Alí R. Bustamante, Ph.D. @DrAliBustamante
Analyzing how today's economic and policy landscape is shifting the balance of power towards workers. #EconTwitter #WorkerPower @RooseveltInst & @UofNO AliBustamante.com New Orleans, LA Joined June 2011-
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Most Americans are living through the strongest labor market in their lifetime. Making labor and tax policies fairer is critical to ensuring Americans feel these gains.
Most Americans are living through the strongest labor market in their lifetime. Making labor and tax policies fairer is critical to ensuring Americans feel these gains.
This is what successful people-centered policy looks like.
This is what successful people-centered policy looks like. https://t.co/Les19jjg0g
This is what peak macroeconomic policy looks like: sub 4% unemployment while OTY PCE growth declined from 7.1% in June 2022 to 2.7% in March.
This is what peak macroeconomic policy looks like: sub 4% unemployment while OTY PCE growth declined from 7.1% in June 2022 to 2.7% in March. https://t.co/ebMlIM144g
Noncompetes are now banned! This is what worker-centered policy looks like. Note" The average worker’s earnings will rise an estimated extra $524 per year." #WorkerPower
Noncompetes are now banned! This is what worker-centered policy looks like. Note" The average worker’s earnings will rise an estimated extra $524 per year." #WorkerPower
Huge win for millions of workers that will become eligible to earn over-time pay next year. #WorkerPower
Huge win for millions of workers that will become eligible to earn over-time pay next year. #WorkerPower
Great research on wage theft showing that higher penalties and greater enforcement are needed to improve employer compliance with minimum wage laws. Current law does too little to deter employers from stealing your wages.
Great research on wage theft showing that higher penalties and greater enforcement are needed to improve employer compliance with minimum wage laws. Current law does too little to deter employers from stealing your wages.
Humbled to have joined these brilliant colleagues to discuss the current state of the American labor movement. #WorkerPower
Humbled to have joined these brilliant colleagues to discuss the current state of the American labor movement. #WorkerPower
Important and timely research. Promoting worker power requires stronger labor rights.
Important and timely research. Promoting worker power requires stronger labor rights.
These videos are so good. Policies should benefit "people people" and not just the 1%.
These videos are so good. Policies should benefit "people people" and not just the 1%.
Full employment is a game changer - it's providing an environment for greater worker power and more equitable employment relations to flourish. NLRB and FTC are doing their part but policymakers must do more to support workers.
Full employment is a game changer - it's providing an environment for greater worker power and more equitable employment relations to flourish. NLRB and FTC are doing their part but policymakers must do more to support workers.
Inflation is historically higher in Q1 relative to other quarters but if shelter costs keep driving inflation then that seems like a strong case for a rate cut.
So many suffer due to the cruel greed of a few powerful men. Yet, rules like these provide hope that we can suffer less, that policy can help, and that a better world is possible. “The arc of the moral universe is long but it bends towards justice.” - Dr. Martin Luther King Jr.
So many suffer due to the cruel greed of a few powerful men. Yet, rules like these provide hope that we can suffer less, that policy can help, and that a better world is possible. “The arc of the moral universe is long but it bends towards justice.” - Dr. Martin Luther King Jr.
Eclipse: marvel at a generational wonder New Orleans: nah, we good, bruh
Eclipse: marvel at a generational wonder New Orleans: nah, we good, bruh
303k jobs added in March is impressive but the lede is a year after a soft landing we've locked in full employment - steady real wage growth and stable prime-age labor force participation during the past year of tamed inflation. We must build better policy from this success.
Rising consumer sentiment is the product of declining inflation and sustained real wage and economic growth. Progressive policies made this moment possible. Let’s build on it.
Rising consumer sentiment is the product of declining inflation and sustained real wage and economic growth. Progressive policies made this moment possible. Let’s build on it.
Record profits are driven in part by record-setting markups across all industries, including fast food. rooseveltinstitute.org/publications/f…
Record profits are driven in part by record-setting markups across all industries, including fast food. rooseveltinstitute.org/publications/f…
With California's $20/hour fast-food minimum wage starting next week we cut through the fearmongering and find fast-food corporations can easily pay higher wages without raising prices or reducing employment. Why? Record-level operating profits, profit margins, and markups.
With California's $20/hour fast-food minimum wage starting next week we cut through the fearmongering and find fast-food corporations can easily pay higher wages without raising prices or reducing employment. Why? Record-level operating profits, profit margins, and markups.
We can have it all! 3.4% GDP growth driven by consumer spending and core PCE of just 2%.
We can have it all! 3.4% GDP growth driven by consumer spending and core PCE of just 2%. https://t.co/oZTpYLrYQx
Evidence that the union "premium" raises workers' wealth as well as their income. More notable given that recent union membership gains have been driven largely by workers of color. #UnionsForAll
Evidence that the union "premium" raises workers' wealth as well as their income. More notable given that recent union membership gains have been driven largely by workers of color. #UnionsForAll
Come for the Barbieland content and stay for my take on the strongest labor market for women in a generation. Always great to speak with the brilliant @anateresasola. cnbc.com/2024/03/14/her…
Come for the Barbieland content and stay for my take on the strongest labor market for women in a generation. Always great to speak with the brilliant @anateresasola. cnbc.com/2024/03/14/her…
Commish. Davante Lewi.. @davantelewis
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I agree this is a major issue. (But I think it gets talked about a lot in mainstream Econ and think tank circles.)
The US has a major issue of prime-age men giving up and permanently exiting the labor force. What's striking about this is that it doesn't get talked about at all - not in the mainstream media and not by economists - even though this obviously feeds political radicalization...
It's the final Sunday of Jazz Fest 2024. Come enjoy the music, food, and culture. #jazzfest
School districts strategically respond to school finance change to maximize revenue without substantively changing their educational programs, from @thomasgoldring, Brian Jacob, Daniel Kreisman, and Michael Ricks nber.org/papers/w32390
Beyond social media dunking, an honest conversation of fiscal/monetary tradeoffs is critical in the current moment b/c 1) what we spend money on is as/more important than how much we spend and 2) stable/well functioning policy institutions are foundational to favorable tradeoffs
Before MMT we had functional finance-govt doesn’t “pay back” its debt like a hh or biz, bonds are just interest bearing $ & we issue them & charge taxes to create demand for a currency. The budget constraint is the economy’s potential/stability not the deficit, it’s been known
This is absolutely priceless. And probably the most frightening clip you'll ever watch on the people in charge of the US economy. Jared Bernstein is literally the Chair of the Council of Economic Advisers, the main agency advising Biden on economic policy
Hi #EconTwitter!📈 Looking for a nice PhD #econometrics course, which includes notes and videos? 📽️ Check out the 2024 edition of the panel data metrics course by @conlon_chris (@NYUSternEcon)! It covers in details most of the important stuff, including simulation methods,…
``Successful performance of democratic regimes is critical for support for democracy." From @DAcemogluMIT, Ajzenman, Aksoy, Fiszbein and Molina: restud.com/successful-dem…
Michal Kolesar's Advanced Applied Econometrics lecture notes are a delight github.com/kolesarm/539b/
Came across this @hamiltonproj book while moving some stuff around. Looking pretty good six years later, @JayCShambaugh @RyanDNunn
Excess savings are now depleted according to the @sffed measure. Future consumer spending growth relies on “continuous employment or wage gains, other forms of wealth” write Hamza Abdelrahman and Luiz Oliveira frbsf.org/research-and-i…
Hi #EconTwitter! 📈 Looking for introductory #econometrics and #statistics notes? Don't overlook the classics!🎓 This material from #economics Nobel Laureate Dan McFadden (@Berkeley) and James Powell (@Berkeley), though 25+ years old, remains *very* insightful.📚 Timeless…
AMAZING news #Louisiana: The #Louisiana DCFS is submitting a notice of intent to the @USDA to participate in the Summer #EBT program. Since February I have been working with Federal, State and local officials to bring about this reversal. I wrote to the @USDA asking them to…
Excited to share my team's github page, where we maintain: *did_multiplegt_dyn (Stata, R): *twowayfeweights (Stata, R) *did_multiplegt (Stata, R) To inquire about packages, post your Q in Issue section on GitHub page: your Q may help other users! github.com/chaisemartinPa…
Most of the jobs added are in a few sectors, but most sectors are adding jobs!
It's not quite right to say job gains "narrowed," because the diffusion index actually edged up, and has basically been holding steady.
Awwww No I in team @asmi248 Proud of your “wellness focused” work. Honored to support! #studentmentalhealth #AllAboutTheStudents @LA_Regents
I don't take it lightly that we have a leader at @LA_Regents who is deeply committed to moving the needle on #studentmentalhealth. Thank you for all of your leadership + support, Commissioner Dr. @KimHunterReed!
👀 US Union Members See Record Pay Raises, Outpacing Nonunion Workers @Bloomberg bloomberg.com/news/articles/…
The majority of inflation of the past few years has been driven on the *supply* side. Another significant—and non-demand-side—contributor has been corporate profiteering. @DrAliBustamante responds to @SenSherrodBrown's question during yesterday's @SenateBanking hearing 🧵
US Treasury Secretary Janet Yellen said she still sees underlying price pressures receding even as a tight housing supply has helped stall the downward path of inflation. bloomberg.com/news/articles/… via @economics @chrisjcondon
We're witnessing the longest streak of the unemployment rate below 4% since 1953. Coverage of today's jobs numbers via @msainat1: theguardian.com/business/artic…
From #GirlBoss to #TradWife: The tradlife allure speaks to a deeper discontent with neoliberalism—a longing for agency, safety, understanding, & feeling good. Yet, it reinforces outdated gender norms & echoes neoliberalism's flaws, writes @shamsshahrzad msmagazine.com/2024/05/02/tra…
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