Recently, a number of economists and commentators have suggested that faster productivity growth would be a big way to boost the income of middle-class households. I’m all for faster productivity growth, though I’d argue no one knows how to reliably make it happen. But given the wedge of inequality between productivity and low and middle… Read more
Like any good parent, I equally adore all of the papers written for our most recent full employment event. In this post over at PostEverything, I (with help from Ben Spielberg) summarize the findings from Valerie Wilson’s excellent paper on the disproportionate benefits of tight labor markets to African-American workers. The stuff about unemployment ratios… Read more
Over at PostEverything. As I say in the piece, I can’t get through a presentation of this material without someone asking the completely reasonable question: what makes you think any of this stuff has a snowball’s chance of Congressional support? One could argue: well, the pendulum will swing back and we need to have a… Read more
I respond to Megan McArdle…it would appear that we have different reference points for evaluating living standards and even liberty!