by Henry Oliner | Sep 4, 2017 | Economics
From Deirdre McCloskey in Reason Magazine, The Myth of Technological Unemployment In 1910, one out of 20 of the American workforce was on the railways. In the late 1940s, 350,000 manual telephone operators worked for AT&T alone. In the 1950s, elevator operators by...
by Henry Oliner | Nov 8, 2016 | Economics, Politics
From The Wall Street Journal and Nicholas Eberstadt,The Idle Army: America’s Unworking Men Who are America’s new cadre of prime-age male unworkers? They tend to be: 1) less educated; 2) never married; 3) native born; and 4) African-American. But those categories...
by Henry Oliner | Aug 11, 2014 | Economics
From Robert Samuelson in The Washington Post, Interest rates and the Fed’s great ‘slack’ debate: Is it time to consider raising rates to preempt higher inflation? The answer depends heavily on the economy’s slack: its capacity to increase production without triggering...
by Henry Oliner | Jun 10, 2014 | Economics
Why Young People Can’t Find Work, by Andrew Puzder in the Wall Street Journal Excerpts: Consider these grim employment numbers: • In February the Bureau of Labor Statistics (BLS) recorded the lowest percentage of 16- to 19-year-olds working or actively looking...
by Henry Oliner | Apr 2, 2014 | Economics, Politics
William Galston writes in The Wall Street Journal, Soaring Profits but Too Few Jobs; (may require paid subscription- which I highly recommend) Excerpts: According to a report last week from the Commerce Department, corporate profits after taxes in the fourth quarter...
