| ▲ | clusterhacks 3 hours ago | |
FTA's conclusion: "Is this decline a distinct change from the recent behavior of the labor share in the U.S.? Along the two key dimensions we investigate, our answer is no. <later> ... and they provide little evidence that it will evolve differently from past episodes." This conclusion seems to be against "this time is different" arguments. Should we be generally encouraged by similarity to past declines pre-2000 or bearish and think that there is more drop to come like the 2000-2007 and 2007-2019 periods they graph out? I guess there is no way to predict other than check back in after time passes. | ||
| ▲ | shermantanktop 2 hours ago | parent | next [-] | |
> I guess there is no way to predict other than check back in after time passes. Welcome to the dismal science of economics, where the rear-view mirror is crystal clear but the windshield is totally fogged up. | ||
| ▲ | downrightmike 2 hours ago | parent | prev [-] | |
Bearish, they are already working as hard as they can to replace everyone with AI or at least Actual Indians playing AI | ||