…increases, our total wealth increases more slowly. When that transfer is extreme, even in this growing economy the poorer people end up with lesswealth. (Note how the curves get steeper…

…the jobs report, which tabulates the net gain or loss of hiring over firing, the JOLTS report breaks the labor market down into openings, hirings, firings, quits, and total separations….

…quits, and total separations. Not only has hiring been flat for the last 10 months, but it was higher than today’s level in November 2015, January 2016, and January 2017….

…share of income goes to a small slice of households that own almost all the stuff. The labor and capital-share measures you commonly see start by measuring total labor compensation —…

…YoY total permits -0.5% m/m -6.0% YoY total starts -+1.5% m/m -2.9% YoY 3 month average of total starts +1.0% m/m +3.2% YoY     As usual, let’s start with…

…a resounding victory for Amazon: Billions of dollars in subsidies and binders full of detailed information on the contestants. Plus, we got a surprise twist at the end, when Amazon…

…and the population at the end of life (United States, 2011). Source. Total population and health care costs were obtained from 2011 Medical Expenditure Panel Survey data and adjusted to…

…output of the most productive 32 hours of work. Call the average output of the most productive 32 hours “one unit” of output. Total output for 40 hours work is…

…2007 as shown in the below graph(averaged quarterly through Q3): Here is the monthly data for the past five years:     As you can see, hires and total separations…

…COVID Tracking Project) ***Number of deaths: Total 20,355, up +1,867 day/day Rate: increase of 10% day/day vs. average of 14% in past week Number of tests: 153,514 down -9,255 day/day,…