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Christopher Clarke

@EconChrisClarke • 7,946 subscribers

"D1 Yapper but in a good way" - Rate my professor I do Economics Stuff over on TikTok. Assistant Professor (career-track) at @WSUPullman @WSUecons

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Economist Stephen Moore claims BLS overestimated Biden job numbers by 1.5M. Unfortunately, he commits numerous errors. Over Biden's 4 yrs, the BLS initially underestimated jobs by 700k from the initial monthly estimate compare to the most recent benchmark.

Economist Stephen Moore claims BLS overestimated Biden job numbers by 1.5M. Unfortunately, he commits numerous errors. Over Biden's 4 yrs, the BLS initially underestimated jobs by 700k from the initial monthly estimate compare to the most recent benchmark.

Christopher Clarke

402,149 Aufrufe • vor 10 Monaten

I think we now have real evidence that AI exposure is associated with job decline for age <25. The Canary in the Coalmine paper addresses a lot of concerns. While economic science takes time; now is the time to think about policy responses. Erik Brynjolfsson Bharat Chandar Ruyu Chen

I think we now have real evidence that AI exposure is associated with job decline for age <25. The Canary in the Coalmine paper addresses a lot of concerns. While economic science takes time; now is the time to think about policy responses. Erik Brynjolfsson Bharat Chandar Ruyu Chen

Christopher Clarke

53,414 Aufrufe • vor 2 Monaten

Despite a larger increase in the young college unemployment rate, non-college young workers have dropped out of the labor force. Overall? All young people saw job declines by the same rate. This isn't a college story. It's an early career story. Adam Ozimek Nathan Goldschlag 🧵

Despite a larger increase in the young college unemployment rate, non-college young workers have dropped out of the labor force. Overall? All young people saw job declines by the same rate. This isn't a college story. It's an early career story. Adam Ozimek Nathan Goldschlag 🧵

Christopher Clarke

49,352 Aufrufe • vor 2 Monaten

No Planet Money! Not the Fake Graph! You can't compare mean productivity to median wages. When we do compare mean to mean, the gap disappears. Real median wages are not stagnating either. We need accurate data to solve today's very real problems. NPR's Planet Money

No Planet Money! Not the Fake Graph! You can't compare mean productivity to median wages. When we do compare mean to mean, the gap disappears. Real median wages are not stagnating either. We need accurate data to solve today's very real problems. NPR's Planet Money

Christopher Clarke

111,711 Aufrufe • vor 6 Monaten

Should the new poverty line be $140k? No. It's inaccurate math. It's inaccurate English. Michael Green seems to use a "comfortable living wage" source, and relabel it as "poverty."

Should the new poverty line be $140k? No. It's inaccurate math. It's inaccurate English. Michael Green seems to use a "comfortable living wage" source, and relabel it as "poverty."

Christopher Clarke

42,835 Aufrufe • vor 7 Monaten

Economic research finds rent control benefits higher income earners by converting apartments into expensive condos. Unlike other controversies, econ theory, 50 yrs of data testing, and a simple supply & demand model all tell the same story. We need to 🏗️ 🏘️ not mess with prices.

Economic research finds rent control benefits higher income earners by converting apartments into expensive condos. Unlike other controversies, econ theory, 50 yrs of data testing, and a simple supply & demand model all tell the same story. We need to 🏗️ 🏘️ not mess with prices.

Christopher Clarke

81,794 Aufrufe • vor 1 Jahr

GenZ is making more money than the rest of us. Good. We still have a lot of inequality. Bad. Even Hayek cared about relative incomes. Good news: Wage growth for bottom 10% is catching up.

GenZ is making more money than the rest of us. Good. We still have a lot of inequality. Bad. Even Hayek cared about relative incomes. Good news: Wage growth for bottom 10% is catching up.

Christopher Clarke

43,473 Aufrufe • vor 11 Monaten

Economics still can't predict nor control recessions & inflation very well. But it sure knows a thing about trade. Using a simple Ricardian gravity model of trade along with digitized cuneiform accounting records, we have new evidence for the location of lost Anatolian cities.

Economics still can't predict nor control recessions & inflation very well. But it sure knows a thing about trade. Using a simple Ricardian gravity model of trade along with digitized cuneiform accounting records, we have new evidence for the location of lost Anatolian cities.

Christopher Clarke

54,540 Aufrufe • vor 1 Jahr

This is really fascinating. Forest and grassland converted to crops in 19th cent. 20th cent urbanization. But also notice some re-forestation in TX and South East. After 1920, total forested land is fairly stable. This was a lot of fun to make. Data from Hanqin Tian et al.

This is really fascinating. Forest and grassland converted to crops in 19th cent. 20th cent urbanization. But also notice some re-forestation in TX and South East. After 1920, total forested land is fairly stable. This was a lot of fun to make. Data from Hanqin Tian et al.

Christopher Clarke

29,120 Aufrufe • vor 11 Monaten

Deportations lowered demand for 🏠. But they likely lowered the supply of 🏠 by even more. Net effect? Increased prices. We've tested this. Given that the U.S. stopped 🏗️ 🏘️ 15 years ago, I'd say it's housing supply, not recent immigration demand that is the primary cause.

Deportations lowered demand for 🏠. But they likely lowered the supply of 🏠 by even more. Net effect? Increased prices. We've tested this. Given that the U.S. stopped 🏗️ 🏘️ 15 years ago, I'd say it's housing supply, not recent immigration demand that is the primary cause.

Christopher Clarke

39,427 Aufrufe • vor 1 Jahr

Nobody lied here. Please read tables more carefully. You say private grocery data (Datasembly: 2.7%) is higher than BLS (1.9%.) But Truflation is at 1.5%. Also, I think the OER complaints are valid, but their effects may not be that big. Zillow inflation is down. Zachary Foust

Nobody lied here. Please read tables more carefully. You say private grocery data (Datasembly: 2.7%) is higher than BLS (1.9%.) But Truflation is at 1.5%. Also, I think the OER complaints are valid, but their effects may not be that big. Zillow inflation is down. Zachary Foust

Christopher Clarke

15,735 Aufrufe • vor 6 Monaten

BLS preliminary estimates have actually increased their accuracy over time. There is always room for improvement and survey responses have decreased. Improved accuracy requires more resources, not less.

BLS preliminary estimates have actually increased their accuracy over time. There is always room for improvement and survey responses have decreased. Improved accuracy requires more resources, not less.

Christopher Clarke

17,456 Aufrufe • vor 11 Monaten

Claudia's Nobel winning research is economics at its best! Covering a previously understudied field; working towards greater equality; holistic in its approach; using both wide empirics, formal theory, as well as historical narratives; a generous mentor...and she's got a Goldie!

Claudia's Nobel winning research is economics at its best! Covering a previously understudied field; working towards greater equality; holistic in its approach; using both wide empirics, formal theory, as well as historical narratives; a generous mentor...and she's got a Goldie!

Christopher Clarke

34,122 Aufrufe • vor 2 Jahren

Are the economic Degrowth scholars actually choosing the "decent" standard of living they advocate for? Do they not have dryers, dishwashers, or TVs? If not, well... there's an "h" word for that. This entire literature is a distraction from real environmental solutions.

Are the economic Degrowth scholars actually choosing the "decent" standard of living they advocate for? Do they not have dryers, dishwashers, or TVs? If not, well... there's an "h" word for that. This entire literature is a distraction from real environmental solutions.

Christopher Clarke

11,304 Aufrufe • vor 7 Monaten

Sen. Rand Paul claims food stamp spending doubled "an alarming trend." But this relies on 4 mistakes. 1. Graph can't replicate. 2. Need to Adj for Inflation 3. Economy is now bigger. 4. Share of pop on food stamps actually declined. Conclusion: There is no trend.

Sen. Rand Paul claims food stamp spending doubled "an alarming trend." But this relies on 4 mistakes. 1. Graph can't replicate. 2. Need to Adj for Inflation 3. Economy is now bigger. 4. Share of pop on food stamps actually declined. Conclusion: There is no trend.

Christopher Clarke

11,304 Aufrufe • vor 8 Monaten

Who are economists voting for? There are many different views. 27 nobels endorsed Harris. None have endorsed Trump. One worry is the firing of professional civil servants to be replaced by partisan loyalists. This happened in Argentina in 2007 leading to 17 yrs of high inflation.

Who are economists voting for? There are many different views. 27 nobels endorsed Harris. None have endorsed Trump. One worry is the firing of professional civil servants to be replaced by partisan loyalists. This happened in Argentina in 2007 leading to 17 yrs of high inflation.

Christopher Clarke

17,309 Aufrufe • vor 1 Jahr

Economic degrowth in 2020 reduced global carbon emissions by around 5%. With the reduction of GDP, this came at a cost of $1700+ per ton. Investing in renewables only costs around $60 per ton. Degrowth is not a serious solution.

Economic degrowth in 2020 reduced global carbon emissions by around 5%. With the reduction of GDP, this came at a cost of $1700+ per ton. Investing in renewables only costs around $60 per ton. Degrowth is not a serious solution.

Christopher Clarke

15,231 Aufrufe • vor 1 Jahr

Economic majors earn a higher salary out of college than any other business related major. Why’s that? Economics gives you skills that employers are looking for because you can apply it to various different subjects and gives you a different perspective at the market.

Economic majors earn a higher salary out of college than any other business related major. Why’s that? Economics gives you skills that employers are looking for because you can apply it to various different subjects and gives you a different perspective at the market.

Christopher Clarke

19,337 Aufrufe • vor 2 Jahren