Category Archives: labor market

Should we miss the working class?

Brink Lindsey writes, people are not machines, and they don’t like being treated as such. By inducing millions of people to take up factory work and creating a social order in which those millions’ physical survival depended upon their doing … Continue reading

Posted in Economic History, income distribution-wealth-poverty, labor market | 13 Comments

Occupation and Gender

Justin Fox writes, If you are one of those who believe that men are congenitally disposed to prefer working with things and women to prefer working with people, these numbers offer some support for your position. Some support? If you … Continue reading

Posted in labor market, Mark Thoma is Indispensable | 16 Comments

Wages and Perks

Megan McArdle writes, Both the supply curves and the demand curves for labor have been undergoing substantial transformations that may simply have shifted the economy to a new equilibrium. Which is an economic jargonish way of saying this may be … Continue reading

Posted in labor market | 10 Comments

Why American Cities Cannot Compete on Cost

Handle comments, if a company can move some operations even 50 miles away from a high price place, then why not move them to the cheapest feasible place? …If a job doesn’t have such distance-limitations regarding interactions with other humans, … Continue reading

Posted in business economics, labor market | 13 Comments

Noah Smith on Labor Supply and Demand

He writes, What is a better theory of the labor market? Maybe general equilibrium (which might say that immigration creates its own demand). Maybe a model with imperfect competition (which might say that minimum wage reduces monopsony power). Maybe search … Continue reading

Posted in labor market, Mark Thoma is Indispensable, PSST and Macro | Tagged | 5 Comments

Consequences of Internal Free Trade

Dietrich Vollrath writes, The scale of the relative job changes, though, indicates that more of the losses have to do with free trade within the US than free trade outside of the US. The areas with relative decline lost 13 … Continue reading

Posted in labor market, Mark Thoma is Indispensable | 6 Comments

Erik Hurst on the Labor Market

In a podcast with Russ Roberts. Self-recommending. An excerpt (there were many to choose from): in earlier periods, manufacturing jobs were, you know, slowly going away. But at the same time, population was growing. So new young people could come … Continue reading

Posted in labor market | 1 Comment

Wither Factor-Price Equalization?

Elisa Giannone writes, The interaction of SBTC [skill-biased technical change] and agglomeration economies imply that more educated locations have larger skill premium. High and low-skill workers have some degree of complementarity, so, agglomeration effects raise the wages of all the … Continue reading

Posted in Four Forces Watch, labor market, Tyler Cowen is my Favorite Blogger | 1 Comment

Disperse the Federal Government

I have a random suggestion for the new Administration: disperse the Federal government. The idea is to move agencies that do not really need to be in Washington to depressed areas of the country. This would improve the labor market … Continue reading

Posted in labor market | 17 Comments

The Monopsony Issue

A reader asked me to comment on the issue, raised by the President’s economist Jason Furman, that labor markets are monopsonistic. I do not have much to add to other blogosphere comments, but here goes: 1. Just to clarify, a … Continue reading

Posted in labor market | 7 Comments