Tag Archives: labor force

This is not a bad idea. It is one issue long over due and needed if we are to attract more people into the Labor Force. It should be government sponsored to cut the costs of it. To Increase the Supply of Workers, Our Economy Needs Childcare, Roosevelt Institute, Mike Konczal Tuesday February 23, the Department of Commerce announced the CHIPS for America Funding Opportunity. This action is a part of the bipartisan CHIPS and Science Act designed...

Have not done this in a while, maybe a long while. It was late 1996 and Participation Rate was up at 67%. It stayed up there till 2001 and Greenspan began a gradual decrease from in the Fed Rate from 6.0% down to 1.75%. I believe we had a small recession back then. Greenspan was trying to avoid it from becoming worse. 2001 was the last time the country saw Participation Rate at 67%.. The country has not seen a 67% Participation Rate since 2001...

The information transfer model tracks this pretty well. Information Transfer EconomicsUnions, inequality, and labor shareJason Smith

One of the findings of the dynamic information equilibrium approach (see also my latest paper) is that nominal output ("GDP") has essentially the same structure as the size of the labor force. The major shocks to the path of NGDP roughly correspond to the major shocks to the Civilian Labor Force (CLF). Both are shown as vertical lines. The first is the demographic shock of women entering the workforce.... With the positive shock of women entering the labor force ending, immigration is a...

Earlier this summer, four economists released a working paper suggesting that part of the decline in male labor-force participation can be attributed to the increased quality of video games. You can see an article about it here, and you can also see a non-technical summary of the paper as part of the NBER digest.Conceptually at least, this makes sense- better leisure activities increase the opportunity cost of working, which decreases the net benefit of working, and generally we do less of...

So I’m not entirely clear on what The Onion is making fun of here, but I have a couple hypotheses: 1. (more obvious) If polls are to be believed, the economy immediately improved once Trump got elected. Yes, this seems absurd if taken literally, but I guess this is what the concept of “animal spirits” is supposed to be all about. If enough people believe that Trump will be good for the economy and act accordingly, it kind of becomes a self-fulfilling prophecy. But it still doesn’t happen...