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michaelreich.bsky.social

@michaelreich.bsky.social
93 followers 160 following 23 posts
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David Wessel @davidmwessel.bsky.social · 08/08/2026
Harvard's Gabe Chodorow-Reich reminds Kevin Warsh that academic & Fed economists have long been working on the questions he is asking about inflation, data, etc. Also, he notes, there is no task force on how the Fed should respond to a large and growing federal debt. www.nytimes.com/2026/08/07/o...
nytimes.com
Opinion | At the Fed, Kevin Warsh’s Silence Speaks Volumes (Gift Article)
The success of his chairmanship may rest on an issue that sits outside the traditional purview of monetary policy: the nation’s ongoing fiscal deficits.
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michaelreich.bsky.social @michaelreich.bsky.social · 01/04/2026
Cool use of cell phone location data for every restaurant in the U.S. to track causal effects of CA $20 fast food minimum wages on jobs irle.berkeley.edu/publications...
irle.berkeley.edu
Effects of a $20 Minimum Wage: Evidence from Granular Data on Wages, Employment, and Prices – Institute for Research on Labor and Employment
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michaelreich.bsky.social @michaelreich.bsky.social · 25/03/2026
New paper! The Unexpected Effects of a $20 Federal Minimum Wage irle.berkeley.edu/publications... Fastest and most effective path to improving affordability and realigning working-class voters
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michaelreich.bsky.social @michaelreich.bsky.social · 01/12/2025
Heidi is right to emphasize the income side of the affordability issue. I would add: the costs of housing, healthcare and childcare have been increasing faster than overall prices— and faster than wages. We also need reforms that target each of these sectors.
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Reposted by @michaelreich.bsky.social
Arin Dube @arindube.bsky.social · 04/11/2025
From the recent New Yorker interview of @drodrik.bsky.social on his new book, by @johncassidysays.bsky.social (Link below in the thread).
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Reposted by @michaelreich.bsky.social
Dani Rodrik @drodrik.bsky.social · 04/11/2025
Official publication day www.barnesandnoble.com/w/shared-pro...
barnesandnoble.com
Shared Prosperity in a Fractured World: A New Economics for the Middle Class, the Global Poor, and Our Climate|Hardcover
New, practical approaches to confronting today’s most daunting global issuesFighting climate change, saving democracy, and eradicating poverty are urgent global challenges, yet the world’s...
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Reposted by @michaelreich.bsky.social
Arin Dube @arindube.bsky.social · 04/11/2025
If you want more on wage boards and how they can achieve what Dani was referring to, check out my book The Wage Standard - now available for pre-order. www.thewagestandard.com
thewagestandard.com
The Wage Standard by Arindrajit Dube: 9780593471418 | PenguinRandomHouse.com: Books
“The go-to guy on minimum wage” (Nobel Laureate and New York Times bestselling author Paul Krugman) tackles one of the thorniest social issues of our times—income inequality—from...
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michaelreich.bsky.social @michaelreich.bsky.social · 26/10/2025
Correct
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Reposted by @michaelreich.bsky.social
Jason Furman @jasonfurman.bsky.social · 26/10/2025
The Federal minimum wage was established in 1938. It was in effect for about 85 years. It has now, for better or worse, been effectively abolished.
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michaelreich.bsky.social @michaelreich.bsky.social · 23/10/2025
Typos were fixed a few days ago.
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michaelreich.bsky.social @michaelreich.bsky.social · 22/10/2025
An awesome study!
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Reposted by @michaelreich.bsky.social
Dani Rodrik @drodrik.bsky.social · 21/10/2025
A bold new economic program for America, by Martin Carnoy, Michael Reich, and Derek Shearer irle.berkeley.edu/publications...
irle.berkeley.edu
A Bold Economic Program for America – Institute for Research on Labor and Employment
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michaelreich.bsky.social @michaelreich.bsky.social · 28/09/2025
The real estate industry has pushed this regressive policy for years. They don't tell you that the introduction of the exclusion cap in 1997 led to a dramatic increase in house prices. The gains for the sellers were far outweighed by the losses for potential buyers.
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Reposted by @michaelreich.bsky.social
Journal of Labor Economics @jlaborecon.bsky.social · 13/08/2025
Forthcoming in JOLE: "Minimum Wage Effects and Monopsony Explanations" by Justin Wiltshire, Carl McPherson, Michael Reich, and Denis Sosinskiy www.journals.uchicag... #EconSky
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michaelreich.bsky.social @michaelreich.bsky.social · 13/08/2025
New
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michaelreich.bsky.social @michaelreich.bsky.social · 13/08/2025
from my LTE, WaPo 8/10/2025 Minimum wage increases address labor supply problems. Employers who pay very low wages cannot fill their existing job vacancies and have difficulty holding on to their employees. Minimum wage increases make these jobs more attractive
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michaelreich.bsky.social @michaelreich.bsky.social · 08/04/2025
How about: Terri's substack
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michaelreich.bsky.social @michaelreich.bsky.social · 26/02/2025
BRG, an industry consulting group, claims that seasonally corrected data from FRED shows fast food employment losses in CA relative to other states. But FRED does not account for the much smaller seasonality of CA fast food. My report does so-- and finds no employment losses.
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michaelreich.bsky.social @michaelreich.bsky.social · 26/02/2025
​EmPI claims my DDD is a "cover-up" ​of employment losses because "full-service restaurants are also struggllng." But whether full-service restaurants are declining or not does not enter into a DDD method.
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michaelreich.bsky.social @michaelreich.bsky.social · 26/02/2025
The DDD estimate control​s for changes in full-service restaurants in CA relative to those in other states​, to ameliorate any ​confounding non-minimum wage related changes​, such as differential​ economic or population growth.
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michaelreich.bsky.social @michaelreich.bsky.social · 26/02/2025
The Employment Policies Institute, a creature of the National Restaurant Association claims I'm an SEIU researcher (???) misquotes from my report and misunderstands the DDD method
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michaelreich.bsky.social @michaelreich.bsky.social · 26/02/2025
New report on California's $20 fast food minimum wage using D-in-D and DDD: 8-9 percent wage increases, no effects on employment and a 1.5 percent minimum wage increase: irle.berkeley.edu/publications...
irle.berkeley.edu
Effects of the $20 California Fast-Food Minimum Wage – Institute for Research on Labor and Employment
Abstract This policy brief represents the second in a series of reports on the effects of California’s $20 fast-food minimum wage. The first report , issued on
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michaelreich.bsky.social @michaelreich.bsky.social · 26/02/2025
New report on California's $20 fast food minimum wage using D-in-D and DDD: 8-9 percent wage increases, no effects on employment and a 1.5 percent minimum wage increase: irle.berkeley.edu/publications...
irle.berkeley.edu
Effects of the $20 California Fast-Food Minimum Wage – Institute for Research on Labor and Employment
Abstract This policy brief represents the second in a series of reports on the effects of California’s $20 fast-food minimum wage. The first report , issued on
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michaelreich.bsky.social @michaelreich.bsky.social · 26/02/2025
bsky.app/profile/mich...
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michaelreich.bsky.social @michaelreich.bsky.social · 13/01/2025
Differences between the two studies: We have price data for nine chains, they have data for only one. We have store-specific wage data from Glassdoor and industry wage data from QCEW; they assume wages equal exactly the minimum wage.
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michaelreich.bsky.social @michaelreich.bsky.social · 07/01/2025
I used to get right on the Eastern Airlines shuttles (Boston, LaGuardia, DC National) and buy a ticket on the plane. And they guaranteed a seat to anyone who showed up, with a plane and crew in reserve for even one passenger.
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michaelreich.bsky.social @michaelreich.bsky.social · 24/12/2024
Striking San Francisco hotel workers from Unite HERE Local 2 have won contracts with all the holdout hotels, pending a ratification vote today on the Hilton contract. The strike is over. ASSA attendees who have expressed their support for the strikers, in word or deed, may have made a difference.
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Reposted by @michaelreich.bsky.social
Denis Sosinskiy @dsosinskiy.bsky.social · 01/10/2024
Hey #EconSky📉📈 our new working paper with Michael Reich @IRLE is out! Sectoral Wage-Setting in California We provide the first causal evidence of the (highest in the US) $20 minimum wage for large fast-food chains in California, implemented on April 1, 2024. irle.berkeley.edu/publications... 1/7
irle.berkeley.edu
Sectoral Wage-Setting in California – Institute for Research on Labor and Employment
Abstract On April 1, 2024, California implemented its first sectoral wage policy, setting a $20 floor on hourly pay for workers in the larger fast food restaura
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Reposted by @michaelreich.bsky.social
Denis Sosinskiy @dsosinskiy.bsky.social · 01/10/2024
A short write-up by @petercoy here: static.nytimes.com/email-conten... 7/7
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michaelreich.bsky.social @michaelreich.bsky.social · 16/09/2024
The concentration of prizes in a few universities reflects the growth of pay inequality both within economics-- and relative to other fields. Only the richest universities can afford the salaries of likely future prizewinners.
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michaelreich.bsky.social @michaelreich.bsky.social · 16/09/2024
Compared to a few decades ago, economists are more involved in real-world issues and less interested in ivory tower model-building. Public datasets are readily available, laptops are cheap, econometric software such is free, and Working Paper series provide up to date access to the latest research.
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michaelreich.bsky.social @michaelreich.bsky.social · 14/09/2024
Economics research is cheaper than decades ago.
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