Category Archives: labor market

What do we mean by ‘working class’?

William Galston provides highlights from a Pew survey of how party support has shifted over the past twenty years. He writes, Democrats’ advantage in urban counties has shot up from 18 to 31 points, while Republicans have gone from a … Continue reading

Posted in labor market, Politics | 13 Comments

Russ Roberts and Ed Glaeser on the secular decline in employment

Strongly recommended. Glaeser says, the changing nature of innovation has meant that there’s more of a complementarity between skilled workers and other skilled workers rather than between skilled workers and unskilled workers. And in some sense, I often say that … Continue reading

Posted in disaggregating the economy, labor market | 17 Comments

Russ Roberts on worker exploitation

He writes, When free-market types like myself hear about a worker who is made uncomfortable by inappropriate language or inappropriate physical contact on the job, our usual response is: quit. You don’t have to work for a crude, or worse — abusive … Continue reading

Posted in labor market, Libertarian Thought | 20 Comments

Jonathan Tepper on slow wage growth

He writes, Americans have the illusion of choice, but in industry after industry, a few players dominate the entire market: Two corporations control 90% of the beer Americans drink. When it comes to high-speed internet access, almost all markets are … Continue reading

Posted in income distribution-wealth-poverty, labor market | 19 Comments

The case against education

Made by Ben Wilterdink. unsurprisingly, one of the best ways to develop the soft skills necessary for labor market success comes in the form of entry level employment. A 2015 report from USAID concludes, “Theoretical literature suggests that adolescence and … Continue reading

Posted in Economics of Education, labor market | 6 Comments

Wage differentials vs. productivity differentials, continued

Tyler Cowen asks, Aren’t the waiters more productive *because they are serving wealthier customers*? Gosh, that throws an even bigger monkey wrench into the whole deal. Let me switch examples. Suppose that Jeff Bezos can either rely on Uber or … Continue reading

Posted in Economic education and methods, labor market, Tyler Cowen is my Favorite Blogger | 14 Comments

Are locational wage differentials also productivity differentials?

I think that an argument about this arose in the comments on this post. Let me provide a framework for discussion. Suppose that we observe that zip code X has higher average wages for waiters than zip code Y. Can … Continue reading

Posted in books and book reviews, disaggregating the economy, Economic education and methods, labor market | 22 Comments

Disaggregating the economy: levels of digital skills

Mark Muro writes, the wage premium for digital skills (highlighted above) has nearly doubled since 2002. That means that the mean pay of workers in higher-level digital occupations (about $73,000) now more than doubles the $30,000 wage of low-digital workers. … Continue reading

Posted in disaggregating the economy, labor market | 3 Comments

Work becomes optional

John Coglianese writes, participation has changed along an understudied margin of labor supply. I find that “in-and-outs”—men who temporarily leave the labor force—represent a growing fraction of prime age men across multiple data sources and are responsible for roughly one … Continue reading

Posted in labor market | 7 Comments

Two stories about Shake Shack

1. CNBC reports, [Shake Shack founder Danny] Meyer has long been an employee advocate, going so far as to eliminate tipping at his full-service restaurants last year in favor of compensating staff so they don’t need to rely on tips. … Continue reading

Posted in labor market | 8 Comments