Relevant and even prescient commentary on news, politics and the economy.

Health Care Reform and Caregivers Refusing Medicare Patients

Robert goes out on a limb and guesses that Lori Montgomery fell for (or is pushing) Republican spin in this article in the Washington PostReport: Bill would reduce senior careMedicare cuts approved by House may affect access to providers A plan to slash more than $500 billion from future Medicare spending — one of the […]

unemployment

Rdan After having received e-mails regarding Mark Thoma’s post on types of unemployment about who was included and excluded from the per centages, I thought a note on the relevance of the employment to population ratio to be worth repeating from comments on that post. Lifted from comments by run 75441 regarding “unemployment”here: …[D]id everyone […]

The Best Health Care System in the World

For the record, both my daughters were vaccinated today, under government supervision at no cost to us, in a procedure that took less than 10 minutes—including getting a five-year-old to take her coat off and, post shot, put it on again. Via Felix Salmon’s Twitter feed, without further comment. (cross-posted from Skippy the Bush Kangaroo)

The jobs of tomorrow…?

Rdan For the sake of argument, jobs in our future over the next few years or so appear to be in the health care industry and education. Jobs needing less education than a BA are among the fastest growing. Where are tomorrow’s jobs going to come from? The question is more urgent than ever, with […]

Employment Policy

Robert Waldmann Larry Summers, who is very very good at provoking debate, said “It may be desirable to have a given amount of work shared among more people. But that’s not as desirable as expanding the total amount of work.” Paul Krugman responds here True. But we are not, in fact, expanding the total amount […]

‘New Normal’ For Unemployment?

CBS Moneywatch now features Mark Thoma about 10 posts a month. Apropos Angry Bear exploration of “structural unemployment”, Mark writes on the topic of unemployment: The types of unemployment Economists define three types of unemployment: frictional, structural, and cyclical. Frictional unemployment is defined as the unemployment that occurs because of people moving or changing occupations. […]