Archive for the ‘Wages’ Category

True and important: trade deficits are not scorecards. But under certain conditions, they’re far from benign.

March 28th, 2016

Neil Irwin over at the NYT has apparently drawn the unenviable job of explaining what’s wrong with Trumponomics. His latest entry, on trade deficits, is framed around an important, overlooked point, but he misses some important nuances, and his conclusion re trade deficits as conditionally benign seemed pretty far off to me. As this is… Read more

Real earnings, real anger

March 9th, 2016

Over at WaPo, but I realized this AM that it would be interesting to look at the trend in real manufacturing wages for blue collar workers in Michigan. While the national real wage has been flat, that of MI has fallen steeply. Nothing you wouldn’t know if you follow this sort of thing, but if… Read more