Category Archives: U.S. Economy

According to the NYT, to boost incomes, the U.S. should be more like Russia, less like Germany

Russia Classroom

AS noted here yesterday, the statistics thrown around by those concerned that a workforce is lagging in education are sometimes misleading.  In the case of my post yesterday, newly appointed UMaine President Sue Hunter made some curious remarks: A part of it is when you look at educational attainment in New England … the rate […]

Degree Inflation and Amy Volk makes too much sense

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FROM a recent BDN piece (my emphasis): UMaine President Sue Hunter, who was appointed in June, spoke recently with the Bangor Daily News about her goals, the challenges the university faces and the role the university should play in the state’s economic future. . . .  A part of it is when you look at educational attainment […]

Is the economy in worse shape than the Obama defenders suggest? Um, yes.

Image: U.S. President Obama walks to speak about the Affordable Care Act at the White House in Washington

YESTERDAY on Twitter, economist Justin Wolfers, whose wife is on President Obama’s Council of Economic Advisers, tweeted out the following: Bottom line: Demographics are driving labor force participation rate down. It’s here to stay. Get used to it. #BPEA pic.twitter.com/bGrtfvNfyw — Justin Wolfers (@JustinWolfers) September 12, 2014 That post was a follow up to a post […]

Skynet is not coming for our jobs

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THE post-2008 economic recovery has been anemic by most measures, with job growth in particular making weak gains.  However, job growth in the U.S. has slowly declined over the past three decades, specifically since 2000 (the last year annual job growth in the U.S. hit 2%). Among the myriad of explanations for why job growth […]

An often ignored aspect of the Clinton Administration

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WITH former President Bill Clinton in town to stump for the Maine Dems, some are recounting the highs and lows of his administration.  A booming economy, welfare reform, the Lewinsky scandal, impeachment and the like are often mentioned.  What, unfortunately, is often neglected is the role the Clinton Administration played in the rise of high […]

Before the Corporate Tax reform debate jumps the shark

Jump the shark

THE BDN republished a Washington Post article regarding tax inversions.  Tax reversions, as well as the corporate tax code in general, are moving closer to the center of public debate, with the issue of corporate tax reform now overlapping with the issue of corporate person-hood.  While some may question the ‘economic patriotism’ of companies renouncing their […]

How are businesses responding to the ACA?

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THE impact of the ACA on the nation’s weak economic recovery continues to draw analysis and discussion.  One argument opponents of the ACA often make is that it is driving workers to cut hours and shift workers to part-time status.  To bolster this argument they often cite elevated levels in part-time employment.  While total part-time employment […]

Another Problem with the Skills Gap Argument

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Jared Bernstein has a pretty interesting post up regarding the Beveridge Curve, which in turn has some impact on the skills gap arguments taking place in Maine.  Skills gap proponents in Maine like to point to national trends to bolster their argument that the state is suffering from the national trend. On the national level, skills […]