Supply and Demand (in that order)

Treasury Secretary Yellen does not see any indicator of an imminent recession.   She isn’t looking.  The normal economic tailwinds have cal...

The traditional models of regulations and growth treat regulation as an adverse productivity shock (more inputs for the same output) in orde...

THE ESTIMATES BELOW WERE MADE CIRCA MARCH 20, 2020.  Updated estimates are available here , complete with additional cost categories and r...

According to the Department of Labor, it is now adding 4.2 million workers and their employers to those required to obey detailed federal r...

Posted over a year ago as Modern Wage Economics: Too Subtle for the Blogosphere? , but some fallacies never die : Our economy uses a lot l...

The ACA reduces hourly employer cost in at least 3 ways: (1) employer penalty. I doubt the national accountants will count this as emp...

Copyright, The New York Times Company As robots begin to move goods and people from place to place, urban land might become more valuable....

Copyright, The New York Times Company The forces of supply and demand suggest that the machines of the future will continue to be signific...

Copyright, The New York Times Company As any parent can attest, caring for young children is time-intensive. As a result, child care is on...

Our economy uses a lot less labor than it did 10 years ago, and for good reason people are interested in the relative importance of supply ...

Copyright, The New York Times Company Driverless vehicles would be a windfall for households and businesses that acquire them but would pr...

Copyright, The New York Times Company The current federal minimum wage of $7.25 an hour is increasingly creating economic damage that need...

Copyright, The New York Times Company The labor market effects of employer confidence are probably real but have been exaggerated. American ...