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STEM crisis or STEM surplus? Yes and yes : Monthly Labor Review: U.S. Bureau of Labor Statistics
Economic projections point to a need for approximately 1 million more STEM professionals than the U.S. will produce at the current rate over the next decade if the country is to retain its historical preeminence in science and technology. via Pocket
IFTTT  Pocket  career  economics  education 
18 hours ago by casfindad
The financialisation of UK homes | New Economics Foundation
The vicious circle of house price inflation, and how to change it
economics  housing 
20 hours ago by magnusc
The scale of tech winners — Benedict Evans
Big tech companies today are much bigger than the big tech companies of the past. It’s useful, though, to put some real numbers on that, and to get a sense of use how much the scale has changed, and what that means.
amazon  apple  facebook  google  tech  economics 
20 hours ago by SimonHurtz
Left in the lurchGlobalisation has marginalised many regions in the rich world
Between 1990 and 2010 the rate of economic convergence across American states slowed to less than half what it had been between 1880 and 1980. It has since fallen close to zero. Rich cities started pulling away from less well-off counterparts (see chart 1). According to the Brookings Institution, a think-tank, in the decade to 2015 productivity growth in American metropolitan areas was highest in the top 10% and the bottom 20% (where, by definition, the baseline was low). Struggling middle-income cities like Scranton fell further behind. A recent report by the OECD found that, in its mostly-rich members, the average productivity gap between the most productive 10% of regions and the bottom 75% widened by nearly 60% over the past 20 years.
Numbers  economics  studies  links  via:Workflow 
23 hours ago by cote
Frontier Culture: The Roots and Persistence of “Rugged Individualism” in the United States∗
In a classic 1893 essay, Frederick Jackson Turner argued that the American frontier promoted individualism. We revisit the Frontier Thesis and examine its relevance at the subnational level. Using Census data and GIS techniques, we track the frontier throughout the 1790–1890 period and construct a novel, county-level measure of historical frontier experience. We document the distinctive demographics of frontier locations during this period—disproportionately male, prime-age adult, foreign-born, and illiterate—as well as their higher levels of individualism, proxied by the share of infrequent names among children. Many decades after the closing of the frontier, counties with longer historical frontier experience exhibit more prevalent individualism and opposition to redistribution and regulation. We take several steps towards a causal interpretation, including an instrumental variables approach that exploits variation in the speed of westward expansion induced by prior national immigration in- flows. Using linked historical Census data, we identify mechanisms giving rise to a persistent frontier culture. Greater individualism on the frontier was not driven solely by selective migration, suggesting that frontier conditions may have shaped behavior and values. We provide evidence suggesting that rugged individualism may be rooted in its adaptive advantage on the frontier and the opportunities for upward mobility through effort.

https://twitter.com/whyvert/status/921900860224897024
https://archive.is/jTzSe
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yesterday by nhaliday
Is “growing the pie” overrated, and does that explain why everything is terrible? | FT Alphaville
how little difference tax makes to the economy, and how much to individuals. in other words it's how you spend it, and who you choose to spend it on. results in creating divided societies, assuaging grievance politics and gimmes.
politics  economics  gimme 
yesterday by diasyrmus

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