UPS needs seasonal workers but Georgia gets dinged by a think tank for poor working conditions. – Augusta Business Daily Business Update by Mike Petchenik.
Dr. Rick Franza, Dean of the Hull College of Business, discusses a different, timely business topic each Monday in this column. This week, he talks about the economy and what’s driving the financial markets. The interview has been edited for clarity and impact. ABD: We’re hearing some economic news that usually indicates strength but the financial markets are reacting as if things are bad. What is causing this disconnect? Rick: There are always some differences between the economy and the markets. Part of that is in the economy we
The Augusta Labor Market Index (LMI) increased 0.2 percent in July from June. It now stands 1.5 percent higher than in July 2021. In the last month, improvements were seen in employment, unemployment, earnings and hours worked. Only the labor force declined, by 700 people. The biggest improvement was seen in average weekly wages which increased 9.8 percent from a year earlier, enough to compensate for higher inflation. This is a sharp turnaround from 2021 when earnings were falling in the local area. Workers have been able to demand higher
Georgia ranks high in places to do business and a big roofing company opens a plant in Valdosta. – Augusta Business Daily Business Update by Mike Petchenik.
Dr. Rick Franza, Dean of the Hull College of Business, discusses a different, timely business topic each Monday in this column. This week, he talks about student loans, debt, and loan forgiveness. The interview has been edited for clarity and impact. ABD: We’re hearing a lot about student loans these days. Are student loans to pay for college a good idea or a bad idea? Rick: They can be both. I think that student loans as part of a portfolio, and as a means to pay for education, are
In England, you cannot advertise prescription-only medicine to the general public via TV or print advertising. Since the 1990’s, drug manufacturers can market their products direct to consumers in the U.S. Depending on your demographic, they may be all you see in commercials! A recent article in the American Economic Journal: Microeconomics by Bradly Shapiro examined the pros and cons of these different levels of regulation. The main argument for the English position is that nothing should get in the way of the patient-doctor relationship and decision-making. Some argue that
One industry in the Peach State watching our money maybe making the most money. Plus, ABD Atlanta Bureau Chief, Mike Petchenik says unionized UPS workers want to know what Carol can do for them!
The average weekly earnings in the Augusta Metropolitan Statistical Area (MSA) in 2021 was $898. In Atlanta, it was $1,070 and just $682 in Hinesville (see the first chart). In fact, there is quite a clear relationship between the size of MSA, as measured by population, and average weekly earnings (see the second chart). The line of best fit is clearly upward sloping, showing the positive relationship between population and earnings. Why do workers earn more in larger cities than their colleagues in smaller ones? A new paper by Theodore
How much is a college degree worth? According to the University System of Georgia, the answer is more than $1 million if you work in the state of Georgia. According to a study conducted by the Selig Center for Economic Growth at the University of Georgia, a person graduating from a college in the University System of Georgia in 2021 can expect to earn $2.55 million over the course of a career. A person with only a high school diploma is expected to earn $1.4 million during the same period.
Shipping container giant relocates headquarters to Georgia and Coca-Cola makes history with new CEO – Augusta Business Daily Business Update by Mike Petchenik.
