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Paul Krugman @pkrugman.bsky.social · 21 days
Illuminating report on the state of American workers: eig.org/american-wor...   My response essay here: eig.org/wp-content/u...
The American Worker Project: Toward a New Consensuseig.org The American Worker Project: Toward a New Consensus At the heart of the ongoing realignment of American politics is a fierce debate over how to improve the lives of workers. But too often missin...
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Richard H. Serlin @richardhserlin.bsky.social · 21 days
Paul, try calculating the percentage of GDP spent on basic scientific research in the US. It's astonishingly small given the long run expected return to total societal utils. It would be very easy to increase this many fold -- You don't think this would likely increase long run productivity greatly?
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Richard H. Serlin @richardhserlin.bsky.social · 21 days
Positional externalities are monumental and profound, yet stunningly almost completely ignored in economics, and they are crucial here. Also, what about the increase in hours worked by a family today versus in 1980, when many wives did not work outside the home.