I'm sorry to hear this. This posting has been a reliable and informative
aspect of PEN-L for a long time. Thanks, Dave.
Gil
is no more. There are apparently valid concerns here at BLS that prevent me
from forwarding it, or any part of it, on a regular basis. I hope that it
has been of
Sabri Oncu wrote:
Hey, I also hired a few science Ph.Ds from very respectable
schools for boring programing jobs (Ravi would know what I mean
if I say they were required to write FORTRAN programs) for about
$50K.
i see what you mean, but fortran is a pleasure compared to what a lot of
From: Sabri Oncu [EMAIL PROTECTED]
Reply-To: [EMAIL PROTECTED]
To: PEN-L [EMAIL PROTECTED]
Subject: [PEN-L:24781] Re: BLS Daily Report
Date: Tue, 09 Apr 2002 16:19:02 -0700
From today's BLS daily report:
Education increases income, says USA Today,
in its page 3B box showing median
You wrote:
The income is by household, not individual.
I know. Of all the ones I hired, only one of the PhDs was married
but his wife did not work so his income was his household income.
That means all of the incomes I mentioned were household incomes
since, with the exception of him, my guys
From today's BLS daily report:
Education increases income, says USA Today,
in its page 3B box showing median household
income, based on education. According to it,
households in which there is a professional
degree have an income of $100,000; those with
a doctorate degree, $97,325;
BUREAU OF LABOR STATISTICS, DAILY REPORT, TUESDAY, MARCH 5, 2002:
Average job tenure fell to 7 years in 2001 from 8 years in 2000 and 9 in
1999, says a survey of about 2,900 of its laid-off clients by outplacement
concern Drake Beam Morin (The Wall Street Journal, Work Week feature, page
A1).
RE
It's not easy to read the tenure numbers - tenure could rise in a
weak job market, as people hold on to what they have, and fall in a
strong one, as they feel confident about changing jobs The national
numbers don't show that much of a change between 1983 and 2000
And I believe I read
South Africa and 1 from Poland. Saskatchewan is noted for its lack of
Canadian trained doctors in rural areas.
Cheers, Ken Hanly
- Original Message -
From: Michael Perelman [EMAIL PROTECTED]
To: [EMAIL PROTECTED]
Sent: Wednesday, January 23, 2002 4:39 PM
Subject: [PEN-L:21814] Re: RE: BLS
so what does pen-l think of the following?
California hospitals will need 5,000 more workers to meet proposed minimum
nurse-staffing levels released Tuesday by California Gov. Gray Davis.
Davis' plan requires a minimum of one nurse for every five patients in
medical wards -- and fewer patients
The nurses do not exist in those numbers. He is grandstanding -- unless
we can kidnap nurses from elsewhere.
On Wed, Jan 23, 2002 at 02:28:26PM -0800, Devine, James wrote:
so what does pen-l think of the following?
California hospitals will need 5,000 more workers to meet proposed minimum
it also encourages hospitals to kick patients out.
Jim Devine [EMAIL PROTECTED] http://bellarmine.lmu.edu/~jdevine
Michael Perelman writes:
The nurses do not exist in those numbers. He is
grandstanding -- unless
we can kidnap nurses from elsewhere.
so what does pen-l think of the
PROTECTED]
Subject:[PEN-L:21814] Re: RE: BLS Daily Report
Send reply to: [EMAIL PROTECTED]
The nurses do not exist in those numbers. He is grandstanding -- unless
we can kidnap nurses from elsewhere.
On Wed, Jan 23, 2002 at 02:28:26PM -0800, Devine, James wrote:
so what
Dave Richardson's daily report notes:
BUREAU OF LABOR STATISTICS, DAILY REPORT, MONDAY, JANUARY 7, 2002l
The unemployment rate increased 0.2 percentage point to 5.8 percent in
December, the Bureau of Labor Statistics announced. U.S. payrolls declined
by 124,000 in December and have
State revenue forecasts came in below expectations last year,
so retrenchment has already begun. As state legislatures begin
convening I suspect they will take a pessimistic view of revenues
(which probably are a lagging indicator anyway) and move
accordingly. There is little indication the
On Wednesday, January 2, 2002 at 09:10:51 (-0500) Richardson_D writes:
BUREAU OF LABOR STATISTICS, DAILY REPORT, FRIDAY, DECEMBER 31, 2001:
Mass layoff events totaled 2,699 in November resulting in job losses for
293,074 workers while 350 of those events were directly or indirectly
related to
William S. Lear wrote:
On Wednesday, January 2, 2002 at 09:10:51 (-0500) Richardson_D writes:
BUREAU OF LABOR STATISTICS, DAILY REPORT, FRIDAY, DECEMBER 31, 2001:
Mass layoff events totaled 2,699 in November resulting in job losses for
293,074 workers while 350 of those events were directly or
Richardson_D wrote:
For the economists among us: how much does industrial production have to
fall before the US is ineligible to be called an industrialized country? :-)
Boswell, James. 1934-64. Life of Johnson, 6 vols. (Oxford: Oxford University
Press).
ii, p. 464: Very little business
On Friday, November 2, 2001 at 14:39:57 (-0500) Richardson_D writes:
...
The U.S. auto industry recorded its best month in history, using the lure
of no-interest loans to boost sales 24.4 percent, but risking future
damage to the companies' bottom line. None of the Detroit-area Big Three
At 02:39 PM 11/2/01 -0500, you wrote:
One government measure shows that deflation is here, says Floyd Norris
writing in The New York Times (page C1). The government's quarterly
growth report, which showed that the economy shrank in the third quarter,
reported a decline of 0.4 percent, at
Jim wrote:
hey, cool! we can see if Irving Fisher's debt-deflation theory of
depressions works.I hope it doesn't.
Dear Jim,
Can what is below may be related with that theory as well? I would appreciate
your comments, as well as the comments of others.
Sabri Oncu
+
Warning
This looks bad, very bad. It's a good article, though. One crucial thing
that leaps out it that it wasn't fixed exchange rates weren't the problem.
The exchange-rate regime simply changes the form of a crisis. Further the
E. Asian banks and financial systems didn't completely recover from
Tom Walker wrote:
Doug Henwood wrote,
remember, the U.S. economy has expanded for about 75% of
the time since the end of WW II
That sounds like an underestimate to me. All I've got handy is annual GDP
figures for Canada, 1962-99. They show 3 years out of 38 contracting.
Assuming those 3
[EMAIL PROTECTED] 07/11/01 05:34PM
- remember, the U.S. economy has expanded for about 75% of
the time since the end of WW II, though you'd never know that by
reading PEN-L -
CB: What percentage of the time before WWII did the U.S. economy expand ?
If I didn't know you better, Doug, I'd have guessed the So let me see if
I've got this right gambit is a holdover from your adolescent right-wing
Yale period. You can take the boy out of the Buckley, but you can't take the
Buckley out of the boy. Jez kiddin'.
No, of course you don't have it
Sales at wholesalers fell in May and inventories rose more than at any time in the
last 6 months, a sign that businesses may be reluctant to order more goods until the
economy picks up.
A bit of rational behaviour that helps put the whole at risk: I won't buy
until things get better, which
Rob Schaap wrote:
All very nice, except the BLS Report told us yesterday of ...
a little secret in the employment report that you should know about. The
Labor Department said payroll employment fell 114,000 in June. What it did
not tell you is that this reported change includes a bias
G'day Doug,
It's wrong at turning points; it underestimates job creation
early in recoveries, and overestimates it at peaks and early in
recessions. But that's not most of the time (which you'd never know
from reading PEN-L).
Fair enough. But we have had evidence for well over a year (in
Rob Schaap wrote:
Which little statistical fib. . .
Doug responded:
This is not a fib.
I generally have a lot of respect for the data produced by the BLS. They do a
very good job at trying to figure out what is going on in the economy. They
occasionally do introduce adjustments to take
Doug Henwood wrote,
remember, the U.S. economy has expanded for about 75% of
the time since the end of WW II
That sounds like an underestimate to me. All I've got handy is annual GDP
figures for Canada, 1962-99. They show 3 years out of 38 contracting.
Assuming those 3 minus years contracted
Richardson_D wrote:
said a senior economist at CIBC World Markets Inc. in Toronto. When trade
is falling in both directions, that is a sign that both domestic and foreign
demand are falling. (The New York Times, page C6).
Concise, coherent and cogent. Where would we be without senior
The BLS wrote:
Labor Secretary Chao, in her first budget presentation to congressional
appropriators, outlined on May 2 what she views as highlights in the Bush
Administration's first budget proposal for the Labor Department. These
include an $8.1 million funding increase for the Bureau
BLS DAILY REPORT, WEDNESDAY, APRIL 18, 2001:
The Federal Reserve reports a rebound in manufacturing, especially in autos, boosted
total production of the nation's industrial sector to a 0.4 percent seasonally adjusted
rise in March. But the burst of factory output could not make up for a very
nonetheless, the Fed cut rates in a seemingly panicked way. Is it possible that
they're freaking out about international events? or rising saving by consumers? or
what?
-- Jim Devine
There is a clear tone of consternation in the WSJ's front page account of the decision
to cut. AG has been
from the BLS daily report:
Excessive consumer and business debt, coupled with the fallout from the
recent downturn in the stock market, are the primary threats to U.S.
economic growth, according to a survey by the National Association for
Business Economics.
this sure fits with what I've
Nurses are distinctly underpaid in relation to their responsibilities -- in the
hospital, they are the ones who keep you alive. maggie
Jim Devine wrote:
I have no complaints about PAs. When I was on the HMO, the doc's office
assigned me to the PA (since they treated me as a second-class
Also, full time nurses work short staffed and forced over time on a routine
basis. My mother was just is for cancer surgery and the night nurses worked
12 hour shifts all the time. maggie coleman
Michael Perelman wrote:
Part time nurses under temporary contracts are doing quite well,
Yeah, but Physicians Assistants make more, on average, than nurses and can go
into practice for themselves. Also, at least for women, PAs often provide
better care than MDs -- for ex., PAs are midwives and provide routine
gynecological care. I went to a PA for years instead of a gyno, and she
I have no complaints about PAs. When I was on the HMO, the doc's office
assigned me to the PA (since they treated me as a second-class citizen).
Then I went on the Preferred Provider plan and got the doc himself. He's
fine, but too much into prescribing pills as a solution to all ills. I'm
Part time nurses under temporary contracts are doing quite well, although
hospitals are downgrading many traditional nursing jobs to have
non-professionals take over.
--
Michael Perelman
Economics Department
California State University
[EMAIL PROTECTED]
Chico, CA 95929
530-898-5321
fax
Some nursing jobs have been taken over by Physicians' Assistants, who are
basically low-paid MDs.
At 12:17 PM 2/26/01 -0800, you wrote:
Part time nurses under temporary contracts are doing quite well, although
hospitals are downgrading many traditional nursing jobs to have
non-professionals
I always appreciate Dave's posts -- a valuable service to us all,
especially since the latest one has the Morgan Stanley forecast that
agrees with my feeling that the odds for a recession are increasing.
Here is the beginning of the article that I mentioned:
Tech Equipment makers such as Lucent
At 11:06 AM 11/22/00 -0500, you wrote:
The New York Times profiles a family on page A22 that it describes as "an
average American family in nearly every way, according to the Bureau of
Labor Statistics". There are two children, both parents work, and they
earned about $40,000 combined last year,
[EMAIL PROTECTED] 11/22/00 11:48AM
aren't all working people trapeze artists, in a way?
(((
CB: I know balancing my budget has been quite an act for years.
Marc Linder seems to lead several lives. Remember Anti-Samuelson.
Richardson_D wrote:
The issue of mandatory overtime has become one of concern in the labor
relations arena. Employee advocates contend that employers use mandatory
overtime to reduce the costs of hiring more workers and
Michael Perelman wrote:
Marc Linder seems to lead several lives. Remember Anti-Samuelson.
He's a law prof at the University of Iowa, who seems to publish a
book a year. He co-authored a history of Brooklyn that came out about
a year ago, and Void Where Prohibited, which uses restrictions on
[EMAIL PROTECTED] 09/20/00 12:08PM
BLS DAILY REPORT, TUESDAY, SEPTEMBER 19, 2000:
-clip-
The percentage of young Americans holding summer jobs fell again this year,
due to the strong economy, expanded summer-school programs and the growing
popularity of unpaid internships, the Labor
-Original Message-
From: [EMAIL PROTECTED]
[mailto:[EMAIL PROTECTED]]On Behalf Of Charles Brown
Sent: Wednesday, September 20, 2000 12:43 PM
To: [EMAIL PROTECTED]
Subject: [PEN-L:2089] Re: BLS Daily Report
[EMAIL PROTECTED] 09/20/00 12:08PM
BLS DAILY REPORT, TUESDAY, SEPTEMBER 19
sure. if your family is wealthy enough so that
you don't care about money, they're a way to build
your resume. They're a way to use family and other
connections. In effect, it's a way that the class
origins of the privileged are preserved.
mbs
((
CB: Gee, I wonder why UNpaid
These figures sound like an underestimate. I thought the figure in the
latest edition of State of Working America was an additional 250
hours a year, with couples in $30,000-$75,000 range averaging 3800 hours
annually. Time pressures like these mean that it is ever harder to maintain
the myth
Is this Black hole a metaphor , or is it mathematically exact analogy ?
CB
((
__The current account deficit -- the broadest measure of the U.S. trade gap
-- hit yet another record high last quarter. But there is little evidence
so far that it is hurting the U.S. economy or the
Is this Black hole a metaphor , or is it mathematically exact analogy ?
CB
In either the July or August Federal Reserve Bulletin, they do sound pretty
scared about the trade deficit. Also the latest issue of Foreign Policy has
a piece by Martin Wold titled "The Mother of All Meltdowns"
The durability of the recent productivity surge will help ensure that the
U.S. economy stays on a steady path of solid expansion without threat of
inflation heating up and ending the longest period of growth in the
nation's history, a Federal Reserve official and leading business
economists
Once one gets beyond the quips of a Conference Board wag, one finds a
residue of "so-call frictional employment", to the extent that "Even in
the nation's burgeoning high-tech hubs, thousands of well-educated people
are out of work."
Following the excerpt from the BLS, I have appended a
This article might be worth discussing in more detail. Max, is it on the EPI
web?
Richardson_D wrote:
BLS DAILY REPORT, THURSDAY, JULY 20, 2000
An important but frequently overlooked factor in the nationwide decline in
crime over the past few years has been the corresponding decline in the
Everything that I read suggests that flexible hours means that employers want
workers to be more flexible.
Richardson_D wrote:
BLS DAILY REPORT, FRIDAY, JUNE 23, 2000:
Flexible hours -- "the most strongly sought, but most elusive workplace
benefit" -- are likely to occupy an
Thanks for this, I've forwarded it to the crashlist but without attribution:
in future do you want me to forward it in your name, or would you like me to
sub you to the List?
Mark Jones
http://www.egroups.com/group/CrashList
- Original Message -
From: "Richardson_D" [EMAIL PROTECTED]
Thanks for this, I've forwarded it to the crashlist but without attribution:
in future do you want me to forward it in your name, or would you like me to
sub you to the List?
Mark Jones
http://www.egroups.com/group/CrashList
I have subbed you to my new list, LongWave2000,
where we will discuss
Mark Jones wrote:
Doug Henwood wrote:
Hmm, well last I checked, which was year-end 1999, the SP 500 was at
2.9 times its long-term trend price (long-term defined as since
1871). So just going back to the trendline would take the index down
by 2/3, to a Dow-equivalent of 3735. And, as
Doug Henwood wrote:
I think the great bull market (1982-2000?) is
basically over
Bull markets aren't usually followed by plateaux, are they? My infamous bet
with poor Max was also based on a back-of-envelope calculation that the Dow
would logically fall to 3k. BTW, even that would not mean
At 05:27 PM 3/10/00 -0500, you wrote:
With little evidence from the survey or other data that growth has
slowed-despite four interest-rate increases since last June--the Fed is
expected to raise rates again at a March 21 policy making meeting. The
Fed wants slower growth to make sure
I thought that this stuff had been put to rest.
Richardson_D wrote:
BLS DAILY REPORT, WEDNESDAY, MARCH 1,2000
More than three years after concluding that the Consumer Price Index
overstated inflation by 1.1 percentage points a year, a group of prominent
economists says changes made to the
BLS Daily Report: "The number of work stoppages hit an all-time low in
1999, with only 17 reported, BLS said. The 17 work stoppages amounted to
half the number reported in 1998 and the lowest since BLS started keeping
records in 1947. In the early 1950s, the high point of work stoppages,
nearly
Hey, Paul, haven't you heard? We can't afford the social insurance
programs we've had in the past. Because of decades of capital
accumulation and increasing GDP/capita, our societies have become
poorer. Anyone who doesn't know this hasn't been reading the papers or
watching TV.
Peter
[EMAIL
Can anyone tell me why the US economy, reputably the strongest
and most vibrant (in terms of technological improvement) in the
world, is increasingly forced to dragoon its aged to work in order to
maintain the minimal (frequently poverty level) standard of its senior
citizens? Is this the
Child labor? Not quite. The narrow-gauged answer is that unlike most social
insurance systems, the American social security system is supposed to be
self-financing--i.e. it is supposed to be financed from payroll taxes alone and
not take money from general revenues. This means that in the last
Is there a document that explains the difference between the new and old
classification systems and (ideally) demonstrates a crosswalk?
Peter
Richardson_D wrote:
BLS DAILY REPORT, TUESDAY, OCTOBER 26, 1999
Under the new industrial classification system devised by the federal
government,
If someone said that "high school" is affordable to most Americans that
would probably be found quite unacceptable. Why is it that the state's
obligation to provide education to everyone who can benefit does not extend
to post-secondary education?University should be free, as it is in Cuba. I
William S. Lear wrote:
Is there information available as to the increases in tuition at
various levels over, say, the past 20 years?
See http://nces.ed.gov/pubs/Digest97/d97t312.html. Full listing of
tables is at http://nces.ed.gov/pubs/Digest97/listtables.html.
Doug
Tuition might be affordable, but in my classes I would guess the typical
student works 15 to 20 hours a week. This outside work has increased
enormously in the past two decades and represents the chief cause in the
decline in what we can teach in a typical semester.
-- Michael Perelman
On Tuesday, October 26, 1999 at 12:11:05 (-0400) Richardson_D writes:
...
For most Americans, college remains affordable, according to a graph
in USA Today (page 1A). More than half of the students who were
attending a 4-year institution during 1999 to 2000 paid less than
$4,000 in tuition and
Jim Devine wrote:
Does anyone know what the theory is that the new definition of the poverty
line is based on? is this based on Patricia Ruggles' research?
Among others. See http://www.census.gov/hhes/www/povmeas.html.
Doug
The Census Bureau has begun to revise its definition of what constitutes
poverty in the United States, experimenting with a formula that would drop
millions more families below the poverty line. The bureau's new approach
would in effect raise the income threshold for living above poverty to
At 04:59 PM 10/14/99 -0400, Dave Richardson forwarded:
BLS DAILY REPORT, THURSDAY, OCTOBER 14, 1999:
... As the economy continues to grow and suburban jobless rats remain at
record low levels, seasonal employees have become such rare finds that
retailers warn that this holiday season
A brief response to the latest word from BLS about workplace fatalities:
1. BLS attempts to tabulate fatal workplace injuries primarily; most
fatal diseases are not recorded. The rule of thumb in this business is
that there are 10 occupational disease fatalities for each fatal injury.
2. BLS
Though it may be bad manners to bask in the misfortune of others, it is
now apparent that the economic crisis that began in Asia 2 years ago turned
out to be a great tonic to the U.S. economy. But now, with Asian economics
on the mend, their gain could mean some pain here. The U.S. economy now
Jim Devine wrote:
In what way was the 1997 Asian economic crisis a "great tonic" to the US
economy? Is it because the price of US imports fell?
That, plus massive capital inflows (ca. $1 trillion since 1995).
How much real recovery is there in Asia? or is it just financial markets
and banks
More good news?
The Washington Post views the record personal savings deficit as "giving the
Fed ammunition" to justify a rate rise. But the other side of the coin is
that it makes the upward adjustment of interest rates precarious. An
increase in debt service costs has to either erode
William S. Lear wrote:
Dave, any way you can turn off the Microsoft crud that always follows
the text?
I don't get any Microsoft crud at the bottom of mine. Maybe Eudora's smart
enough to repress it.
Doug
Dave, any way you can turn off the Microsoft crud that always follows
the text?
Bill
On Thu, February 11, 1999 at 15:42:40 (-0500) Richardson_D writes:
BLS DAILY REPORT, THURSDAY, FEBRUARY 11, 1999:
...
It would be interesting to know what the composition of this NAS panel
is. Any friends of EPI?
Peter Dorman
Richardson_D wrote:
BLS DAILY REPORT, THURSDAY, FEBRUARY 4, 1999
Next month, a newly appointed committee convened by the National Academy of
Sciences will begin a 2-year study of
It would be interesting to know what the composition of this NAS panel
is. Any friends of EPI?
Peter Dorman
Next month, a newly appointed committee convened by the
National Academy of
Sciences will begin a 2-year study of a wide range of issues
related to cost of living indexes .
Richardson_D forwarded from the BLS:
BLS has asked for $7
million to complete the revisions to the CPI to make it reflect more
accurately cost-of-living changes
Wanna bet that means a still-lower CPI?
Doug
BLS DAILY REPORT, MONDAY, FEBRUARY 1, 1999
"This economy is the wonder of the economic world," Robert
Dederick, consultant with the Northern Trust Co., tells the Bureau of
National Affairs. "This is rewrite the [economic] textbook time. While the
consumer continues to buy as if there is no
__The AFL-CIO, pointing to new statistics from BLS that show membership in
unions increased by more than 100,000 in 1998, says the organizing strategy
laid out by the federation's leadership more than three years ago is
working.
In what is called putting a positive spin . . .
The density of
Tom Walker wrote:
RELEASED TODAY: Median weekly earnings of the nation's 96.2 million
full-time wage and salary workers were $541 in the fourth quarter of 1998.
This was 5.9 percent higher than a year earlier, compared with a gain of 1.5
percent in the CPI-U over the same period. ...
Four and
G'day Ellen and Jim,
Jim writes:
IMHO, the strength of the US stock market first and foremost reflects the
strength of the US profit rate
I get confused here. Many 1998 annual reports within the Fortune 500
pointed at DECLINING profits, no? And might we not be conflating 'core
business'
Ellen quotes:
BLS DAILY REPORT, WEDNESDAY, JANUARY 6, 1999
The prevailing view at the three-day meeting of the American Economic
Association was that high stock prices probably reflect the economy's actual
strength and not a speculative bubble that could burst. ... In the minds of
many
strength and not a speculative bubble that could burst...In the minds of
many economists, the stock market serves mainly as a gauge of the real
economy and a stimulus for spending.
I guess that means that "in the minds of many economists" the real economy
grew 2.5% yesterday but then shrunk a
At 10:45 AM 1/7/99 -0500, you wrote:
BLS DAILY REPORT, WEDNESDAY, JANUARY 6, 1999
The prevailing view at the three-day meeting of the American Economic
Association was that high stock prices probably reflect the economy's actual
strength and not a speculative bubble that could burst. ... In the
On Thu, 7 Jan 1999, Jim Devine wrote:
Ellen writes:
Over the last few days, I have been looking over data on wages, exports,
bankruptcies, etc. in the former so-called emerging markets. International
capital, it seems, is really putting the screws to the laboring classes in
Asia and
Seems like "a" ,not "the", triumph of
capitalism.
Charles Brown
"Ellen T. Frank" [EMAIL PROTECTED] 01/07 12:16 PM
At 10:45 AM 1/7/99 -0500, you wrote:
BLS DAILY REPORT, WEDNESDAY, JANUARY 6, 1999
The prevailing view at the three-day meeting of the American Economic
Association was that high
Gosh, well I didn't get to any of those sessions where
people were being so pollyannaish about the US stock
market. OTOH lots of us have gotten burned predicting
imminent collapses, etc., that have not happened, or were
followed more than compensatory runups, as in the second
half of
Barkley Rosser wrote,
Of course he could be wrong and this is January, when
the "January Effect" of unusually rapidly rising stock
prices frequently happens. But then October is often a
time of unusual declines and this last one saw a record
runup. Oh well, we shall just have to wait
Doug writes:
Ok, the adjustments to the CPI so far have lowered it by 0.4 points, and
here we've got another 0.2. It looks like the Boskinites have won. Last
time I said that, people disagreed, but I'm going to say it again.
Not to minimize the bad news concerning this reestimation, but the good
Doug Henwood wrote,
sounds
like the Fed is worried about the stock market, now that the crisis period
in Asia is fading. The president of the Atlanta Fed gave a speech the other
day that evoked bubblish fears, though in that careful way Fedsters do.
I was wondering when someone was going to
Jim Devine wrote:
Not to minimize the bad news concerning this reestimation, but the good
news, as Dave Richardson pointed out awhile back, is that lower measured
inflation rates mean that the Fed is less likely to get pressured to step
on the brakes.
I'm way out of touch here in southwestern
Richardson_D wrote:
"Consumer Choice and the CPI: Tossing a Variable Into the Market Basket" is
the title of a "Trendlines" article by John M. Berry in the Washington Post.
Berry says that BLS has been publishing an experimental version of the CPI
that adjusts for consumer substitution of an
On Tue, 15 Dec 1998, Doug Henwood wrote:
Michael Perelman wrote:
In response to Tom's question below, I suspect that the Bank of International
Settlements may be correct in so far as they go. The norm is not for a
company
to remove jobs via direct investment in a facility abroad.
There is plenty of arguments and evidence as why FDI in LDCs do not
displace jobs in the home countries in the same magnitude as popular
perceptions might warrant. The reason is different segments of the
production process or different types of production are normally farmed
out. In other words
There's a huge literature on this topic, which I don't have time to get
into right now. (I summarized and critiqued the first wave of it in a
report I wrote to the Labor Dept. back in 1995.) All I will say right
now is that the question has generally been ill-posed. (1) It looks for
absolute
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