John Schmitt @jschmittwdc

Bluesky: @ jschmittwdc https://t.co/vhWAc81jZT Mastondon: @[email protected] Washington, DC Joined June 2009

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833
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Dean Baker @DeanBaker13

2 years ago

Job numbers will freak markets, but wage growth has clearly slowed to non-inflationary pace, just 3.4 percent annual rate over last three months, slower than 2018-2019

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Two of my kids started school today. Neither my 8yo nor my 11yo have teachers. They have substitutes. Why? Because who wants to do that most important, hard job in the world for such low pay?? We give subsidies in the form of tax breaks to tech companies, but we can’t…

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Ari Drennen @AriDrennen

2 years ago

Elon seems committed to degrading the user experience for everyone but annoying trolls on this website, so here's a quick guide to making your mentions more bearable from somebody who gets a lot of vicious harassment here: (1/4)

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Steven Greenhouse @greenhousenyt

2 years ago

Could this be a first step toward a nationwide boycott of Starbucks > Cornell to End Partnership With Starbucks by June 2025 This comes after Starbucks closed all 3 unionized Starbucks in Ithaca. "Everyone was pretty unanimous that Starbux broke the law” cornellsun.com/2023/08/16/cor…

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Liz Shuler @LizShuler

2 years ago

It is 👏against the law 👏 to prevent workers from discussing their wages. If you see something like this in your workplace, you need a union.

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Heidi Shierholz @hshierholz

2 years ago

One huge point of concern: State and local govt jobs increased by only 8,000 in July, and there is still an enormous gap—they are down 244,000 since Feb ’20. Further, more than 90% of that gap—224,000—is in education. This is a disaster. 11/

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Heidi Shierholz @hshierholz

2 years ago

This chart blows my mind. It shows the overall prime-age employment-to-population ratio. From the end of the Great Recession, it took 10 years, 4 months to regain the pre-recession prime age EPOP. This time around, it took 2 years and 11 months. The difference is staggering. 9/

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9:30 Club @930Club

2 years ago

Back in 2005, Sinead O'Connor shared her voice with us on the 9:30 Club stage. Rest well Sinead, thank you for everything. m.mixcloud.com/JaHazie/sinead…

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Arin Dube @arindube

2 years ago

2 of the biggest national minimum wage changes in the last 10 years were Germany & UK. Germany introduced a MW for the 1st time; UK did a major hike. By far, most evidence from both of these natural experiments suggest they successfully raised low wages without sizable job loss.

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Arin Dube @arindube

2 years ago

Average real (inflation-adjusted) wages for Production/Non-Supervisory workers (>80% of US private sector workers) are 2.7% above Jan 2020 levels, and are at pre-pandemic trend. Average for all workers is ~1% above Jan 2020 levels, but below trend. Shows wage compression.

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Howard Economics @HowardEcon

2 years ago

Dr. Bill Spriggs will be greatly missed. If you didn’t get the chance to attend his memorial in person please find the recording below. #EconTwitter #BillSpriggs youtu.be/D_J-G-Wv-dY

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Adam Tuss @AdamTuss

2 years ago

Do you own a car? Do you really need to? A new study says DC is the 4th best city to live in without a car. Alexandria is 14th, Arlington 16th @nbcwashington nbcwashington.com/news/local/tra…

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Arin Dube @arindube

2 years ago

Economists David Autor, Arindrajit Dube and Annie McGrew estimate low-wage workers’ ability to switch into higher-paying jobs has unwound one-quarter of the wage inequality between top & bottom earners that built up in the four decades before the pandemic. wsj.com/articles/the-r…

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Stefanie Stantcheva @S_Stantcheva

2 years ago

A fascinating and little-known fact about U.S. history🇺🇸: The U.S.once relied heavily on a tax system, strikingly similar to a wealth tax, that played a key role in fueling its growth and development. A thread diving into the intriguing history of the General Property Tax.🧵

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Michael Thrower Chowdhury @BevansAdvocate

2 years ago

4) The Conservative Nanny State - @DeanBaker13 Baker does a great job of explaining how the way markets are structured can promote or reduce inequality. Work covers: occupational licencing, patents, taxation and parents. Baker also puts it up free online which is great.

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Nathaniel Hendren @nhendren82

2 years ago

New Paper Alert 🚨 We estimate the returns to IRS tax audits across the income distribution. We find $1 of IRS spending on audits of top earners delivers more than $12 of tax revenue. Along the way, we provide new evidence of the strong specific deterrence effects of audits. 1/:

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Heidi Shierholz @hshierholz

2 years ago

EPI praises the confirmation of Jared Bernstein as Biden’s top economic adviser epi.org/268993 via @EconomicPolicy

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Dean Baker @DeanBaker13

2 years ago

@M_C_Klein Binyamin Appelbaum's piece did an excellent job highlighting the real issues nytimes.com/2023/06/10/opi… Surely, we could have made clean energy cheaper without the protectionist provisions, but we will get nowhere if we don't have political support for the transition.