In the words of that great Ph.D. of New Orleans funk, Dr. John, “Refried confusion is making itself clear” in this NYT piece about the impact of automation on manufacturing employment. The piece makes the common claim that robots are wiping out jobs in the sector, but if there was any evidence in there, I… Read more
Over the holidays, I had a hand in a few pieces folks here might find engaging. The Atlantic asked a number of folks from different fields to briefly hold forth on developments that gave us hope and despair re economic fairness. My take was top-down despair and bottom-up hope. The International Economy ran a forum… Read more
Ben Spielberg and I choose 12 charts that we think make important points re economic policy in 2015 from CBPP, OTE, and a few other places. Check ‘em out over at WaPo.
The US economy is posting solid numbers in important places: GDP is consistently growing around a trend of slightly north of 2 percent, we’re adding around 200,000 jobs per month, which is more than enough to put downward pressure on the remaining slack in the job market. It’s true that wage growth and especially inflation… Read more
Over at WaPo. The wage part of the story I show, lifted from a piece in WSJ about Lincoln, NE, where unemployment is 2.3%, is a familiar one, though the magnitude of the growth rate is pretty striking. But the productivity part is, of course, trickier (“of course” because I don’t think economists really know… Read more