Archives: November 2006

Robin Hanson Advocates Journalistic Malpractice

Posted by: Michael Mandel on November 29, Categories: Journalism

Robin Hanson (who I generally like) writes: Consider how differently the public treats physics and economics. Physicists can say that this week they think the universe has eleven dimensions, three...

Labor Share Drops Again

Posted by: Michael Mandel on November 29, Categories: Labor Market

The labor share of corporate output continues to plunge. Based on today's GDP numbers, labor compensation now accounts for only 61.9% of corporate value-added, marking the seventh straight drop. It's...

Deficit dementia

Posted by: Michael Mandel on November 28, Categories: Fiscal Policy

My regular readers know that I'm not terribly worried about the budget deficit, at least at current levels (see for example this piece here). Nor am I particularly worried about...

Surprise! Enough scientists and engineers?

Posted by: Michael Mandel on November 27, Categories: Labor Market

According to a new report from the National Science Foundation, science and engineering doctorates hit an all-time high in 2005. Fields reaching new highs include biological sciences, engineering, mathematics, and...

The Economics of Envy

Posted by: Michael Mandel on November 27, Categories: Income Distribution

Lou Uchitelle, in today's NYT, has a front page article entitled "Very Rich Are Leaving the Merely Rich Behind." In it he writes The opportunity to become abundantly rich is...

New York City: The Lowest Unemployment Rate in 30 years

Posted by: Michael Mandel on November 20, Categories: Labor Market

This is a followup to my "musical chairs economy" piece. According to a new report from the New York State Labor Department, the unemployment rate in New York City dropped...

The Musical-Chairs Economy

Posted by: Michael Mandel on November 14, Categories: Labor Market

Here's the question for today: If the unemployment rate is only 4.4%, why do we all feel so dang nervous about our jobs? More here...

Will the Dems Raise Taxes?

Posted by: Michael Mandel on November 13, Categories: Fiscal Policy

Probably not, if this chart is any guide. The thin blue line tracks federal revenues as a share of GDP (through the second quarter of 2006). The purple horizontal line...

Virtue is not rewarded

Posted by: Michael Mandel on November 13, Categories: Trade

Take a look at this chart. The blue bars are U.S. manufacturing productivity growth, and the crimson bars are U.S. manufacturing output growth. The good news: Manufacturing productivity is growing...

Does the Election Really Matter for Economic Policy?

Posted by: Michael Mandel on November 10, Categories: Fiscal Policy

Take a look at my new cover story, "What the Election Won't Change" Comments?...

Did the Government Really Hire that Many People?

Posted by: Michael Mandel on November 03, Categories: Labor Market

Is the unemployment rate really 4.4%? I've got some doubts. A big reason why the unemployment rate has been dropping is an apparent hiring spree by government bureaucrats. The number...

Watch out for Wikipedia

Posted by: Michael Mandel on November 01, Categories: Macro

So I was researching the 'misery index'--the unemployment rate plus the inflation rate--and of course looked at the wikipedia entry. The very first sentence says: The Misery Index is an...

About

Michael Mandel, BW's award-winning chief economist, provides his unique perspective on the hot economic issues of the day. From globalization to the future of work to the ups and downs of the financial markets, Mandel-named 2006 economic journalist of the year by the World Leadership Forum-offers cutting edge analysis and commentary.

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