My colleague Ben Spielberg made this neat scatterplot today in reference to a claim by Labor Secretary designee Andrew Puzder. Puzder claimed that a “government mandated restaurant recession” was caused by rising premiums in the Obamacare exchanges. The idea is that consumers, after paying for health coverage, didn’t have enough left to go out to… Read more
Over at the WaPo: Crazy, I know, but let’s not do another big, wasteful, regressive tax cut. In a similar vein, tax expenditures–credits, exemptions, deductions–are how we spend through the tax code. It’s a pretty hot mess and it’s likely to get hotter in the age of Trump. Over at TAP. [While you’re over at… Read more
–I continue to earnestly and ploddingly try to find the way back to Factville. Over at WaPo. –More on the seriously botched decision by a Texas judge to enjoin/block the new overtime rule that should have gone into effect a few days ago (Dec 1). Over at Vox. –Readers know my take on Trump’s Carrier… Read more
Payrolls were up 178,000 last month and the unemployment rate fell to a nine-year low of 4.6 percent, in yet another installment of solid, monthly job reports. Wage growth was flat in November, manufacturing jobs are down, and the labor force contracted slightly, so the report was not uniformly positive. But the job market continues… Read more
Over at WaPo. If there’s anyone who still thinks this Trump guy doesn’t have uniquely acute political instincts, this Carrier incident should finally disabuse you of that notion. OTOH, if you think this is a sustainable strategy to revitalize US manufacturing, I strongly disagree.