by Mike Kimel Cross posted at the Presimetrics blog Employment During Recoveries from Recessions – Long Term Trends The following graph of the employment to population ratio was obtained from…

…of Bowie’s oeuvre had provided a level of patronage that’s inconceivable for a musician of Bowie’s bent today…he spent the Nineties as a free agent, jumping from label to label,…

…opponents of mechanization or advocates of short-time working, a reasoning they label as a misconception and which we know today under the label ‘lump of labor’ fallacy ‘. But the…

…models of this sort by the late Richard Goodwin, who had a Marx-influenced predatory model of class struggle cyclical fluctuations. Their early models were labeled as Kynes-Wicksell-Goodwin (KWG) models. But…

…year as well for these negative GDP outcomes, even as employment and income held up. But in fact this item is not precisely what its label says it is.  It…

…after a rapid recovery early in the cycle. Relative to the level of employment at the cycle peak, the increase in employment over the subsequent five and a half years…

…output’ fallacy. You must always have a theory of how output is determined and you must never say, ‘Higher output per worker reduces employment, because it reduces the employment needed…

…but if we take total benefit payouts in the aggregate we have cost totals primarily driven by employment numbers, Real Wage, and CPI. And this aggregate number represents 99% or…

…powerless to affect the aggregate levels of spending and employment in the economy – they could only redirect resources from the private to the public sectors. This, of course, is…

…reject the label outright, though, he chose to examine it more closely. Marx observed that for labor-power to appear on the market as a commodity, the sellers must first be…