Christopher Clarke @EconChrisClarke Twitter profile

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@La_Cultora

Christopher Clarke

@EconChrisClarke

2 months

Nope. This is easy to verify it's false. The Washington Times didn't do their due diligence in checking the Medium blog post's original claims. The real number is 1-2%, not 44%. I go through the data and source in 🧵

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Christopher Clarke

@EconChrisClarke

8 months

The viral rent to income video is a lie. I tracked down the original source & methodology. It forgot to adjust HUD's rental data for inflation, but did use "real" median income, which is adjusted for inflation. While a problematic rent/income gap exists, we need to tell the truth

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Christopher Clarke

@EconChrisClarke

2 months

Governor, I strongly support fact checking before spreading misinformation and calling for legislation that won't fix the real problem.

Greg Abbott

@GregAbbott_TX

2 months

I strongly support free markets. But this corporate large-scale buying of residential homes seems to be distorting the market and making it harder for the average Texan to purchase a home. This must be added to the legislative agenda to protect Texas families.

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Christopher Clarke

@EconChrisClarke

2 years

There are allegations that recent Nobel Philip Dybvig has a long history of sexually harassing Asian students. An anonymous one is 4 yrs old. Another with a named victim surfaced two days ago. These allegations must be investigated. @AEAInformation @AEACSWEP @AEACSMGEP @WUSTL

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Christopher Clarke

@EconChrisClarke

5 months

But did you also control for cost of living?

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Christopher Clarke

@EconChrisClarke

26 days

Wages for fast food workers are rising faster than restaurant prices. All while the profit rates remain constant. Here is a graph for McDs. @MorePerfectUS claims price rise are due to profits. At least w fast food that's not the case. We are seeing exactly what MPU fights for!🧵

More Perfect Union

@MorePerfectUS

1 month

THREAD: Subway used to have $5 footlongs, now it’s “$6, six inches”. The McChicken used to be $1, now it's almost $3. Taco Bell’s Beefy 5-layer burrito was $0.89 in 2009, now it’s $3.69. Fast food companies want to blame inflation or the minimum wage going up. It’s all a lie.

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Christopher Clarke

@EconChrisClarke

3 months

The fact is libertarians like Hayek & others across the political economy spectrum recognize & advocate for state welfare. The Road to Serfdom says “The case for the state organizing a comprehensive social insurance system is very strong.” The market alone will never fix poverty.

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Christopher Clarke

@EconChrisClarke

1 year

The economy affects everybody and getting the numbers right is important. Median real wages were mostly flat between 1979 and 2015, but have grown some since. Oh and, yes, more economists on TikTok would make it more fun!

Jordan Weissmann

@JHWeissmann

1 year

One reason econ writers/econ Twitter folks probably need to figure out TikTok is to counteract insane shit like this. (She claims the average college graduate made $102,000 in today's dollars straight out of school).

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Christopher Clarke

@EconChrisClarke

2 months

No, Wall Street did NOT buy up 44% of single family homes. We need to check sources before spreading misinformation. Only building more houses will fix your housing affordability problem. Everything else is a distraction /🧵

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Christopher Clarke

@EconChrisClarke

4 months

The middle class has a higher standard of living than they’ve ever had.

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Christopher Clarke

@EconChrisClarke

2 years

Tea consumption saved lives in 18th century England. @FranciscaAntman #tea #water #clean #cleanwater #humanity #economy #econtwitter #science #research #history #health

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Christopher Clarke

@EconChrisClarke

2 years

New working paper shows building 100 universities in Vietnam lead to higher wages, increased firm productivity, and an employment shift from agriculture into the service industry. JMP from @KhoaVuUmn & Tu-Ahn Vu-Thanh. #econtwitter #wage #education #labor #research #college

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Christopher Clarke

@EconChrisClarke

1 month

The $5 footlong only existed because of mass unemployment and a massive recession. The 6 inches for $6 is an Australian advert. ($3.95 USD). For the first time in 40 yrs, wage inequality has improved. What do you think a good economy would look like?

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Christopher Clarke

@EconChrisClarke

7 months

Claudia's Nobel winning research is economics at its best! Covering a previously understudied field; working towards greater equality; holistic in its approach; using both wide empirics, formal theory, as well as historical narratives; a generous mentor...and she's got a Goldie!

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Christopher Clarke

@EconChrisClarke

2 months

Governor you are spreading misinformation. Please have your staff spend 15 minutes googling a stat before sharing it on the Internet. Large firms are buying 1-2% of homes, NOT 44%.

Greg Abbott

@GregAbbott_TX

2 months

I strongly support free markets. But this corporate large-scale buying of residential homes seems to be distorting the market and making it harder for the average Texan to purchase a home. This must be added to the legislative agenda to protect Texas families.

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Christopher Clarke

@EconChrisClarke

3 months

The Consumer Price Index (CPI) and the Consumer Expenditure Survey (CES) are two different publications. We cannot use descriptions about how the CES works to disprove the CPI. The tweet is going viral due to data illiteracy and partisanship.

ⓘ Dogs don't have thumbs

@MorlockP

3 months

3/ Google that, find Skim it, realize that the measurement is NOT CPI-like (where a fixed basket of goods is priced each month / quarter), but instead a SURVEY of people asking them what they spent (for a NON FIXED basket of goods).

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Christopher Clarke

@EconChrisClarke

11 months

There is zero correlation between money supply and inflation over the short run. But, accounting for real GDP growth, after 40 yrs the relationship is nearly 1-1. The velocity of money usually shrinks in a recession. That's why printing money after '08 didn't cause inflation.

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Christopher Clarke

@EconChrisClarke

4 months

If you look at Figure 2 from the paycheck to paycheck source (Lending Tree), you'll see that only 17.6% have issues paying their bills. The other "paycheck to paycheck" folks have "no issue paying bills". Seems there is a lot of ambiguity in the definition of that phrase.

Warren Gunnels

@GunnelsWarren

4 months

Nobody claims the economy is as bad as 1936. But smugly telling the 60% who live paycheck to paycheck, the 100 million in medical debt, the half of older Americans who have ZERO in savings & the 43 million who owe $1.7 trillion in student debt we’ve never had it so good is wrong.

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Christopher Clarke

@EconChrisClarke

1 month

Economic majors earn a higher salary out of college than any other business related major. Why’s that? Economics gives you skills that employers are looking for because you can apply it to various different subjects and gives you a different perspective at the market.

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Christopher Clarke

@EconChrisClarke

3 months

Our economy has a lot of problems. Many folks are left out. But only careful diagnosis will improve it. We currently are far better than we were in 1938. /🧵

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Christopher Clarke

@EconChrisClarke

8 months

This is why we study economics & not just business. Economists are generally utilitarian treating everyone's happiness equally. Smith also said it best, "The interest of the producer ought to be attended to only so far as it may be necessary for promoting that of consumers."

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Christopher Clarke

@EconChrisClarke

26 days

A reminder that the $5 footlong only existed because of poverty wages and a historic recession. The fact that less workers earn poverty wages should be celebrated.

Christopher Clarke

@EconChrisClarke

1 month

The $5 footlong only existed because of mass unemployment and a massive recession. The 6 inches for $6 is an Australian advert. ($3.95 USD). For the first time in 40 yrs, wage inequality has improved. What do you think a good economy would look like?

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Christopher Clarke

@EconChrisClarke

9 months

78% of my students' Wikipedia edits have remained on the website years later. There's a strong need for more economic public knowledge, and this is an excellent, low cost, & ChatGPT proof way of improving any writing assignment.

Journal of Economics Teaching

@EconTeaching

9 months

Chris Clarke ( @EconChrisClarke ) is sharing a project that has students contribute to Wikipedia instead of just letting their research be read by just you. #JETSET23

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Christopher Clarke

@EconChrisClarke

3 months

It is illegal to build the housing folks want in most cities in America. Economic research has strongly linked this zoning regulation since the 1970’s with lack of construction and higher prices. /🧵

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Christopher Clarke

@EconChrisClarke

3 months

Fast food prices rose a lot faster than overall inflation. It’s not because of profits. It’s because workers are finally seeing some real gains./🧵

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Christopher Clarke

@EconChrisClarke

8 months

While housing affordability has worsened over the past decade, we are materially far better off today. This is a lesson on the difficulty in comparing pieces across 90 years when quality has improved so dramatically. Part I 🧵

🌱Ilona🌱

@IThAmbagtsheer

8 months

Tell it like it is! But is it depression or indenture? #TikTok

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Christopher Clarke

@EconChrisClarke

1 year

What caused the division between labor productivity and compensation in the 1970's? Some say it never happened. Let's look at the argument. #inequality #wage #income #money #economics #econtwitter #economy #productivity #growth #data #research #analysis #labor #worker

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Christopher Clarke

@EconChrisClarke

3 months

$100k in 2003 was an outlier. The median was closer to $32k. Today the median income is $60k. We’ve seen some real growth, but housing continues to make it difficult.

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Christopher Clarke

@EconChrisClarke

2 months

Please, I beg everybody, just Google a wild claim a little before sharing it. Don't be part of the problem of spreading misinformation. Only an accurate diagnosis of our housing crisis will have the power to solve it.

Christopher Clarke

@EconChrisClarke

2 months

No, Wall Street did NOT buy up 44% of single family homes. We need to check sources before spreading misinformation. Only building more houses will fix your housing affordability problem. Everything else is a distraction /🧵

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Christopher Clarke

@EconChrisClarke

1 year

The fall of labor power & the rise of shareholder power explains much of the decline in labor compensation, the rise of mark ups, & higher profits. Bonus: it also may explain why lower unemployment is less inflationary than before. Source: @annastansbury & @LHSummers @nberpubs

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Christopher Clarke

@EconChrisClarke

5 months

How much would Kevin McAllister's $19 grocery bill from 1990 be today? A little over $40. Groceries are more affordable to the median worker in 2023. This exercise shows how difficult it is to compare prices through time. As always, hats off to the @BLS_gov 🧵 1/2

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Christopher Clarke

@EconChrisClarke

11 months

Can the 15 million vacant homes help us solve housing affordability? I dig into the data. The largest category are vacant homes being put out to rent. Only 6% of these are vacant for 2 yrs or more. There are also over 200k homes being used just for storage!

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Christopher Clarke

@EconChrisClarke

1 year

It turns out Economics may do less p-hacking compared to other "hard" sciences. Like, significantly less. No physics envy, here. Source: @cremieuxrecueil

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Christopher Clarke

@EconChrisClarke

3 months

How is the economy good when it creates 300k jobs a month when we have around 6 million unemployed people?! Because that net measure masks a lot of the turnover. Each month, the economy creates well over 5 million new jobs. /🧵

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Christopher Clarke

@EconChrisClarke

3 months

Step 1: Journalist writes article about how the rising service industry wages is a good thing. Step 2: Middleclass complains they can't enjoy the cheap services of peons anymore. Classic.

hannah erin lang

@hannaherinlang

3 months

@EconChrisClarke another @EconChrisClarke thought: Rich Americans aren't the only folks who've come to enjoy and expect goods/services at a certain low price because of the dirt-cheap labor behind it. As wages rise, even humble pleasures (like the burger) will be impacted.🍔

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Christopher Clarke

@EconChrisClarke

3 months

Hey, I hit a little milestone on this bird site.

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Christopher Clarke

@EconChrisClarke

5 months

A 25-year-old making $74k a year is probably doing pretty good financially. It does require some budgeting (as any level of income does). But throwing out bad numbers & doomerism to get views doesn't help the cause of increasing broad prosperity.

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Christopher Clarke

@EconChrisClarke

1 year

Fantastic article title! Those who want boring so-called professional article names are living in a sub-optimal world of missed opportunities. This paper analyzes p-hacking in AER, QJE, JPE, and finds it accounts for around 10-20 percent of marginally rejected tests.

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Christopher Clarke

@EconChrisClarke

5 months

Nope. Comparing prices over time is tough. None of these sources Brietbart cites even remotely attempt to keep the same quality as what Kevin purchased. With a little care, we can calculate the current price of Kevin's basket to be $40.

Dan Patrick

@DanPatrick

5 months

Home Alone meets Bidenomics After being left alone for the holidays, eight-year-old Kevin McCallister famously went grocery shopping in the 1990 classic "Home Alone," purchasing a large haul of food and everyday household items for under $20. Items including a half gallon of…

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Christopher Clarke

@EconChrisClarke

9 months

Avg wages today are 3x higher than they were in 1932 after controlling for inflation. The claimed figure of $4800 is from IRS data that doesn't represent the avg American, but only the more wealthy who filed taxes. 1932 avg wages were $1200.

Isabel Brown

@theisabelb

9 months

So... turns out we have WORSE WAGES and a HIGHER cost of living adjusted for inflation today than 1930 at the HEIGHT OF THE GREAT DEPRESSION??? "Rich Men North of Richmond" is even more important in the midst of a Silent Depression. Stream w us for more:

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Christopher Clarke

@EconChrisClarke

1 year

Protecting property rights is a key to any proaperous economy. Yet our current system selectively allows some groups steal while severely prosecuting others. Wage theft towers over other kinds of property theft. The Fed gov has less agents to prosecute this than they did in 1940.

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Christopher Clarke

@EconChrisClarke

28 days

@neil_chilson The decline of local and other media because ad revenue went to social media is a significant social cost. A functioning free press is essential for a prospering democracy.

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Christopher Clarke

@EconChrisClarke

2 years

Part II: Is education just a market signal or do they genuinely increase labor productivity? New paper finds 30/70 signal/productivity effect. Source: @aryal_ga Manudeep Bhuller @fabolange 2022 @AEAjournals #education #college #school #highschool #EconTwitter #research

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Christopher Clarke

@EconChrisClarke

3 months

The House passed an expansion to the Child Tax Credit. It’s coupled with an R&D tax credit. Paid for by eliminating the fraud inducing Employee Retention Credit. All good news.

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Christopher Clarke

@EconChrisClarke

1 year

Was there collusion in the egg market? Or did the largest egg firm simply have better flu prevention than everybody else?

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Christopher Clarke

@EconChrisClarke

1 month

Today, the Economic Nobel Laureate Daniel Khaneman passed away at the age of 90. His book, Thinking Fast and Slow had a huge impact on how I see the world. Khaneman and coauthor Tversky pioneered work showing in what predicable ways out cognitive biases influence is to make…

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Christopher Clarke

@EconChrisClarke

2 years

@jasonfurman I looked into the question over a year ago. I found another paper using scanner data of over 3,000 personal care products that found mixed & null results. Liz Grauerholz, Erin Kidder, Shameika Daye, Stephanie Gonzalez-Guittar, & Megan McLaughlin. Apr 2021. Gender Issues.

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Christopher Clarke

@EconChrisClarke

4 months

Florida and Texas are the fastest growing economies. Work From Home coupled with expensive housing has made New York and California miss out on a lot of economic opportunities. Restrictive zoning laws are harming their economies. Time to legalize housing! Source: @JosephPolitano

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Christopher Clarke

@EconChrisClarke

4 months

73% of Millennials are living paycheck to paycheck according to Lending Club. However, folks age 35-44 have a median net worth of $135k. What explains the difference? Lending Club's own fig. 2 shows only 18% experience "issues paying bills". The rest "have no issue paying bills."

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Christopher Clarke

@EconChrisClarke

4 months

Wages for Production and Nonsupervisory workers grew faster (in red) than the price of food (in blue). The split started in the late 90's. Despite the recent rise in food prices, food is still more affordable today than it was even back in 1990.

Doug

@OffGridOutlaw

4 months

@EconChrisClarke @HumanProgress

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Christopher Clarke

@EconChrisClarke

3 months

We need more 🏡construction and stronger labor bargaining power to fix our economy

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Christopher Clarke

@EconChrisClarke

2 months

Housing is bleak, but not that bleak. The claim that Wall Street will own 40% of all single family homes is false. 1. The original reporting was only for “rental” homes. 2. MetLife never published their study to begin with. /🧵

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Christopher Clarke

@EconChrisClarke

8 months

@specklight In sixty seconds responding to an OP, there is not enough space to give a balanced overview of all of the causes of housing affordability. Lack of construction is a serious issue.

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Christopher Clarke

@EconChrisClarke

2 months

Daryl Fairweather ⛅

@FairweatherPhD

2 months

Check out my latest piece for @Forbes on why banning corporate landlords from owning single-family homes won't solve the housing affordability crisis 🏘️

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Christopher Clarke

@EconChrisClarke

1 month

Angus Deaton recently criticized economics. I agree we should say more about moral philosophy and inequality. In my H.E.T class, I assign the excellent recent book by @BrankoMilan . I strongly disagree with his comments about the history of U.S immigration and the Chinese…

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Christopher Clarke

@EconChrisClarke

4 months

We could be doing a lot better though.

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Christopher Clarke

@EconChrisClarke

11 months

The Netherlands recently banned investors from buying to rent. And luckily for research, they only did it for some neighborhoods. Resulted in no change in the price of 🏠, gentrification w higher income homeowners moving in, & higher rental prices. New WP by @MKorevaar93 et al

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Christopher Clarke

@EconChrisClarke

26 days

For evidence, @MorePerfectUS shows that these large chains earn billions in profits. But these chains are huge! YumBrands has 60k stores. With a profit of $2B, that's $33k per store. Ptetty thin margins.

More Perfect Union

@MorePerfectUS

1 month

5. McDonald’s made $8.5 billion in profit last year. Yum! Brands, which owns Taco Bell, Pizza Hut, and KFC, made over $2 billion in profit last year.

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Christopher Clarke

@EconChrisClarke

2 years

Had a great time last night with the @UHouston Econ Department at our "Future Endeavors" party. I'll miss y'all tremendously. #EconTwitter #GoCoogs

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Christopher Clarke

@EconChrisClarke

6 months

“Culture is being created on TikTok; more young people are on it than on any other platforms,” Clarke says. “So you want to be on the forefront of thought, the forefront of creativity, creative discussions and the issues they care about.” @insidehighered

TikTok teaches profs effective communication, scholarship

Gen Z has been hooked on TikTok since 2020, and professors are meeting students on the app. One professor shares his inspiration for creating videos and five pointers for colleagues looking to do the...

www.insidehighered.com

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Christopher Clarke

@EconChrisClarke

2 months

Was the Fed the primary driver of inflation? Was it worth it? The government fiscal response was primarily aimed at individuals and families, the Fed financed about half the Covid stimulus deficit. /🧵

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Christopher Clarke

@EconChrisClarke

3 months

We want a world where bosses are complaining that it’s tough to find workers.

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Christopher Clarke

@EconChrisClarke

10 months

TikTok is getting wild with the Great Depression talk, now Nick Powers a "Data Guy & Educator" with half a million followers pulls some numbers together to make the "inarguable" claim. I do my best to look through his sources. A 🧵, cuz this one is going to take some work. 1/

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Christopher Clarke

@EconChrisClarke

4 months

Any day now, I’m sure the recession will arrive. Just keep spreading the doom. It’s great for clicks.

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Christopher Clarke

@EconChrisClarke

4 months

Houses are more than twice as big with less than twice the annual wage time to buy them.

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Christopher Clarke

@EconChrisClarke

2 years

I'm excited to join the faculty at Washington State University this coming Fall. Pullman is a great place. I'll miss Houston tremendously. A big thank you to all who have supported me throughout my career.

WSU Economics

@WSUecons

2 years

SES welcomes @EconChrisClarke in Fall 2022! @gsa_ses @wsucahnrs @WSUPullman

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Christopher Clarke

@EconChrisClarke

2 months

And here is the real data and more discussion, here.

Christopher Clarke

@EconChrisClarke

2 months

No, Wall Street did NOT buy up 44% of single family homes. We need to check sources before spreading misinformation. Only building more houses will fix your housing affordability problem. Everything else is a distraction /🧵

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Christopher Clarke

@EconChrisClarke

3 months

“It is absolutely a win for low-wage workers,” Clarke, the @WSUPullman economist, told @MarketWatch . “We haven’t seen this in 40 years.” I'm glad more reporting is focusing on higher wages for the service industry. Thanks for the conversation.

Yes, that Big Mac meal may cost $18 — but there’s one good reason for it

If you’re hoping to gauge Americans’ lingering discontent with postpandemic price increases, look no further than the McDonald’s menu.

www.marketwatch.com

hannah erin lang

@hannaherinlang

3 months

Wage gains for restaurant workers are outgaining those across the rest of the economy. As @EconChrisClarke notes, this is a kind of win that low-wage workers haven't seen for decades.

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Christopher Clarke

@EconChrisClarke

1 month

Does the Fed “want” a recession? No. And Fed Governor Wallace was right to predict we could slow the economy without an increase in unemployment.

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Christopher Clarke

@EconChrisClarke

1 year

Who's wages have kept up with inflation? Surprisingly, it is lower incomes, non-college, young, and minority workers. Source: @arindube @davidautor @AnnieMcGrew1 @nberpubs The Unexpected Compression #econtwitter #prices #money #income #data #graph #chart #research

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Christopher Clarke

@EconChrisClarke

5 months

The fight against inflation is basically over. 6-month Core-PCE is now at 1.87%; below the 2% target. It's time to be thankful that the unemployment rate still continues at fifty year low levels (3.7%!!), when many thought we'd need 6% or much more! So next,when will rates drop?

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Christopher Clarke

@EconChrisClarke

8 months

I'm no expert on Austrian anarcho-capitalist thought. Am I mistaken to find an elephant full of irony that the first AnCap candidate to be within a shot of gaining political power and his signature policy is to cede power to the largest Central Bank in the world? #LongLiveTheFED

Daniel Di Martino 🇺🇸🇻🇪

@DanielDiMartino

8 months

Argentinian presidential candidate Javier Milei at a rally with a huge $100 bill with his face on it meant to show his signature proposal: ditching the Argentinian peso for the US dollar amid 100%+ inflation.

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Christopher Clarke

@EconChrisClarke

1 month

The most recent 2 months bump in inflation appears to be largely driven by the supply side of the market. Because the Fed’s interest rates operate via the demand side, there is still strong credence for 3 rate cuts this year w the first as early as June.

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Christopher Clarke

@EconChrisClarke

3 months

We no longer can enjoy as many services that once relied on the labor of poverty wages.

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Christopher Clarke

@EconChrisClarke

2 years

Why are there 3 dollar stores next to each other? A hotelling model in sixty seconds. #business #shopping #store #commerce #money #retail #movies #cars #EconTwitter #economy

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Christopher Clarke

@EconChrisClarke

9 months

@WSUecons represented at #jetset2023 in Cincinnati We had a great time learning from others, improving our craft, and fixing the world's economy one lecture at a time. @Wootenomics , Ben Smith, & @drdenarii . @EconTeaching

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Christopher Clarke

@EconChrisClarke

4 months

6 yrs ago I went to #ASSA to be on the market. It was in Philly during a blizzard. Many🛫canceled. This is me getting dropped off at the airport in LV for the 2nd time that day to catch an 11PM redeye flight to Charlotte➡️ DC then catch a 🚈to Philly. Grateful candidates Zoom now

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Christopher Clarke

@EconChrisClarke

5 months

"Professor Christopher Clarke at @WSUPullman did an analysis of the items and estimated that today’s price would be about $40.60, or 104.7% higher. But we know that things can become more expensive and more affordable at the same time. How is this possible?" Wages grew by more!

Scott Lincicome

@scottlincicome

5 months

For the time it took someone to earn the money to buy Kevin McAllister's groceries in 1990, he/she could get 1.337 cart-fulls today. Thus, Home Alone Grocery Abundance™ has increased by 33.7 percent.

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Christopher Clarke

@EconChrisClarke

4 months

Economists often neglect the distributional and disruptive effects from transitioning to greater productivity and greater prosperity in the long run. /🧵

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Christopher Clarke

@EconChrisClarke

8 months

Doomerism goes viral, but only truth can inform policies will alleviate economic suffering.

WSU CAHNRS

@wsucahnrs

8 months

Despite numerous viral videos to the contrary, the economy today is MUCH better than during the #GreatDepression . @WSUecons prof. @EconChrisClarke has made several videos debunking those claims & showing how you can tell. #GoCougs

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Christopher Clarke

@EconChrisClarke

8 months

While the quality of homes & cars are vasly better than before, it would be more systematic and metholsoigcsllt rigorous to simply use a measure of the entire cost of living. Adjusted for inflation, avg purchasing power was around $20k in 1932 in today's dollars compared to $75k.

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Christopher Clarke

@EconChrisClarke

4 months

The economic vibes are coming back! Consumer sentiment just had a huge jump. Why now? It’s been 19 months since peak inflation and 7 months of annual CPI in the 3% range. Wages rose & we’re getting used to new price references. Link to Article:

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Christopher Clarke

@EconChrisClarke

11 months

Wages in England did not surpass 1450 levels until after 1850. Life expectancy was the same in 1850 as it was in 1500's. There was a delay in real wage growth during the industrial revolution. Source: @PaulBouscasse @eminakamura2 & @JonSteinsson

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Christopher Clarke

@EconChrisClarke

1 year

Why should we publish insignificant results? A response to the many comments who thought otherwise. Plus, the Economics of Volcanos. Emi Nakamura, @josefsig @JonSteinsson @RevEconStudies

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Christopher Clarke

@EconChrisClarke

4 months

Why don’t we only work 15 hours a week when labor productivity is so much higher? Largely because we also want a higher material standard of living. But hey, we could be doing better. More holidays and vacation days for all!!

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Christopher Clarke

@EconChrisClarke

8 months

Real Analysis changed my life. Not because of the particular tools, but because it challenged my thinking like no other course ever had. Logical fallacies from Eng 101 are useful, but nothing puts it in practice like figuring out a proof of a Cauchy seq w friends over 🍕.

Shengwu Li

@ShengwuLi

8 months

I don’t care if it’s real analysis in particular. But one has to be deeply incurious not to take a proof-based math course before starting an econ PhD.

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Christopher Clarke

@EconChrisClarke

11 months

When the inflationary period lasts more than 12-months, some want to know the cumulative changes. CPI increased 18.5% since May 2020. But also important to note, wages have gone up by more, especially for the bottom 50%. The video features 3 sources that confirm this.

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Christopher Clarke

@EconChrisClarke

1 year

Headlines are not reality. The economy is doing better than perceived. We need a representative sample. Perceived news for current inflation is more frequent than in the 70's. Selected layoffs make headlines, whereas more frequent hires do not. #economics #news #jobs #inflation

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Christopher Clarke

@EconChrisClarke

3 months

Who needs party hats, when you can have party beard? I was completely surprised by this gesture for my birthday.

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Christopher Clarke

@EconChrisClarke

1 year

What Causes Homelessness? Expensive housing. Let's look at all the other prominent hypotheses. Source: @aaronAcarr guest blogging at @Noahpinion #affordable #living #homeless #housing #government #poverty #realestate #research #data #graph #economics #economy

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Christopher Clarke

@EconChrisClarke

3 months

Since the pandemic, the cities that have built the most housing have seen rents fall. Minneapolis was the first city to solve inflation last year because of it.

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Christopher Clarke

@EconChrisClarke

1 year

The petrodollar is not the primary driver of the value of the US Dollar. It's simply too small relative to all of global trade (OPEC exports approx $800B, global trade is $32T).

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Christopher Clarke

@EconChrisClarke

3 months

@consmyth18 "Progress denialist." I really like that phrase. It's been such a huge distraction these past 7 months, wasting our energies on this, rather than on real solutions.

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Christopher Clarke

@EconChrisClarke

26 days

Here is the link to the restaurant wages vs prices graph.

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Christopher Clarke

@EconChrisClarke

4 months

What happens to executive pay when corporations receive tax breaks? @real_eric_ohrn recent paper finds compensation ⬆️ by $0.17-0.25 for every $1 of tax break. Weak corporate governance explains nearly the whole story. Large proportion of passive shareholders is one such weakness

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Christopher Clarke

@EconChrisClarke

6 months

Off to Southern Economic Conference #econtwitter . I'll be presenting tomorrow about the relationship between infrastructure (like this airport) and wage inequality.

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Christopher Clarke

@EconChrisClarke

3 months

It also experiences about 5 million quits, layoffs, etc. The median unemployment duration is about 9 weeks, far smaller than the 25 week peak back in 2010.

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Christopher Clarke

@EconChrisClarke

9 months

The claims continue. No, we are not living in a "Silent Depression". Real median wages are the highest they've ever been. However, I think there is something to be said about housing affordability being near historic lows. More & more young adults are living with their parents.

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Christopher Clarke

@EconChrisClarke

5 months

I had a great time discussion the "Silent Depression" w/ @RahelSolomonCNN . While the framing & numbers are false, the past 3 years disrupted many families. We haven't seen inflation like this before in my lifetime. The novelty asks us to seek out new narratives.

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Christopher Clarke

@EconChrisClarke

1 year

Silicone Valley Bank Collapse. Part I | Bond Prices and the Liquidity Crunch #economy #economics #finance #business #bank #siliconevalleybank #svb #news #money #tech #teachecon

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