Economics Roundtable

NOTICE 4/30/18

The Economics Roundtable is back. The technical problem that has limited the set of blogs has been resolved. The RSS feed is, however, still not working.

Flushing caches will likely cause some old posts to show up for a day or two.

Employment as a Percentage of Population

The graph below shows employment as a fraction of population for people over 16 years old.

Click on the image to get a bigger version.

March 2017 Payroll Employment

Payroll employment has not grown impressively since 2000. Some baby-boomers retired, but that does not totally account for this graph.

Click on the image to get a bigger version.

May 2014 Payroll Employment

After 76 months, we finally got back to the prerecession level of payroll employment.

Click on the image to get a bigger version.

Graph-of-the-Year Candidates

Donald Marron likes European interest rates. Click on the image to get a bigger version. Can you find three distinct subperiods?

Brad DeLong favors the U.S. gdp gap.

RSS Feed

Angry Economist (Russell Nelson)

"Austrian economics in tiny little sentences”

April 30, 2018, 8:04 pm, 1847903

The best thing we can do about terrorism is: nothing. It's not that terrorists don't create harm. It's that terrorism is not about the harm; it's about the fear. We kill, each month, more people in automobiles than were killed by terrorists on 9/11. But that's not ...

April 30, 2018, 8:04 pm, 1847904

I could forgive them groping me if they would just acknowledge that nobody will ever succeed in hijacking an airplane, and allow anything which cannot harm the whole airplane itself. Enough with keeping bladed weapons off airplanes, including those hellish nail clippers. You couldn't even commit suicide ...

April 30, 2018, 8:04 pm, 1847905

There are two kinds of poverty: relative poverty and absolute poverty. One could define the latter as lacking certain qualities of life; for example access to a minimum of 1600 calories per day, shelter to keep you warm and dry, and clean clothing appropriate for your climate ...

April 30, 2018, 8:04 pm, 1847906

Sigh. From time to time, leftists get up on their high horse, and think that they can come up with a single objection to freedom which completely smashes all arguments. Today's version of that objection may be found on elementropy, where it goes:

another question unanswerable by neoliberal ...

April 30, 2018, 8:04 pm, 1847902

Okay, this kinda of crap makes me angry, just angry. Go read the article. Do you see what's wrong with it? I see no distinction between legal prostitution and illegal prostitution. Now let's look at the difference between legal and illegal drugs. The first you can ...

April 30, 2018, 8:04 pm, 1847901

Damn immigrants! They should go back to Bakersfield, where they came from!

April 30, 2018, 8:04 pm, 1847898

Yay! The minimum wage is going up in many states! Now employers won't have to pay a premium to get desirable workers, and they can dismiss the undesirable workers at no cost to themselves!

You see, every worker is desirable to one extent to another. Some workers are ...

April 30, 2018, 8:04 pm, 1847899

People are bringing up the point that people simply don't shop for health care. That we're not consumers. Usually that people are non-economists, like some ER doc who thinks that he had to study for 8 years to become a doc, but that economists are just people ...

April 30, 2018, 8:04 pm, 1847900

War?? Again?? By a Nobel Prize Winner?? I'm simply aghast. Yes, there are problems in the world, but they're not our responsibility to fix. Not when we're broke, going broker, and have a slim chance of not being broke for the next twenty years. What ARE these ...

April 30, 2018, 8:04 pm, 1847897

It's absurd to say that a minimum wage doesn't cause unemployment. ABSURD. Do you, does anyone, buy the same amount of something when the price goes up? Oh, maybe you ignore a price increase of a percent or two. What do you do when the price doubles? ...