.
The study, published by Qingnan Xie of Nanjing University and Richard Freeman of NBER, argues that the world has been underestimating China’s contribution to science. So far, the way country-level contributions are measured is based on how many scientific papers have authors with an address in a particular country. But the new study argues that using addresses does not account for cases in which, for instance, Chinese researchers author a paper while working at a US university.
Correcting for those sorts of mistakes, the authors find that Chinese researchers now publish more scientific papers than others. Roughly one in four scientific papers published has an author with a Chinese name or address. If Chinese-language papers are included, then the figure jumps up to 37%. By comparison, China contributes around 15% to global GDP.
Vivek Wadhwa has been named a Distinguished Fellow with the Labor and Worklife program at Harvard Law School “to help with what I consider to be the most important research project of our times: to understand the impact of technology on jobs and develop policies to mitigate the dangers.”
Thirty-six distinguished economists and professors of law and economics including three Nobel laureates, two recipients of the American Economic Association’s prestigious John Bates Clark Medal, and two past presidents of the American Economic Association filed an amici curiae brief to assist the Supreme Court in understanding the free-rider problem at issue in Janus v. AFSCME.
Richard B. Freeman, who holds the Herbert Ascherman Chair in Economics at Harvard University, and is currently serving as Faculty co-Director of the Labor and Worklife Program at the Harvard Law School, was on of the 36 signers.
Richard Freeman was rferenced in article about veterinary personnel looking to organize. it’s about more than wages, Hughston said. “We’re talking about things like work/life balance, like respecting professional boundaries, like making sure we have safe procedures and protocols in place, that we have safe levels of staffing,” she said.
In what is a coup for Emerald Publishing, the newly launched Journal of Participation and Employee Ownership (JPEO) will be edited by Richard B. Freeman, holder of the Herbert Ascherman Chair in Economics at Harvard University, and Takao Kato, W.S. Schupf Professor of Economics and Far Eastern Studies at Colgate University.
JPEO is the first leading forum for new economics of participation, economic analysis of new participatory work practices and shared capitalism. It is the only mainstream journal for rigorous research on shared capitalism, employee ownership, profit sharing, gainsharing, and broad-based stock option.
Richard Freeman, co-director of the Labor and Worklife Program at Harvard Law School, points out, "In 2002 the proportion of workers who said they would vote for a union rose above the proportion that said they would vote against a union for the first time in any national survey: a majority of nonunion workers now desire union representation in their workplace."
By ADAM CREIGHTON, Economics Correspondent The Australian
In the past humans have lost their jobs to improvements in technology. Professor Richard Freeman, Harvard and LWP, argues that “The main effect is not going to be on whether you have a job or not, but the quality of the jobs,”