$16 Then And Now

According to an inflation calculator, my $16 twenty years ago has the buying power of $25.70 today, a difference that my eight-year-old self would have viewed with the same reverence, and my current self would have probably turned into laundry quarters.

Amazon And The Seasonal Worker

I think the title of this Guardian article speaks for itself: Homeless and working for Amazon: the trap of the seasonal job cycle.

To be fair, Amazon is very upfront that they rely on a seasonal workforce, mostly because: Christmas.

Shopping For Homes Among The Undead

With “Are Foreclosed Homes the New Haunted Hauses?” Colin Dickey writes about zombie homes and uncanny real estate for the Paris Review Daily. It is so good.

Economists, Reporters Discuss the Most Important Economic Stories of 2013

Do I Need to Be Worried About The Default? Y/N

I’ve decided that we don’t need to be worried because it just feels better, not to be worried. Also, there is nothing we can do about it (besides yell at our elected officials to get it together). Just stay on our toes. Be agile. Retain flexibility.

Nancy Drew and the Case of the Terrible Economy

“Unless We Want a Revolution”

Meanwhile in the U.S.

Sorry Teens, No Jobs for You

A weak labor market is making it more difficult for teens to find jobs while low-wage work like retail and fast food is increasingly being taken by older Americans who are unable to find other work. I got my first job at the mall when I was 16 with no work experience besides some volunteer work here and there, and it’s unlikely that would happen today since employers prefer applicants with experience. Some economists also believe there may be a cultural shift occurring—teens just aren’t expected to work. Maybe, but it’s also true that some people who want those jobs just aren’t finding it, no matter how many jobs they apply to.

Burlington’s Economy After the Bridge Collapse

The value of infrastructure to a local economy can be found in the aftermath of last week’s bridge collapse in Burlington, Wash., where businesses are now struggling to find customers. Cars still go through the town, but the traffic is now so thick due to detours that few people want to stop.