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

"Art Diamond’s web log”

July 13, 2018, 5:03 am, 1875649

(p. B4) Robots are moving off the assembly line.

Collaborative robots that work alongside humans--"cobots"--are getting cheaper and easier to program. That is encouraging businesses to put them to work at new tasks in bars, restaurants and clinics.

In the Netherlands, a cobot scales a 26-foot-high bar to tap ...

July 11, 2018, 5:03 am, 1874941

(p. A16) The real question in analyzing the May jobs numbers released Friday [June 1, 2018] is whether there are enough synonyms for "good" in an online thesaurus to describe them adequately.

So, for example, "splendid" and "excellent" fit the bill. Those are the kinds of terms that ...

July 8, 2018, 5:03 am, 1873720

(p. A1) FORT COLLINS, Colo.--The fast-growing business offers all the perks a pampered Silicon Valley tech worker might expect: An on-site tap flows with craft beer and the kitchen is stocked with locally roasted espresso beans. There is a putting green and a smoker for brisket lunches. ...

July 4, 2018, 5:03 am, 1872859

(p. A1) As an elephant handler for Ringling Bros. and Barnum & Bailey Circus, Lauren Ramsay used to spend her time herding four-ton pachyderms.

As an elephant handler for Ringling Bros. and Barnum & Bailey Circus, Lauren Ramsay used to spend her time herding four-ton pachyderms.

Last May, the ...

June 29, 2018, 5:03 am, 1871643

(p. B1) For the past five years, the hottest thing in artificial intelligence has been a branch known as deep learning. The grandly named statistical technique, put simply, gives computers a way to learn by processing vast amounts of data.

. . .

But now some ...

June 27, 2018, 5:03 am, 1870935

(p. D8) You can still find high school and college students boiling hot dogs and cleaning the fryer at the clam shacks, country clubs and state fairs that spring to life when the weather turns hot. But the food that fuels a summer vacation is now more ...

June 22, 2018, 5:03 am, 1869702

(p. A10) . . . in an industry where cheap labor is an essential component in providing inexpensive food, a shortage of workers is changing the equation upon which fast-food places have long relied. This can be seen in rising wages, in a growth of incentives, and ...

June 21, 2018, 5:03 am, 1869334

(p. B1) It was pitched as a kind of Rust Belt safari -- a chance for Silicon Valley investors to meet local officials and look for promising start-ups in overlooked areas of the country.

But a funny thing happened: By the end of the tour, the coastal elites ...

June 19, 2018, 5:03 am, 1868631

(p. A13) Internet advertising started simply, but over time organically evolved a mess of middle players and congealed into a surveillance economy. Today, between end users, publishers and advertisers stand a throng of agencies, trading desks, demand side platforms, network exchanges and yield optimizers. Intermediaries track users in ...

June 16, 2018, 5:03 am, 1868041

(p. A15) Mr. Blinder cites what he calls the Lamppost Theory: "Politicians use economics the way a drunk uses a lamppost--for support, not for illumination."

For the full review, see:

Matthew Rees. "BOOKSHELF; What They Don't Teach in Econ 101." The Wall Street Journal (Wednesday, ...