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Entries tagged economics
China's rise as an export juggernaut has coincided with a big drop in labor's share of U.S. national income. Photographer: Kiyoshi Ota/Bloomberg When I was in business school, way back at the turn of the millennium, one of the...
UC Berkeley’s Enrico Moretti has published an excellent piece in the Wall Street Journal. “Since 1980, data show that the economic success of a city has been increasingly defined by its number of highly educated workers. Cities with many college-educated...
Larry Summers’s campaign to replace Federal Reserve Chairman Ben Bernanke wasn’t doomed by any of the typical doubts about a potential Fed chief. Senate Democrats weren’t worried that Summers was too tolerant of inflation or insufficiently committed to quantitative easing....
Labor protests were recently held in front of more than 1,000 fast food restaurants around the country. As a result of our job-killing recession and subsequent job-lite recovery, the fast food workforce is no longer composed mainly of teenagers. It...
I am in Singapore working at NUS but I continue to read the New York Times. David Autor and David Dorn have written an important piece about the role that computers have played in hollowing out middle class jobs. They...