One of the oddities of the macroeconomy is the fact that GDP falls wildly every year in the beginning of winter. That means that there is a kind of recession every winter. It isn’t an official recession because everyone expects…
Blog Archives
The occupation that tops them all
Claire Cain Miller at the New York Times gets the key issue with the gender pay gap: Flexible, predictable hours are the key — across occupations — to shrinking gender gaps, according to the body of research by Claudia Goldin, an economist at…
Another ineffective health care treatment Americans waste money on
Gabrielle Glasier writes in The Atlantic about the problems of alcohol abuse and how it is treated in America. The United States already spends about $35 billion a year on alcohol- and substance-abuse treatment, yet heavy drinking causes 88,000 deaths…
Marriage
Fascinating statistics about marriage. sociologist Andrew Cherlin points out, just two years after the Supreme Court decision to legalize same-sex marriage in 2015, a full 61 percent of cohabiting same-sex couples were married. This is an extraordinarily high rate of…
Posted in Labor
Which space is more important for determining your wellbeing, work or home?
Vs. Most working adults in Western nations spend more waking hours at work than at home. Why do people spend so much time at work (and on long commutes) in order to spend as much as they can on large,…
Posted in Labor
The minimum wage is nearly dead
The federal government has just set the record for the longest period of time without an increase in the minimum wage to keep up with inflation. The minimum wage has now been ignored for over a decade and Kevin Drum…
What immigration crisis?
The Pew Research Center reports data that unauthorized immigrants in the US are at the lowest level in a decade of gradual declines. Meanwhile, more and more Americans are favoring more legal immigration, so Americans aren’t suddenly becoming more nativist. …
Posted in Globalization & International, Labor
