Matthew Yglesias

@mattyglesias ↗

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Last Checked Sept. 24, 2020

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Mon Aug 31 12:15:08 +0000 2020

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Matthew Yglesias @mattyglesias

The dream is an economy so healthy that craft cocktails and pour-over coffee become scarce again as firms need to conserve labor. — PolitiTweet.org

Posted Aug. 31, 2020 Hibernated

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Matthew Yglesias @mattyglesias

Note the stagnation in 2017-2019 as the labor market finally got strong — we could use a concept of labor market slack that accounts for the dynamics of this labor intensive, low wage, low productivity, discretionary sector as a kind of labor force reserve. — PolitiTweet.org

Posted Aug. 31, 2020 Hibernated

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Matthew Yglesias @mattyglesias

@jbarro I just feel like a bartender can open six cans of $4 beer faster than he can make a $12 cocktail, and with less training too. In New York where land is the scarce factor of production, cocktails are probably optimal. But not in real America. — PolitiTweet.org

Posted Aug. 31, 2020 Hibernated