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Don't Want a Robot to Replace You? Start Reading Literature

Click here for reuse options! An economist and a literature scholar argue that studying the humanities is the key to job security. Editor's Note: This post originally appeared on the blog of the Institute for New Economic Thinking. Morton Schapiro, president of Northwestern University, is an economist. Show More Summary

The Economic Outlook for Millennials is Bleak. Now They’re Unionizing in Record Numbers.

Add one more thing to the list of retro things young Americans are rediscovering: Unions. According to the Economic Policy Institute, a liberal think tank, 76 percent of new union members in 2017 were under 35. That’s pretty significant, considering that workers 34 and under make up just 40 percent of the country’s total workforce. […]

Economic Inequality Is About To Get Even Worse

Washington Post, Massive New Data Set Suggests Economic Inequality Is About to Get Even Worse: The “endless inegalitarian spiral” may be coming for us sooner than we think. In his best-selling 2014 book “Capital in the Twenty-First Century,” French economist Thomas Piketty warned that if the already rich were able...

Economic Outlook Hits New High

A new Quinnipiac poll finds that 63% of American voters say the nation’s economy is “excellent” or “good,” while 34% say it is “not so good” or “poor.” More think President Obama is mostly responsible for the state of the [...]

How the Right-Wing Media Totally Distorted Positive News on Climate Change

Economist Michael Grubb says media climate deniers are at it again. This interview was originally posted on the blog of the Institute for New Economic Thinking. Michael Grubb, professor of energy and climate change at University College...Show More Summary

Rand suggests little difference between a CETA and EEA model for the British economy

A new study by US think tank Rand examining the impact of different Brexit scenarios for the UK economy, suggests that the row over whether the UK should opt for a CETA or EEA-style Brexit is less about economics than politics. The post Rand suggests little difference between a CETA and EEA model for the British economy appeared first on Open Europe.

YA THINK? A new cryptocurrency won’t solve Venezuela’s economic crisis. Venezuelan president Nico…

YA THINK? A new cryptocurrency won’t solve Venezuela’s economic crisis. Venezuelan president Nicolás Mauro thinks that a new digital currency could revive the country from economic collapse and help it sidestep US sanctions. During the latest episode of his weekly TV show Los Domingos con Maduro, the president announced his plans to launch the ‘petro’ […]

Deputy mayor's faux pas

Alternative facts are not exclusive to the Trump administration, a senior city official demonstrates in a new video. "I think I was the first female deputy mayor for economic development," Deputy... To view the full story, click the title link.

"Worse Than Big Tobacco": How Big Pharma Fuels The Opioid Epidemic

Authored by Lynn Paramore via The Institute for New Economic Thinking, Once again, an out-of-control industry is threatening public health on a mammoth scale Over a 40-year career, Philadelphia attorney Daniel Berger has obtained millions in settlements for investors and consumers hurt by a rogues’ gallery of corporate wrongdoers, from Exxon to R.J. Show More Summary

Sunday assorted links

1. 95 pp. Timur Kuran survey on the economics of Islam. 2. New paper on identification in macroeconomics. 3. “Are neoliberals mean?” 4. Ross Douthat seems to think that Hugh Hefner is something other than underrated (NYT). 5. And who...Show More Summary

Economists Think Republicans’ Tax Numbers Are a Joke

As Republicans have taken to the airwaves to push their new tax plan, they’ve claimed their cuts will trigger stunning economic growth—and thereby bring in more tax revenue than they expect to lose from the cuts. It’s a classic line from supply-side economics backing Republicans, eager to justify tax cuts by promising growth and tax gains that, history has shown, will never […]

Why ‘job creation’ is the wrong benchmark for economic stability

6 months agoTechnology : Venture Beat

GUEST: I’m not going to pull any punches — too many cities think of job creation or the number of new jobs added this month as a reliable indicator of long-term economic viability and success. These people are wrong. Will there continue to be high-paying jobs in our country? Yes. Will there continue to be high-paying […]

Trump Adviser Thinks a New Car Costs $1,000

[White House] Economic advisor Gary Cohn told reporters on Thursday that a typical four-person American family bringing in $100,000 a year would save $1,000 under the Republicans' proposed tax reform effort, which they could use to pay for a new car or a kitchen. Show More Summary

10 Principles For Surviving New Business Challenges

As the economy flourishes after some tough economic times, more and more people seem to be turning to entrepreneurship as an alternative to traditional employment. I applaud this trend, but caution all of you thinking this direction to approach entrepreneurship with your eyes wide open. Show More Summary

New Report: Are Our Supply Chains Less Responsible Than We Think?

Categories: CSR, Industry News, Procurement, Supply Chain, Sustainability Tags: L1, Sourcing & Categories Corporations are becoming wealthier. As of last year, 69 of the world’s 100 biggest economic entities are not nations but businesses, an increase from 63 in 2015. Show More Summary

The Economics of Amtrak

Amtrak’s co-CEO Wick Moorman has announced that the passenger railroad is thinking of offering a new service to compete with the airlines: economy seating that is crammed together as tightly as airline seats. This was immediately blasted...Show More Summary

CNN Pushes Democratic Policy and Talking Points on Health Care

On CNN's New Day Tuesday morning, CNN Global Economic Analyst Rana Foroohar advocated for a single-payer health care system. She ridiculously claimed the following: You know, I think really what we need and what most countries have is...Show More Summary

Flawed 'gravity model' Brexit predictions were 'overly pessimistic' about the economy, study says

The estimates of the economic impact of Brexit were "overly pessimistic," a new report has suggested. The Policy Exchange think tank says the models used to assess Brexit's impact were misleading. The report says the effect of leaving...Show More Summary

American carnage?

Institute for New Economic Thinking Lance Taylor describes his thinking on the great divide.  Worth a look: President Trump, in his inaugural address and elsewhere, rightly says that over the decades since 1980 American household distributions of income and wealth became strikingly unequal. But if recent budget and legislative proposals from Trump and the House […]

Amazon’s New Customer | Ben Thompson

Amazon’s New Customer | Ben Thompson: Thompson is one of the smartest people thinking deeply about the new economics of our era. He disassembles the Whole Foods acquisition by Amazon with cutting logic: Amazon wins in its many markets...Show More Summary

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