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David Watson 🥑
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Matt Wimble
@WimbleMatt
It’s geographically heterogeneous. Go to Saginaw or Flint. That is hollowed out. It’s not enough to Google it. You have to see it in person. That’s the problem with averages.
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The Springfieldian
@nelsfrye
Some good arguments, but you always have to remember that we are up against the CCP here. They care about resources in the broad sense. Not whatever statistical measure of money we might be using.
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Pedro Marques
@PedroEconGeog
The argument usually is that though wages have grown, they did slower than GDP growth, which means that most of the gains went to 'the top'. Doesn't this matter? Especially if that concentration can make life harder for everyone else, through higher housing costs for instance?
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stork
@cool_junk_1000
Perhaps the issue is that the bottom 10% or so is becoming more vocal, thus politically powerful? A higher fraction of Asian Americans also stand out in ways that Irish and Italians don't, fueling resentment? Or perhaps it's the competition with women -- this is largely men.
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Tartarus-стан
@Tartar_rus
However, this chart is also true and bad for the two countries at the bottom. Lesser value added = lower competitiveness, smaller number of workers make good money, weaker innovations.
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Maia
@maiamindel
The Chicago Pope implies the existence of a New Keynesian Pope and a Behavioral Pope
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Erick Erickson
@EWErickson
It's actually a pretty shitty deal with the UK. First, they told us the 10% tariff was just a baseline for negotiations to get to free trade deals. Now we're being told the 10% tariff is for keeps. That's just a tax on the American people.
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