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Showing posts with label labor market. Show all posts
Showing posts with label labor market. Show all posts
Monday, February 10, 2020

Principals of Macroeconomics 5: Robinson and the Theory of Capital — John Weeks

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In Chapter 1 of The General Theory Keynes famously refers to two “postulates of Classical economics”, one of which determines the demand fo...
2 comments:
Wednesday, August 14, 2019

Bill Mitchell — Of course governments will be fiscally stretched if they define large surpluses as the norm

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Wednesday and a short blog post. I regularly work for unions as an expert analyst/witness in their struggles to achieve wage justice with e...
Thursday, December 20, 2018

Mark Paul and Mark Stelzner — Rethinking collective action and U.S. labor laws in a monopsonist economy

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Discussions today are pervasive among economists and policymakers about the increasing rise of firms’ market power and the potential negati...
Thursday, December 6, 2018

Liz Hipple — New Fed paper suggests it’s not all millennials’ fault after all

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What are the possible explanations for why millennials have lower incomes and fewer assets than did prior generations at similar ages? The ...
Thursday, July 5, 2018

Kate Bahn — Understanding the importance of monopsony power in the U.S. labor market

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With the launch of our new website, we are reintroducing visitors to our policy issue areas. Informed by the academic research we fund, the...
Sunday, May 6, 2018

Bill Mitchell — US labour market tepid – there is plenty of scope fiscal expansion

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On May 4, 2018, the US Bureau of Labor Statistics (BLS) released their latest labour market data – Employment Situation Summary – April 201...
5 comments:
Sunday, October 22, 2017

Brian Romanchuk — How I Would Analyse A Job Guarantee

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The Job Guarantee proposal is a core part of the policy analysis of Modern Monetary Theory (MMT). If implemented, it would be expected to c...
3 comments:
Wednesday, September 20, 2017

Noah Smith — Why Workers Are Losing to Capitalists

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Back in April, I wrote about one of the most troubling mysteries in economics, the falling labor share. Less of the income the economy pro...
2 comments:
Saturday, April 15, 2017

Ramanan — Effective Demand And The Labour Market

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Noah Smith asks , “Why the 101 model doesn’t work for labor markets”.| He realizes the answer but attributes it to Nick Hanauer.… So Smit...
Tuesday, March 28, 2017

Ramanan — Robots, Globalization, Unemployment, Etc

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Economists have played down the notion of technological unemployment. If production is constant and productivity rises, there’s a fall in e...
Sunday, March 26, 2017

Neil Wilson — Jobs and Vacancies

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Another good one on unemployment from Neil on how the JG solves an unrecognized issue in analysis of employment and the dynamics of the lab...
Saturday, January 7, 2017

Labor Market Monopsonies and the Decline of the Labor Share — Q&A with Sandra Black

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Monopsony is the converse of monopoly. Monopoly is about sellers using market power to influence market price through control of supply, w...
Thursday, July 14, 2016

Neil Wilson — And what makes you think that stealing other country’s skills is appropriate?

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Neil Wilson on importing labor Medium And what makes you think that stealing other country’s skills is appropriate? Neil Wilson
Saturday, July 9, 2016

Blake Smith — Slavery as free trade

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For nearly four centuries, the Atlantic slave trade brought millions of people into bondage. Scholars estimate that around 1.5 million peop...
9 comments:
Monday, April 18, 2016

Mark Thoma — Adjusting to Economic Shocks Tougher than Thought

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Labors market not as resilient as assumed. And it's not just "sticky" wages (wage inelasticity). You know, like real Keyn...
2 comments:
Tuesday, August 11, 2015

Bill Mitchell — US labour market weakening

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The Federal Reserve Bank of America has been publishing a new indicator – the Labor Market Conditions Index (LMCI) – which is derived from...
Sunday, February 1, 2015

Mike Konczal — Did Ending Unemployment Insurance Extensions Really Create 1.8 Million Jobs?

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Model problems, technique problems, and data problems. Rortybomb Did Ending Unemployment Insurance Extensions Really Create 1.8 Million J...
1 comment:
Saturday, May 3, 2014

Tim Bending on productivity, labor, Keynes, effective demand, fairness, and equality

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A couple of older posts worth visiting in present context. Open Democracy — Open Economy Productivity does not explain wage differentials Ti...
Friday, May 2, 2014

Lord Keynes — James Galbraith on the Essence of Keynes’ View of Labour Demand

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In the view of J. M. Keynes, there is no labor market. Social Democracy For The 21St Century: A Post Keynesian Perspective James Galbraith o...
10 comments:
Monday, March 31, 2014

Janet Yellen — What the Federal Reserve is Doing to Promote a Stronger Job Market

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I am here today to talk about what the Federal Reserve is doing to help our nation recover from the financial crisis and the Great Recessio...
2 comments: