Seeing people who dismissed real wage gains in government data now eager to cite the same data showing declines. Tight labor markets drove gains, but that got waved off to preserve a stagnation story. Keep it simple: when wages rise, that’s good; when they fall, that’s bad.
Where you work shouldn't bar you from being able to invest in your own retirement. We need to expand retirement access so that everyone can save for the future. #Retirement #CSPAN #RetirementSavings
Same image. Same quality. Totally different value. AI’s not likely to replace the human touch. #AI #Economics #technology #ArtFraud
Automation perfected recording and replaying music, but people still pay for the humans anyway.
#AI #FutureOfWork #Economics #Jobs
Yeah, the generation by age by outcome figures have a mixture of issues around smoothing across time and age, especially with differing year effects. Been a big topic of discussion among my team on how best to address it while still capturing an accessible visual
Yes! Embrace the age axis!
Check out my upcoming appearance on C-SPAN’s Washington Journal to discuss Pres. Trump's proposal to create private-sector retirement accounts.
High-skilled immigration reform is overdue.
Ignore inputs at your own risk!
We train talent, then lose it. That is a (bad) policy choice.
Five years from now token limit windows will have absolutely destroyed white collar commuting patterns. Hell, even weekend work schedules are going to be impacted. Reflections from a long weekend of playing with Codex and Claude code
Today we launched our OZ housing and affordability initiative. Remember, we CAN build and we NEED to build. Let’s take the steps to make it happen.
Latest data & fast facts on who’s left out of America’s retirement system:
eig.org/whos-left-ou...
eig.org/rural-retire...
Any serious response to the retirement savings crisis has to start with expanding workplace access, especially for low-income, rural, and part-time workers.
Geography matters too. Half of rural full-time private-sector workers don’t have access to a workplace retirement plan, and rural workers hold roughly $55,000 less in retirement savings than their urban counterparts on average.
Zooming out, about two-thirds of the bottom half of workers by income lack access to a workplace plan — versus just one-quarter of the top half. The system works primarily for higher earners.
Income drives who gets left behind. Nearly 80% of full-time workers in the bottom income decile lack access to a retirement plan, compared with just 18% in the top decile.
Even among full-time private-sector workers, access is far from universal: 42% lack access to any workplace retirement plan. In absolute terms, that’s 40.6 million full-time workers left out.
More than 53 million U.S. workers don’t have access to an employer-provided retirement plan. That fact puts today’s “$955 saved” headlines in context — the retirement crisis is fundamentally about access.
Workers want us to tackle affordability - lowering costs and making home ownership achievable. What didn’t they want? Raising tariffs.
www.instagram.com/reel/DUYZeRq...
Yale making tuition free for families under $200k has sparked the inevitable take:
“$200k is the poverty line now.”
In 2024, only 16% of U.S. households earned $200,000 or more.
Calling the other 84% “in poverty” is nonsense.
People warn about desensitization to state violence. What they miss is that desensitization cuts both ways. The more threats are used, the less they work on protesters who stood their ground and keep recording.
Big city kid counts stopped falling in 2024, but the comeback is not here yet. 🧒 #Cities #Demographics #Housing
Excited to share I’ve been promoted from Economist to Senior Economist at @innovateeconomy.bsky.social!Grateful for the chance to work on research that connects real-world policy to the data—and for a team focused on building a more dynamic, inclusive economy. More work ahead. Let’s go.
It isn’t the bottom specifically, given the distortion by assigning 0s, but the median for prim age with $0 assigned wage would capture some of that employment effect.
Black unemployment is less a generic labor slack gauge and more a measure of the health of a specific segment. Still, a lot of research argues it’s more sensitive to the cycle than other groups, often rising faster early in downturns and sometimes serving as a warning sign.
Black unemployment has risen rapidly since “Liberation Day,” up 31.7%, from 6.3% to 8.3% as of November. Compared to usual flows/changes, we are well outside the norm and in some concerning company...
Source: fred.stlouisfed.org/series/LNS14...
So I agree w/ @econberger.bsky.social, but with one caveat. Sept→Nov adds 909k to “part-time for economic reasons.” The shutdown likely does contribute. BPC estimated ~670k federal workers were furloughed. Even if half are in these numbers, the share still rises ~12.5%.
