Tag Archives: jobs

Guest post by Jeff Mosenkis of Innovations for Poverty Action. The datasets above all have the same means, SD, and correlations explain Justin Matejka & George Fitzmaurice of Autodesk in a modern update of Anscombe’s Quartet. But the lesson is the same – always plot your stuff. (h/t everybody) Jobs postings: Summer jobs with Busara Center, full-year with Michael Clemens, and many at the IPA/J-PAL (and several other orgs) jobs portal. Podcasts: Tyler Cowen talks with Cardiff Garcia on FT...

I posted about the driverless trucks a while ago. Now Amazon unveiled the no-checkout store, which would threaten the jobs of 3.5 million cashiers according to the Financial Times (subscription required). I was surprised by the figure below.It shows that one of the growing demands in the future will be statisticians. Statisticians? Oh well. Among the losers not just clerks, but also lawyers that specialize in shoplifting (and DUI in the case of the driverless vehicles, besides the obvious,...

William K. BlackDecember 5, 2016     Bloomington, MN Bob Rubin and Alan Greenspan convinced the New Democrats, over a quarter-century ago, that the key to economic growth was to out-Republican the Republican Party in the fervency of their embrace of austerity.  This began the long war of the New Democrats against the working class that culminated in the loss of their candidate, Hillary Clinton, to Donald Trump.  Rubin’s and Greenspan’s support for austerity constitutes economic and...

Or so it seems. The BLS last employment situation summary says that only 38000 jobs were created last month. Unemployment fell to 4.7%, but that is mostly the result of the fall in the participation rate, that is, less people in the labor force (see below). In other words, unemployment rate is lower not because unemployment decreased (at least not much), but because workers stopped looking for jobs. Since the crisis there has been no recovery in the labor force participation rate, as shown...

On multiple levels, in both the Third World and the developed world.[embedded content]It doesn’t have to be a catastrophe, however, since Western governments can implement a large-scale industrial policy to bring back manufacturing and reverse the trend of de-industrialisation.The mass unemployment that will result must be solved by government programs to create socially and economically useful work for decent wages, and maintenance of aggregate demand by fiscal policy.

In-depth analysis on Credit Writedowns Pro. You are here: Economy » How do you say “dead cat” in Latvian? By Frances Coppola This, my third post on Latvia, looks at its recovery from the 2008-9 recession. Latvia is often held up as the “poster child” for harsh austerity measures as the means of returning to strong economic growth. In order to hold its currency peg to the Euro, it embarked on a brutal front-loaded fiscal consolidation in 2009, sacking public sector workers, slashing public...