Review of Just Work for All in @PoPpublicsphere. A few excerpts: "In debates between liberal egalitarians and libertarians, realism and idealism, and 'capitalism' and 'socialism,' we have lost sight of just work in contemporary political theorizing."
https://t.co/c2piPdBuRx
Ok guys, these $MU gross margins are scary high:
Q3 Estimated: 81.9%
Q3 Actual: 84.9%
Your margins wouldn't be this high even if you robbed your local liquor store.
Slightly taken aback by the Guardian's Gordon Wood obituary. I can find one reference to Wood saying he'd read the opening essay of the 1619 Project and objected to it (not quite "I haven't read most of it"). What follows seems to me to be a guilt-by-association shoehorning.
Is Europe falling behind the US on productivity? The Krugman vs Aghion–Bergeaud–Garicano debate hinges on one choice: current vs constant PPPs. A new note maps the gap behind it — all 27 EU states, two data sources — and what it does and doesn't settle. 🧵
@Tyler_A_Harper Definitely my experience- work on class has started to come back into fashion, in part because the limits of work on identity as explanations of Trump/Brexit etc. became apparent, but this is a noticeable shift (and also not particularly “Marxist”).
This isn’t to deny that academia skews to the left but it is to say that neither Marxism in particular nor class-focused work in general is where the action is. The opportunities are in identity work that *may* invoke “anti-capitalism” but only secondarily, mostly as lip service.
@StatisticUrban The funny thing is it isn't really a disease, as Baumol himself came to realize. It's like "oh no, we're richer and more productive and wages track productivity"
The good news is that expanding public services in the face of higher productivity is completely sustainable. We can inherently afford it, the real challenge is political
https://t.co/T4uydrYgON
Labor's share of output (nonfarm business) fell to 54.1% in the first quarter, the lowest since records begin going back to 1947. "not so good news for society and our politics" - @KrishnaRSGuha
Later today @ZohranKMamdani and @RitchieTorres will announce a $2M expansion of the Neighborhood Internet program—700 low-income households in the Bronx & Manhattan to get broadband access by this summer, with thousands more over the next two years. https://t.co/CcIi3uftG4
New newsletter: MODERN FATHERHOOD WOULD BE UNRECOGNIZABLE TO A 1950'S DAD
Compared to their Boomer parents, childcare time among Millennial dads has more than doubled.
Compared to their Silent Generation grandparents, it’s nearly quadrupled.
You will be hard-pressed to find any part of day-to-day modern life that has changed more in the last half-century than the way today’s parents—and fathers, in particular—spend their time.
The new American dad is more present and more exhausted—but also, more satisfied with life. What's behind this half-century transformation? Today's piece combines history, economic analysis, and gorgeous charts galore from @AzizSunderji
A shocking new NBER economics study finds that workers today are about half as likely to receive a better-paying outside job offer as they were in the 1980s — and that fully ONE-THIRD of this decline is attributable to “employer concentration and the growing use of noncompetes.”
ZOHRAN: “TBH, I don’t think too much about how Republicans portray me. The power of an ideology is judged in the worth of its delivery— to be told a city-run grocery store is implausible but $500 MILLION/day to kill ppl in Iran & Lebanon is necessary speaks to a broken politics.”
This is proper etiquette:
the Iranian dude disputed Trump’s claims AFTER the futures closed.
Very polite, and in line with warfare rules during the Golden Age of Grift
🌳🙏