Michael Mandel

Chief economist and Vice President, Progressive Policy Institute. Senior fellow, Wharton (Mack Institute for Innovation Management)

[Michael Mandel @MichaelMandel]

Top 15 states by App Economy jobs (thousands)

California 408
Texas 239
Washington 137
New York 136
Florida 129
Pennsylvania 114
Illinois 90
Virginia 83
Georgia 81
Massachusetts 81
Colorado 75
Ohio 74
North Carolina 74
New Jersey 69
Minnesota 62

https://t.co/uJ6U5KYiFd

[Michael Mandel @MichaelMandel]

The relative price of digital goods and services is falling at a rapid pace. Companies that were reluctant to digitize in a low-inflation environment now may be forced to take the big step.

https://t.co/leLLqqji59

[Erik Brynjolfsson @erikbryn]

https://t.co/n7okUqIFf8

In particular, I'm thinking of all the brilliant folks who were pulled into crypto who could be transforming the other 95% of the economy by applying AI and other amazing digital technologies

[Michael Mandel @MichaelMandel]

Low digital inflation is making tech investment look increasingly appealing for cost-conscious companies. That suggests that the tech boom will continue, despite a wave of sector layoffs.

https://t.co/leLLqqji59

[Michael Mandel @MichaelMandel]

A new blog on "Closing the Broadband Adoption Gap: The Right Way--and the Wrong Way"

https://t.co/9Gckub2KUZ

[The Progress Network @progressntwrk]

"I think what we're going to find is that we're going to have a lot of other challenges that come up for which having a strong biosciences capacity is absolutely essential," says economist @michaelmandel in conversation with TPN member @JimPethokoukis.
https://t.co/qOF5ayWF4N

[Michael Mandel @MichaelMandel]

More broadly, jobs in the consumer distribution sector (retail+delivery+fulfillment) as of Sept 2021 were revised up by 324K, while jobs in the overall private sector as of Sept 2021 were revised down by 350K.

Ecommerce has become a massive job creation machine.

[Michael Mandel @MichaelMandel]

Revisions to the job numbers highlight the growing economic importance of ecommerce. The jobs report released a year go showed 1481K warehousing jobs in Sept21.

The report released today shows 1684K warehousing jobs in Sept21 (revised). That's a revision of 14%, or 200K. /1

[The Progress Network @progressntwrk]

This week, TPN member @JimPethokoukis sat down with @michaelmandel, chief economist at @ppi, to discuss the role of tech companies in the American economy.
https://t.co/dRNrFBENER

[Michael Mandel @MichaelMandel]

Since Feb20, the consumer distribution sector (retail+delivery +fulfillment) has added 650K fulltime-equivalent jobs (FTE).

Thus, the shift to ecommerce has been a net job producer. This important fact helps show the way out of the great job dilemma.

https://t.co/W6xC4BZasd

[James Pethokoukis ⏩️⤴�� @JimPethokoukis]

💻 Part one of my conversation with economist @MichaelMandel about Silicon Valley and America's technology sector https://t.co/SDFCjQWnXE

[AEI Economics @AEIecon]

Technology and e-commerce companies have a reputation for driving creative destruction but are also a source of high-wage job growth.

@michaelmandel of @ppi joins @JimPethokoukis to discuss the role of tech companies in the American economy.

Listen here:
https://t.co/Ijlvq5B7fp

[Reuters @Reuters]

U.S. producer prices notch second straight monthly decline in August https://t.co/pM9NjqdfRz

[Reuters @Reuters]

U.S. producer prices notch second straight monthly decline in August https://t.co/4WCI0HE5ys

[PPI @ppi]

Read the full report from PPI's former director of health care @ariellesophia & chief economist @MichaelMandel:
https://t.co/3Ey65cwFNI

[Michael Mandel @MichaelMandel]

Low digital inflation continues. Yoy from this morning's report

Wireless prices down 0.6%

Smartphone prices down 20.4%

Recorded music and music subscription prices down 0.6%

It's almost as if there was competition and productivity growth in the digital sector /s

[Matthew Yglesias @mattyglesias]

New on Slow Boring — I talked to Janet Yellen about her big speech this week, Bidenomics, and her vision of a modern supply-side agenda.

https://t.co/aZJIcBmH1l

[Ahren Lester @AhrenEnviroFin]

Changes in the environmental, social and governance (ESG) ratings of a firm can have "long-lasting effects" on stock returns, according to academic research: https://t.co/CxhlWs4s7u

[ian bremmer @ianbremmer]

china passes united states in life expectancy

should be a headline in every us newspaper

[Michael Mandel @MichaelMandel]

Digital Inflation stayed low in July. For example, internet access charges fell by 1.1% in the year ending July22, and ecommerce margins fell by 7.9%.

Overall, the unweighted mean y-o-y price increases for 13 digital goods and services was only 1.9%