I stumbled on a number of facts today that put me in mind of the old, venerable debate among labor economists about the extent to which educational wage premiums driven by employers’ increased demands for skills is driving overall wage inequality. It sounds obscure, but it actually has very potent policy implications. Let me try… Read more
To an extent, I join with the conventional wisdom that Trump’s tariffs on steel and aluminum will do more harm than good, but if that’s where your analysis stops, you’re not going nearly far enough: At WaPo, with more coming tomorrow or Tues (with Dean Baker; and here it is). Probably the most salient concern here… Read more
All the speakers and panels were flush with interesting analysis and practicable policy ideas to reverse wage stagnation, so give this Hamilton Project event a look. But my chat with Minneapolis Fed President Neel Kashkari and CNBC’s Ylan Mui starts at around 1:16. Here’s my paper that I so mercilessly flack in my comments.
It’s my interview with David Pilling about his new book, The Growth Delusion. One can’t over-stress how important it is that instead of always blithely holding forth on the movement of this or that indicator, we look behind the curtain at what we’re actually measuring…and what we’re leaving out. I’m not kidding, btw, when I… Read more
Ed Lazear’s oped in the WSJ this AM made both resonant and discordant points, at least to my ears/eyes. The part that didn’t make sense to me was the idea that other countries are demonstrably worse off because they tax more and work less. Based on the data in the figure below, Lazear asserts that… Read more