“It's (not) the economy, stupid”: wasted opportunities (apologies to James Carville)

Abstract

PurposeTaking a broad review of the management and economics literature, the purpose of this paper is to examine how the recent “Great Recession” has had a disproportionate adverse impact on US labor markets and created social disruptions to professional workers experiencing persistent unemployment or underemployment.Design/methodology/approachSecondary data analysis shows how the recent recession has had a disproportionate impact on employment. Recognizing underemployment as a potentially persistent state, the authors delineate the extent and consequences of underemployment.FindingsAnalyses of unemployment and underemployment resulting from the recent recession suggest it has had a particularly severe detrimental impact on worker benefits, incomes and employment prospects for most US workers.Research limitations/implicationsSecondary data analysis is a major limitation but results justify a call for further research into the potential increase in the long‐term economic displacement of professional workers.Originality/valueThis paper is unique in applying economic and management constructs in an analysis of the origins, consequences and recommendations for decreasing the rising level of underemployment among professional US workers.

A Study to Investigate Technopreneurship Talent for Higher Education Students [Engineering, Agriculture Engineering, and Information Technology Students in Universitas Andalas Indonesia]

“…Assessment result show fairly good result, indicated by a score of 3.77 for engineering students, a score of 3.75 for information technology students, and a score of 3.70 for agriculture engineering students. Those result shows fairly good condition, where assessment result are in range of score 3 which represent "fair" evaluation and score 4 which represent "good" evaluation in 5 point Likert scale [1][2][3][4][5]. Result also shows that engineering student have relatively better technopreneur talent than information technology students and agriculture engineering students.…”

“…Both testing result show that all indicators used in three assessment steps and no indicators discarded The result of Step 1 shows that students from the three faculties have fairly good technopreneur indicators score. All indicators assessment have had score greater than 3, which represent "fair" evaluation in 5 point Likert scale [1][2][3][4][5]. Confidence indicators even get score higher than 4 which represent "good" evaluation for agriculture engineering and engineering students.…”

“…The result of criteria assessment illustrated that students have fairly good technopreneur criteria. This is demonstrated through assessment result all have score greater than 3 which represent "fair" evaluation in 5 point Likert scale [1][2][3][4][5]. Engineering students relatively more excel in entrepreneurship characteristics, absorptive capacity, and knowledge and learning skills criteria than other students.…”

“…This influence will be more apparent in times of economic crisis. The research result shows that in Great Recession Era, high unemployment rate became burden in American state budget [2]. The other social cost appear in form indirect health costs and illicit activities which can lead to increased feelings of insecurity caused by unemployment, especially in urban area [1].…”

“…The effect of unemployment can divided into two major categories: individual and social [2]. In individual level, the economic costs of unemployment are reduction of income level, social status, health, human resources capabilities.…”