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Entries tagged economics

September 23, 2013 11:53 AM U.S. Workers Pay a High Price for Free Trade

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...

By Megan McArdle

September 19, 2013 8:30 AM Attracting and Retaining the Skilled

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...

By Matthew Kahn

September 19, 2013 7:19 AM Summers Battle Was Front in War Over Wall Street

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....

By Ezra Klein

September 16, 2013 8:29 AM What Rich People Would Pay for Wendy's Coffee Doesn't Matter

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...

By Keith Humphreys

September 03, 2013 10:00 AM What the New 'Nimble Economy' Really Needs

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...

By Matthew Kahn