Real GDP growth in the last quarter of last year (2013Q4) was marked down from an annualized growth rate of 3.2% to 2.4%, as per revisions reported today by the Bureau of Economic Analysis. That also means that growth towards the end of the year was notably slower than that of the third quarter, which… Read more
I’m very much looking forward to participating in this forum at the Urban Institute on Monday, where I’ll be on a panel talking about the role of higher education in both the economy and the lives of the people in the economy. From the event website, here’s part of the motivation for the discussion: Despite… Read more
These troubled fiscal times are characterized by a few big problems: –too much fiscal drag from misplaced emphasis on deficit reduction in what’s still a weak recovery (with said weakness intimately related to said fiscal drag); –cuts that are too deep in non-defense discretionary programs that invest in everything from upward mobility for disadvantage kids,… Read more
I couldn’t jam everything I’ve been thinking about these questions about technology, work and wages into a single piece, so just a few (tantalizing) bullet points on other dimensions of what I think is a fascinating line of inquiry. –A lot of how people think about these issues is impressionistic, based on amazing advances in… Read more
Holding forth on the question of rising technological unemployment, over at the NYT Economix blog.