Must-Reads Found Up to 7:20 AM EST on November 19, 2015

  • Prime-age female employment in the U.S. and Canada https://equitablegrowth.org/?p=16112
  • Jared Bernstein: Models of the Minimum Wage: “We can introduce some ideas… that comport a bit more with reality…. At the end of the day… when the theory doesn’t match the evidence, trust the evidence…” :: The rationale for a minimum wage is the theory that the low-wage labor market suffers market failures analogous to those of natural monopolies…
  • Miles Corak: Inequality: A Fact, an Interpretation, and a Policy Recommendation: “A common storyline…[:] inequality has not increased… there is little that can be done… effort… fighting inequality diverts attention from more pressing problems…” :: That Miles Corak… [says] ‘a common storyline’ is a measure of… right-of-center echo chamber…”
  • Isabel Sawhill: Where Have All the Workers Gone?: “Among male heads of household… between… 25-54 [nt working], 27 percent say it is because they are ill or disabled…. [But] we excluded from the sample anyone on disability…” :: I really want to see what happens to these numbers in a high-pressure low-slack economy…
  • Gabriel Zucman : GSPP Policy Research Seminar: Wealth Inequality in the United States Since 1913: Evidence from Capitalized Income Tax Data: “The rise of wealth inequality is almost entirely due to the rise of the top 0.1% wealth share…” :: It’s all at the peak…
  • Duncan Weldon: Are the Robots Taking Enough Jobs?: “The next wave of labour-saving technology looks to be replacing human brains, rather than human brawn, and the impact could be far more wide-reaching…” :: Human smiles and human truly creative thought look to remain economically valuable. So learn how to smile!

November 19, 2015

AUTHORS:

Brad DeLong
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