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October 1, 2014

Latest Posts from Economist's View

Latest Posts from Economist's View


Links for 10-01-14

Posted: 01 Oct 2014 12:03 AM PDT

Highest Ranked, but It's Not Good News

Posted: 30 Sep 2014 11:50 AM PDT

Martin Wolf, in "Why inequality is such a drag on economies":

...in 2012, says the Organisation for Economic Co-operation and Development, the US ranked highest among the high-income countries in the share of relatively low-paying jobs. ...

'Why Have Policymakers Abandoned the Working Class?'

Posted: 30 Sep 2014 07:28 AM PDT

I have a new column:

Why Have Policymakers Abandoned the Working Class?, by Mark Thoma: The risks associated with a negative economic shock can vary widely depending on the wealth of a household. Wealthy households can, of course, absorb a shock much easier than poorer households. Thus, it's important to think about how economic downturns impact various groups within the economy, and how policy can be used to offset the problems experienced by the most vulnerable among us.
When thinking about the effects of an increase in the Fed's target interest rate, for example, it's important to consider the impacts across income groups. I was very pleased to hear monetary policymakers talk about the asymmetric risks associated with increasing the interest rate too soon and slowing the recovery of employment and output, versus raising rates too late and risking inflation. ...
But there is more to it than this. ...

'The Silver Lining in Falling College Enrollment'

Posted: 30 Sep 2014 07:28 AM PDT

At MoneyWatch:

The silver lining in falling college enrollment, by Mark Thoma: College enrollment "declined by close to half a million (463,000) between 2012 and 2013, marking the second year in a row that a drop of this magnitude has occurred," according to a report from the Census Bureau. And it's the largest two-year drop since Census began collecting enrollment data in 1966. Notably, the decline was concentrated in two-year colleges.
It is, of course, desirable to have a more educated population, particularly in an era of globalization and technological change that makes it harder for low-skilled workers to find good jobs. But the report also has a silver lining. ...

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