Is U.S. Manufacturing Showing Signs of Growth?
Manufacturing employment shrank from 31 percent of workers in the 1950s to under 10 percent in the 2010s. Is that trend reversing? Continue reading Is U.S. Manufacturing Showing Signs of Growth?
Category: Stylized Fact #1 — Falling Middle
Will Artificial Intelligence Lead to a Second Great Polarization?
Artificial intelligence will take some workers’ jobs. But, whose exactly? Not the poorest. Not the richest. Yup, those in the middle. Continue reading Will Artificial Intelligence Lead to a Second Great Polarization?
Which Jobs is AI Coming for First?
Which jobs is AI coming for? Like always, it ain’t the high paying ones. Continue reading Which Jobs is AI Coming for First?
Can the American Dream be Measured? Challenge Accepted!
Can you quantify the American Dream? I tried, and didn’t exactly love what I found. Continue reading Can the American Dream be Measured? Challenge Accepted!
Who Won the Race Between Wages and Inflation?
Inflation was a big topic in 2021. But how damaging inflation is to workers depends on a race between it and wages. Continue reading Who Won the Race Between Wages and Inflation?
Elasticity: It’s for More than Just Socks
You’d think food delivery drivers would see huge increases in earnings during the pandemic, as demand increased. But, you’d be wrong. Why? Elasticity. Continue reading Elasticity: It’s for More than Just Socks
Is Nomadland that Common?
Nomadland made waves for its depiction of older Americans in unstable economic circumstances. The truth is: it’s not that uncommon. Continue reading Is Nomadland that Common?
A New Dimension: Time Inequality
Over the last 40 years, inequality in wages has risen. But, money isn’t everything. Enjoying your time matters too. And, time inequality may be rising. Continue reading A New Dimension: Time Inequality
More Worker Quits? It’s a Good Thing.
The phrase “I Quit” has a negative connotation. But, maybe it shouldn’t. After all, for many workers it’s their best bargaining chip. Continue reading More Worker Quits? It’s a Good Thing.
Targeting Student Loan Forgiveness
Student loan forgiveness is probably a good idea. But, if not done carefully, it could benefit households already doing pretty well. Continue reading Targeting Student Loan Forgiveness