Archive for the ‘Jobs’ Category

Two up-to-date pictures of labor market slack

September 1st, 2015

[by JB and Ben Spielberg] Earlier today, Jared wrote: “Look at the employment ratio; look at Andy Levin’s all-in slack measure (I’ll post something on this later)—they’re still signaling a job market that is unquestionably improving but is still far from full employment.” In this post, we briefly explain some of the evidence that there’s… Read more

Pressures on the Fed

September 1st, 2015

There are so many interesting threads in this Bin Appelbaum piece about the various pressures on the Fed right now, I’m not sure where to start! Re their interest rate liftoff, there’s a lot of angst around what’s likely to be a tiny move—25 basis points. Whussup with that? Economist Alan Blinder, a former Fed… Read more

Minimum wages and capital/labor substitution

August 17th, 2015

Two arguments have collided in recent months. #1: the pace at which robots are placing workers is accelerating; #2: the historically large minimum wages increases being proposed and implemented in various places will have the unintended consequence of hurting the job prospects of those the increase is meant to help. Put these together, and you… Read more