misc links

It's Hard to Find Good Help, Chicago Cubs Edition by Dean Baker

Inflation Erodes Assets: That’s Why Some People Fear It by Jared Bernstein

Hegel Meets Reagan by Andrew Hartman

The many hands of Fed Chair Janet Yellen by Jared Bernstein

What are the long-term factors suppressing wage growth? In fact, Yellen cites a recent paper on the decline in labor’s share of national income, attributing that decline — though she omits this point — to “the offshoring of the labor-intensive component of the U.S. supply chain,” i.e., the loss of jobs due to imbalanced trade.

Yellen links to The Decline of the U.S. Labor Share by  Elsby, Hobijn, and Sahin

WEEKEND READING: JANET YELLEN: LABOR MARKET DYNAMICS AND MONETARY POLICY