Matthew Yglesias

@mattyglesias ↗

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Last Checked Sept. 28, 2022

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Wed Jul 13 14:26:35 +0000 2022

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Matthew Yglesias @mattyglesias

Wrote about this last month, but worth saying the CPI rent metric is a very laggy indicator and spot rents are already trending downward — just from a very high level. https://t.co/FegHW0ydjw https://t.co/TbtVAYARLs — PolitiTweet.org

Posted July 13, 2022 Hibernated

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Matthew Yglesias @mattyglesias

Striking chart from @jasonfurman — though unfortunately the way this data series is assembled melds together a compositional effect (pandemic layoffs were disproportionately of low-wage workers) and the impact of inflation. https://t.co/wE1rryLAgV — PolitiTweet.org

Posted July 13, 2022 Hibernated

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Matthew Yglesias @mattyglesias

In terms of impact on aggregate demand, the relevant figure isn’t average hourly wages it’s aggregate wages — i.e., average hourly wages times average hours worked times total number of employed workers. https://t.co/d7z7O7HgrP — PolitiTweet.org

Posted July 13, 2022 Hibernated