Weekend reading

This is a weekly post we publish on Fridays with links to articles we think anyone interested in equitable growth should be reading. We won’t be the first to share these articles, but we hope by taking a look back at the whole week, we can put them in context.

Links

Paul Krugman on what the new research on labor markets tell us about raising wages. [nyt (opens in a new tab)]

Matt Bruenig digs into the data and shows U.S. workers put in more hours than we’d expect given productivity levels. [demos (opens in a new tab)]

Timothy Taylor discusses new research about productivity and the seeming problem of diffusing new ideas to other firms. [conversable economist (opens in a new tab)]

Dietz Vollrath tries to understand the diffusion models of productivity growth. [growth economics (opens in a new tab)]

David Keohane on brokerage booms, hidden debt, and Chinese GDP data. [ft alphaville (opens in a new tab)]

Friday figure

Figure from “The Declining Labor Force Participation Rate: Causes, Consequences, and the Path Forward (opens in a new tab)” by Elisabeth Jacobs