Friday, December 23, 2011

Productivity and Real wages since 2007

A number of bloggers have recently discovered real wages as a labor market indicator. They are at least 3 years late to the party.

Three years ago I blogged about the effect of labor supply on real wages.

I noted how real wages had risen since 2007, and predicted that they would begin to decline in 2010.

I have continued to update this work, eg here, and here.

The fact is that the real wage time series fits my recession narrative very well.


TGGP said...

Noah Smith responds here.

TGGP said...

The economix post linked above was cross-posted to this blog here.

Victorria said...

This is definitely a blog worth following. You’ve got a great deal to say about this subject, and so much knowledge.

house and lot for sale in bulacan

ford said...

It is my honor and privileged to found and read your post. It made me learn a lot of different ideas. I share this to homes for sale laguna for the information.

Unknown said...

cottages for rent in ontario
It’s really great post. I would like to appreciate your work and would like to tell to my friends.