Economics

How Americans work has changed drastically in the past few years and that has created a new term for both employers and employees – work-life integration. “‘Work-life balance’ is a dated term that is recognized by the older generations,” Melissa Furman, a leading Management Consultant and lecturer in the James M. Hull College of Business at Augusta University, said in a press release. “The younger generations are seeking ‘work-life integration’ and in some cases, view their jobs as ‘side hustles’ to support their career of life.” During the pandemic, many

The United States (and the Medcalfe household) is deeply divided over many hot topics of the day. For example, should toast be buttered warm or cold? (Correct answer: warm). Should toilet paper go over or under? (Is this really a question of debate – OVER!) In economics circles, there is a remarkable consensus among economists about a range of economic matters. A new survey of American Economic Association members (https://drive.google.com/file/d/1PSNIgpy37sbOBqQav4hqeokUyZZu1bQ0/view) found no consensus over just one out of 46 propositions. A strong consensus was seen in 15 of the propositions,

With the nation’s inflation rate at 8.5 percent – the highest since December 1981 – it’s no surprise that inflation is now the biggest concern of small businesses, topping even the labor shortage issue. According to the National Federation of Independent Businesses (NFIB), 31 percent of small business owners surveyed in March reported inflation as their top concern, a 5 percent increase from February. The labor shortage was the top concern for 22 percent of businesses. According to the survey, 72 percent of business owners reported having to raise prices

The longest-running, locally-owned pest control company in the CSRA is celebrating its 50th Anniversary with a party later in the month. A & R Exterminating is owned by the Isdell family and provides pest control, termite inspections/treatments, bed bug treatments, and wildlife inspections and exclusion. A&R Exterminating belongs to Georgia, South Carolina, and CSRA Pest Control Associations. Their party is from 12-2 pm at their headquarters on 2605 Peach Orchard Road in Augusta, including giveaways and refreshments.

The gender pay gap in the United States is about 19 percent, meaning women in full-time, year-round work earn 81 cents for every dollar men earn. In Georgia, the gap is slightly higher at 24.4 percent. The pay gap has decreased from about 40 percent in the 1950’s through the 1970’s. Much of this decline can be attributed to women gaining more education. At Augusta University, the student body is 64 percent female. Given the increase in educational attainment, human capital acquisition explains little of the continued pay gap. Another