Interesting reads
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The China Shock: Learning from Labor-Market Adjustment to Large Changes in Trade
Chinaโs emergence as a great economic power has induced an epochal shift in patterns of world trade. Simultaneously, it has challenged much of the received empirical wisdom about how labor markets adjust to trade shocks. Alongside the heralded consumer benefits of expanded trade are substantial adjustment costs and distributional consequences. These impacts are most visible in the local labor markets in which the industries exposed to foreign competition are concentrated. Adjustment in local labor markets is remarkably slow, with wages and labor-force participation rates remaining depressed and unemployment rates remaining elevated for at least a full decade after the China trade shock commences. Exposed workers experience greater job churning and reduced lifetime income. At the national level, employment has fallen in U.S. industries more exposed to import competition, as expected, but offsetting employment gains in other industries have yet to materialize. Better understanding when and where trade is costly, and how and why it may be beneficial, are key items on the research agenda for trade and labor economists.
Tyler Cowen commented:
This is some of the most important work done by economists in the last twenty years.
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This post is deleted!
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There are no good options. But some are worse than others.
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@Tim said in Interesting reads:
There are no good options. But some are worse than others.
Cheers , I'm a Mark Bowden fanboy and after reading the article it says he has another book out.
Btw if you haven't read Worm yet add it to your list. -
Amid a surging opiate crisis, the maker of the anti-addiction drug Vivitrol skirted the usual sales channels. It found a captive market for its once-a-month injection in the criminal justice system.
https://www.propublica.org/article/vivitrol-opiate-crisis-and-criminal-justice
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Very short, but thought this might be the best place for it.
Not much fun in here, but still interesting to see how best to individually fight climate change - assuming you believe in it
https://phys.org/news/2017-07-effective-individual-tackle-climate-discussed.html
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Don't fuck with the Killdozer
https://www.damninteresting.com/the-wrath-of-the-killdozer/ -
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First one of vws engineers sentenced
http://jalopnik.com/dieselgate-engineer-sentenced-to-40-months-in-american-1798446096