(Dan here….Corrected code to fit the format and reposted) by New Deal Democrat HEADLINES: +261,000 jobs added U3 unemployment rate down -0.1% from 4.2% to 4.1% U6 underemployment rate down -0.3 from 8.2% to7.9% Here are the headlines on wages and the chronic heightened underemployment: Wages and participation rates Not in Labor Force, but Want […]
by Joseph Joyce 2017 Globie: “Grave New World” Once a year I choose a book that deals with an aspect of globalization in an interesting and illuminating way, and bestow on it the “prize” of the Globalization Book of the Year (known as the “Globie”). The prize is strictly honorific—no check is attached! But I […]
(/Dan here…lifted from Robert’s Stochastic Thoughts) The Long Run and International Economics I am still thinking about Krugman and the Gravelle GeardownDo click the link if you are interested in understanding what I am typing about. Very briefly the question is: what effect would cutting the tax on profits have on the _US capital stock ? […]
(Dan here..lifted from 2010 Angry Bear postings and still centrally relevant. More to be posted) A Proposed Bet for Professors Bryan Caplan and David R. Henderson by Mike Kimel A Proposed Bet for Professors Bryan Caplan and David R. Henderson (and Anyone Else Who Believes Lower Taxes Generate Faster Economic Growth) Cross posted at the Presimetrics blog. Professors […]
by Hale Stewart (originally published at Bonddad blog) Labor Market Slack and Weak Wage Growth From the IMF’s latest World Economic Outlook: Sluggishness in core inflation in advanced economies—a surprise in view of stronger than expected activity—has coincided with slow transmission of declining unemployment rates into faster wage growth. Real wages in most large advanced […]
Vis New York Times Growth becomes the overriding motivation — something treasured for its own sake, not for anything it brings to the world. Facebook and Google can point to a greater utility that comes from being the central repository of all people, all information. However, such market dominance has obvious drawbacks, including the extreme […]