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Miles Corak

@milescorak.com
2.4K followers 284 following 270 posts

Professor of economics The Graduate Center, City University of New York Senior Scholar The Stone Center on Socio-Economic Inequality #socialmobility #childrights #inequality #jobs #poverty #socialpolicy #cdnecon #EconSky milescorak.com

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Reposted by Miles Corak
Manuel Schechtl @schechtlm.eurosky.social · 29/09/2026
Timely new paper in @socioeconreview.bsky.social: Does rising wealth concentration undermine American democracy? Using variation across the 50 U.S. states, results reveal a clear, negative effect of millionaire wealth concentration on democratic performance. doi.org/10.1093/ser/mwag058
Wealth concentration in the United States has reached heights not seen since the Gilded Age, renewing fears that concentrated economic power may undermine democracy. Yet empirical research linking inequality to democratic erosion remains inconclusive, partly because most studies focus on cross-country comparison and examine income rather than wealth. This study exploits variation across fifty U.S. states; each
embedded in a common federal framework but differing in political and economic dynamics. To estimate the exogenous effect of rising wealth concentration on democratic backsliding, I develop a shift-share instrument of state-level millionaire wealth shares. Results reveal a clear, negative effect on democratic performance. Causal mediation analysis demonstrates that the effect is mediated by the share of seats held by
Republicans in state legislatures, pointing to a mechanism of elite influence through partisan channels. These findings demonstrate that subnational wealth disparities, and their convergence with partisan politics, actively erode American democratic institutions.
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Jim Stanford @jimbostanford.bsky.social · 29/09/2026
This is an outstanding refutation of PM Carney's double-speak on proposed Canada Labour Code amendments, from Colleen Bauman and Mark Rowlinson: www.thestar.com/opinion/cont.... Previous misuse of Section 107 would be codified & routinized, even though it's still facing court challenges. #canlab
thestar.com
Mark Carney says he’s protecting Canadian workers. It’s Orwellian doublespeak
Subject to ministerial review, the right to strike is likely to be much weakened by Bill C-39.
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MIT Stone Center on Inequality and Shaping the Future of Work @mitshapingwork.bsky.social · 29/09/2026
(1/) Last week, we welcomed Fabien Curto Millet, Google's Chief Economist, to MIT to share his insights on the workforce and economic impacts of AI. He emphasized that the full effect of AI on jobs will include jobs lost, jobs gained, and jobs changed. 🧵
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Catherine Rampell @crampell.bsky.social · 29/09/2026
Why are we in a trade war with Canada, exactly? What was the country's alleged transgression? Check out my conversation with @samsteindc.bsky.social: podcasts.apple.com/us/podcast/r...
podcasts.apple.com
Trump’s War With Canada Has Officially Lost the Plot (w/ Sam Stein)
Podcast Episode · Receipts with Catherine Rampell · September 29 · 40m
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Aaron Sojourner @aaronsojourner.org · 29/09/2026
1.87 American employees quit their job for each one fired in Aug. This #LaborLeverageRatio proxies for worker bargaining power in the job. Pretty flat over last 2 years, below immediate pre-pandemic level. www.upjohn.org/labor-levera...
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Dani Rodrik @drodrik.bsky.social · 28/09/2026
US manufacturing employment share has now increased for three months in a row (1/2)
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The Economist @economist.com · 26/09/2026
In 35 rich countries, a typical 15-year-old now reads no better than a 14-year-old did a decade ago. A slow-motion disaster is under way. We explain what must be done to stop it
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Plunging test scores are a slow-moving catastrophe
Machines are getting brighter. Teens are getting dimmer. Schools must act now
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Miles Corak @milescorak.com · 26/09/2026
www.nytimes.com/interactive/...
nytimes.com
Who Polishes the Brass at Grand Central?
The station has more than 7,000 linear feet of brass surfaces. The job of keeping them shiny never ends.
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UChicago | Stone Center on Wealth Inequality & Mobility @ucstonecenter.bsky.social · 25/09/2026
@durlauf.bsky.social tells Money.com that the current level of wealth inequality is “unhealthy” for the U.S. economy and society. “Successful economic growth and innovation can be preserved with much smaller disparities.” Read now: money.com/us-billionai...
money.com
America's Billionaires Hold More Wealth Than the Bottom 57% of U.S. Households
The 1,265 richest people hold $6.7 trillion in wealth — more than the bottom half of American households combined, new data shows.
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Shelly Lundberg @shellyjlundberg.bsky.social · 25/09/2026
Shameless self-promotion and a request. My publisher is asking me to encourage Amazon reviews, so.... If you bought How Economics Discovered Women on Amazon and like it, it would help me out if you post a short review. news.ucsb.edu/2026/022818/...
news.ucsb.edu
Economist Shelly Lundberg wins prestigious Mincer Award, releases book on gender economics
Lundberg's Mincer Award for lifetime achievement in economics scholarship comes as her newest book, “How Economics Discovered Women” hits the shelves.
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Miles Corak @milescorak.com · 24/09/2026
“It’s the ‘fool me once, fool me twice’ point,” Mr. Carney said. “Once you see that, then you start to think, how do I diversify away?” www.nytimes.com/2026/09/23/w...
nytimes.com
Mark Carney Interview: Canada’s Leader Lays Out Vision for Breaking Reliance on U.S.
In a wide-ranging interview, Prime Minister Mark Carney described a tense, evolving relationship with President Trump.
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Miles Corak @milescorak.com · 21/09/2026
“The richest people in the tech industry have blocked policies that would raise taxes, increase wages or otherwise reduce their wealth to make life better for the people who live around them.” www.nytimes.com/2026/09/21/o...
nytimes.com
Opinion | In the Land of Billionaire Barbarians
The center of the tech industry is culturally barren because wealthy executives have no interest in communities outside their fiefs.
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Miles Corak @milescorak.com · 20/09/2026
www.nytimes.com/2026/09/18/b...
nytimes.com
The Working Class Face a ‘Class Ceiling’ in Elite Occupations
Being female or a person of color has long been seen as a disadvantage in hiring and promotion. A new study of college professors shows that class may loom as large.
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UChicago | Stone Center on Wealth Inequality & Mobility @ucstonecenter.bsky.social · 18/09/2026
🌎 What does it mean to earn success, and does the answer depend on where you live? From college admissions to social mobility, Whither Meritocracy? Part Two: Meritocracy Across the Globe explores how societies and institutions define merit—and who gets rewarded for it. 📚 Out now: bit.ly/4AmNYGc
aapss.org
Whither Meritocracy? Part Two: Meritocracy Across the Globe – AAPSS
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Justin Wolfers @justinwolfers.bsky.social · 17/09/2026
A six year old does not deserve to be in poverty. Full stop.⁣ ⁣ Every kid in poverty is a policy failure. But since kids don't have separate incomes, you can't help the kid without helping the household they're in. That's the whole political tension. youtu.be/gL2kxIbPitU
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Gerald Butts @gmbutts.bsky.social · 17/09/2026
Believe me when I tell you Mark Carney writes his own speeches. Today’s was a rhetorical work of art.
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Harris School of Public Policy @harrispolicy.bsky.social · 17/09/2026
In @nytimes.com, @durlauf.bsky.social helps explain what’s happening in the latest poverty and income numbers: the job market is shifting. Women’s earnings rose while men’s stayed flat, reflecting changes in who is working and what kinds of jobs are growing. har.rs/4hw1dNr
har.rs
Poverty Rate Was Stable Before Trump's Safety Net Cuts Gained Force
Median household income rose to a record $87,460 in 2025, according to annual Census Bureau data on the financial well-being of Americans.
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The Economist @economist.com · 17/09/2026
Children who were already among the poorest performers are falling even further behind. Across education systems, the gap between low- and high-performing students is now the largest ever recorded by PISA, in all the disciplines it tests
bit.ly
Are teenagers growing dimmer?
The latest global school tests reveal shocking new declines
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davidakin @davidakin.bsky.social · 17/09/2026
PM Carney's speech this morning to the European Parliament can be found here: www.pm.gc.ca/en/news/spee... My video at its conclusion. Chamber (791 MEPs) nearly full; most with a standing ovation.
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Miles Corak @milescorak.com · 14/09/2026
www.wsj.com/opinion/the-...
wsj.com
Opinion | The Road to a Universal Basic Income
An expanded child tax credit is the first step. The bidding is underway.
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Branko Milanovic @brankomilan.bsky.social · 12/09/2026
I said there are three ways to deal with an increased capital share that may come with massive introduction of AI. 1 Create unconditional guaranteed minimum income (not ideal; people need meaning in their lives; they need jobs);
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Our World in Data @ourworldindata.org · 11/09/2026
Stunting is one of the leading measures used to assess childhood malnutrition. It indicates that a child has failed to reach their growth potential as a result of disease, poor health, and malnutrition. A child is defined as “stunted” if they are too short for their age.
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Miles Corak @milescorak.com · 11/09/2026
#ECON4All www.nytimes.com/interactive/...
nytimes.com
What Years of Inflation Have Done to US Prices
Nearly every category of product costs more than it would have had prepandemic trends continued. And many product prices are still rising faster than they were before.
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Miles Corak @milescorak.com · 10/09/2026
Listen to the full episode of this interview for a clear eyed take on the state of economic statistics and how to develop your sense of judgement #ECON4All
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Miles Corak @milescorak.com · 04/09/2026
“The most exclusive ring of earners … , about 50 New York City families, saw the largest growth in incomes of any city tax bracket between 2019 and 2024. Their average income was almost $600 million a year in 2024, up from roughly $315 million in 2019.” www.nytimes.com/2026/09/02/n...
nytimes.com
New York’s Top .001 Percent Have Grown Even Richer
Income inequality is as entrenched as ever, according to a new report by New York City’s comptroller.
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John Burn-Murdoch @jburnmurdoch.ft.com · 03/09/2026
I hereby declare the "learn to code" era officially dead: Big declines in the number of people studying computer science in the last year or two 📉 Chart from this week’s edition of our newsletter on AI and the labour market www.ft.com/content/9183...
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The New York Times @nytimes.com · 26/08/2026
In Opinion When Adam Grant asked students about cheating, their responses shocked him, he writes. “We’re under a lot of stress. Everyone else is doing it. We have no choice. They sounded like major league baseball players in the steroid era. ChatGPT was their performance-enhancing drug.”
nyti.ms
Opinion | There’s Really Only One Way to Stop Students From Cheating
Blue-book exams are fine, but we need to address the issue at its root.
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Janet Gornick @janetgornick.bsky.social · 17/08/2026
Interested in spending 2 years at the Stone Center in NYC, studying inequality? See our call for postdoc applications. Two 2-year positions, starting Aug 2027. One focused on wealth inequality, the other more broadly on economic inequality. Apply by Nov. 2! 🍎 stonecenter.gc.cuny.edu/applications...
stonecenter.gc.cuny.edu
Applications Are Open for Two Postdoctoral Positions at the GC CUNY Stone Center - Stone Center on Socio-Economic Inequality
The Stone Center on Socio-Economic Inequality is seeking applicants for a ninth cohort of postdoctoral scholars. These full-time, two-year positions will begin in August 2026.
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davidakin @davidakin.bsky.social · 14/08/2026
Important read!!
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Project Syndicate @projectsyndicate.bsky.social · 11/08/2026
The combination of a richly valued stock market and rising long-term interest rates has historically been a toxic brew, @b-eichengreen.bsky.social warns. bit.ly/4xE3xaE
project-syndicate.org
Dude, Where’s My Recession?
Barry Eichengreen identifies the sources of the US economy’s apparent resilience, and explains how things could go wrong.
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Justin Wolfers @justinwolfers.bsky.social · 08/08/2026
A 4.1% unemployment rate sounds pretty good. But that number only counts people actively looking for work.⁣ ⁣ If people give up searching, unemployment can fall even as the job market gets weaker.⁣ ⁣ newsletter.platypuseconomics.com/p/…
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Justin Wolfers @justinwolfers.bsky.social · 05/08/2026
Anthropic's CEO says AI could wipe out half of all entry-level white-collar jobs. Victorian bootmakers suggest a different possibility. A story about sewing machines, economics, and why history can help us think more clearly about AI. newsletter.platypuseconomics.com/p/what-victo...
newsletter.platypuseconomics.com
What Bootmakers Can Teach Us About AI
Anthropic's CEO warns AI could erase half of entry-level jobs. Victorian England suggests a different possibility.
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Oxford Social Policy and Intervention @dspi-oxford.bsky.social · 06/08/2026
🚨We're hiring 2 part-time Research Assistants to join Professor Zach Parolin's research team working on economic and social inequality in high-income countries. You will be a PhD student in a social science discipline (or relevant data science field) with experience in data management and analysis.
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Branko Milanovic @brankomilan.bsky.social · 04/08/2026
Don’t ask me about my profits, but let’s talk about your wages
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Miles Corak @milescorak.com · 01/08/2026
Now, this is an informative, inspiring, and subtle read. www.nytimes.com/interactive/...
nytimes.com
The Most Iconic American Artwork Is the Hardest to See
The Statue of Liberty is caught between the sublime and the souvenir, our critic Jason Farago explains. Look again: She’s much stranger than you think.
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Justin Wolfers @justinwolfers.bsky.social · 28/07/2026
The point of a tariff is to make firms build factories at home. But if it's on Monday, off Tuesday, back on Wednesday, no one pours concrete. Chaotic tariffs give you all of the cost and almost none of the benefit.⁣ ⁣ newsletter.platypuseconomics.com/p/…
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Miles Corak @milescorak.com · 28/07/2026
“as the great Canadian songwriter and poet Leonard Cohen presciently put it, “You aren’t going to like what comes after America.” “ www.nytimes.com/2026/07/28/o...
nytimes.com
Opinion | ‘You Aren’t Going to Like What Comes After America’
Remember when ‘blame Canada’ was a joke?
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AEA Journals @aeajournals.bsky.social · 22/07/2026
When older children carry common respiratory viruses back home to their infant siblings, it can have long-term detrimental effects on adulthood income, say researchers at @ucph.bsky.social, Fudan University, @stanforduniversity.bsky.social, and Northwestern. #econsky www.aeaweb.org/research/cha...
aeaweb.org
The long shadow of infant illness
Danish data reveal how viruses brought home by older siblings influence lifetime income.
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Our World in Data @ourworldindata.org · 18/07/2026
Nearly half of young children in Guatemala suffer from stunting— Chronic malnutrition in early childhood can slow development and growth, leaving children shorter than expected for their age.
Horizontal bar chart of the share of children younger than five years who are stunted across Central American and Caribbean countries, where Guatemala is highest at 46% and the other countries range from 6.7% to 22%. Source: World Health Organization - Global Health Observatory (2026). License: CC BY.
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Our World in Data @ourworldindata.org · 22/06/2026
✍️ New article: “How much are people across the world paying for their carbon emissions?” Around 30% of the world’s CO₂ emissions are covered by a carbon price, through either a tax or a trading scheme.
Area chart of carbon prices (US$ per tonne of CO2) by share of global CO2 emissions where 71% of global emissions have no carbon price and less than 10% face a price greater than $10 per tonne, with only a very small share subject to much higher prices (examples labeled: Norway $214, Uruguay $185, Sweden $150, Germany $68, China about $10 in some sectors). Data source: Dolphin and Merkle (2024) and World Bank (2025); prices are emissions-weighted averages measured in 2021 US dollars. License: CC-BY to Our World in Data.
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CUNY Graduate Center @thegraduatecenter.bsky.social · 22/06/2026
Looking for your next great read? Our summer book list highlights recent works by Graduate Center scholars that offer fresh perspectives on history, society, culture, and the ideas shaping our world
gc.cuny.edu
Graduate Center Books to Enhance Your Summer
These recently covered books by Graduate Center scholars illuminate the past and present and are sure to spark new ideas this summer.
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Aaron Wherry @aaronwherry.bsky.social · 22/06/2026
Prime Ministers since January 1, 2016 Canada 🇨🇦 Justin Trudeau Mark Carney United Kingdom 🇬🇧 David Cameron Theresa May Boris Johnson Liz Truss Rishi Sunak Keir Starmer Andy Burnham (probably)
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Miles Corak @milescorak.com · 22/06/2026
“The deep irony is that the chase for the majority may have been as good as it gets for Carney’s position atop Canadian politics. The parliamentary stranglehold that he built…will help the prime minister speed up his agenda. But it will also leave no one to blame for any failures of his government.”
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The New York Times @nytimes.com · 22/06/2026
Alan Greenspan, who in nearly two decades as chairman of the Federal Reserve nurtured a long run of prosperity, navigated crises and was a powerful force in shaping market-friendly policies, died on Monday. He was 100. Read more: nyti.ms/4fZ9n0H
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Nick Huntington-Klein @nickchk.com · 20/06/2026
i think there are a lot of people who would find it very hard to believe that the field of economics could produce this paper. and yet! Acemoglu is like the mainstreamest and most successful economist working today. some priors could use an update. www.nber.org/papers/w35336
nber.org
Automation and Repression
Founded in 1920, the NBER is a private, non-profit, non-partisan organization dedicated to conducting economic research and to disseminating research findings among academics, public policy makers, an...
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The Wall Street Journal @wsj.com · 16/06/2026
Work from home is hardly over. In fact, it’s probably here to stay. on.wsj.com/3SchYmO
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Steven Durlauf @durlauf.bsky.social · 14/06/2026
Delighted that this paper with Kristina Butaeva @butaevak.bsky.social and Alexander Shapoval is now public.
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The Economist @economist.com · 15/06/2026
There is a growing belief that if AI generates extraordinary wealth, the public should share in it. Beneath the populist packaging lies a serious idea econ.st/4ar3vti Illustration: Álvaro Bernis
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MIT Stone Center on Inequality and Shaping the Future of Work @mitshapingwork.bsky.social · 11/06/2026
Why isn't the market pursuing pro-worker AI? Co-director @dacemoglumit.bsky.social explains that the reasons are both economic and ideological.
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