Raising minimum wage would ease poverty but cost some jobs

CNNMoney: Raising the federal minimum wage would boost the incomes of most low-wage workers but result in job loss for some, according to an analysis released Tuesday. The Congressional Budget Office estimates that gradually raising the minimum wage to $10.10 an hour would reduce total employment by about 500,000 workers, or 0.3 percent of the workforce. The CBO also said there is a good chance the job loss could be much less -- or could reach as high as 1 million jobs.

 

Worsening U.S. divorce rate points to improving economy

Bloomberg: The number of Americans getting divorced rose for the third year in a row to about 2.4 million in 2012, after plunging in the 18-month recession ended June 2009, according to U.S. Census Bureau data. Whatever the social and emotional impact, the broad economic effects of the increase are clear: It is contributing to the formation of new households, boosting demand for housing, appliances and furnishings and spurring the economy.

 

Women and foreign-educated executives enter top ranks - study 

The New York Times: The face of corporate America is gradually being remade as women and professionals educated abroad enter into the top ranks of the largest corporations, according to a study in the latest Harvard Business Review. Although senior executive ranks remain dominated by men, women now occupy nearly 18 percent of the top slots at Fortune 100 companies, according to the article, "Who's Got Those Top Jobs," which examined the career trajectories, education levels and diversity among the 1,000 top-tier executives in 2011.