Inequality, labor market policies and competition.
Affiliations: NBER, IZA, MIT Shaping the Future of Work Initiative
Preorder my book, The Wage Standard: https://www.thewagestandard.com
It increased competition, and raised wages, without harming employment or changing skill requirements.
Improved functioning of markets, helped workers.
It increased competition, and raised wages, without harming employment or changing skill requirements.
Improved functioning of markets, helped workers.
@bharatramamurti.bsky.social and @nealemahoney.bsky.social
suggests a middle ground of careful use.
@bharatramamurti.bsky.social and @nealemahoney.bsky.social
suggests a middle ground of careful use.
Link to our 2021 JEP review of citywide min wages: pubs.aeaweb.org/doi/pdfplus/...
Link to our 2021 JEP review of citywide min wages: pubs.aeaweb.org/doi/pdfplus/...
on his new book, by
@johncassidysays.bsky.social
(Link below in the thread).
on his new book, by
@johncassidysays.bsky.social
(Link below in the thread).
Correcting beliefs on one may lead to corrections in the other: with a scary multiplier.
Correcting beliefs on one may lead to corrections in the other: with a scary multiplier.
But smoothing by 3 or 6 months shows a disturbing signal: the trend here is not your friend.
But smoothing by 3 or 6 months shows a disturbing signal: the trend here is not your friend.
Unemployment rate has been inching *up.* That's not good.
Unemployment rate has been inching *up.* That's not good.
Month-to-month job changes are noisy, but at this point the signal is getting alarmingly strong.
Month-to-month job changes are noisy, but at this point the signal is getting alarmingly strong.
Today's weak jobs report makes things worse.
Here's why. 🧵
Today's weak jobs report makes things worse.
Here's why. 🧵
journals.uchicago.edu/doi/full/10....
journals.uchicago.edu/doi/full/10....
I propose a disruptive, portable, innovation in classroom tech.
I propose a disruptive, portable, innovation in classroom tech.
This is bad news for working class Americans.
t.co/1hp5EE9up5
This is bad news for working class Americans.
t.co/1hp5EE9up5
Destroys trust in core government statistics.
Destroys trust in core government statistics.
It's a tool that we think many applied economists will find useful (indeed many already have).
🧵
It's a tool that we think many applied economists will find useful (indeed many already have).
🧵
Interestingly, the presence of monopsony power helps explain why: monopsony dulls the loss in profits from making errors in wage setting.
Interestingly, the presence of monopsony power helps explain why: monopsony dulls the loss in profits from making errors in wage setting.
www.nytimes.com/live/2025/05...
www.nytimes.com/live/2025/05...