[co-authored with Ben Spielberg] OTE readers know that in the quest for full employment, we pay a lot of attention to the extent of slack in the labor market (and btw, our next podcast episode will focus on this concept of labor market slack—what is it, how much is there, etc. We know…we can hardly wait,… Read more
…I’ve got three reasons why you should reconsider. Over at WaPo.
I wanted to add some quantitative analysis to my WaPo piece from yesterday, which argued for remembering the importance Dr. King’s “institutional” analysis, which gives a far greater role to power and systemic norms than your basic market-forces analysis. I noted that Dr. King became increasingly committed to full employment—the slide below is from the… Read more
[Emily Horton (research asst.) and Emma Sifre (budget intern) are colleagues of mine at CBPP. Just to mix things up a bit, I asked them to choose a figure from the new 2017 ERP and write a bit of text to go with it (I’m featuring figures from the ERP this week). I think they made… Read more
Someone asked me to post them, so here they are: First, just so this doesn’t get lost in the mix, let me say why I think these data are so important. After all, given that they’re for last year, they don’t exactly move markets. What’s the big deal? The big deal is that these Census… Read more