The key point isn't just one jobs report. It's whether people can trust the scorekeeper.
If politicians can bully the agency that measures jobs and inflation, every economic debate gets foggier.
https://newsletter.platypuseconomics.com/p/why-i-still-trust-the-jobs-report
The May jobs report was really good news. 172,000 jobs added. More than double expectations.
So why did markets sell off? And why are so many people skeptical of the numbers?
I unpack both on Prof G Markets.
newsletter.platypuseconomics.com/p/why-a-hot-...
The latest jobs report was strong.
If your first reaction was "that can't be right," this one's for you.
How the jobs report is built, what tampering would look like, and why I still believe the data:
newsletter.platypuseconomics.com/p/why-i-stil...
The latest jobs report was strong.
If your first reaction was "that can't be right," this one's for you.
How the jobs report is built, what tampering would look like, and why I still believe the data:
newsletter.platypuseconomics.com/p/why-i-stil...
Japan is a useful case study here.
An aging population creates strong incentives to automate parts of care. When labor is scarce and need is rising, societies experiment.
That's economics, not just technology.
https://newsletter.platypuseconomics.com/p/the-future-of-work-is-care
Prices are rising faster than paychecks.
Average wages haven't kept pace with inflation, which means the purchasing power of the typical paycheck is falling.
I explain what's driving it: https://newsletter.platypuseconomics.com/p/war-rages-on-prices-keep-rising-and
Last week, I argued that the future of work is increasingly about care jobs.
Today, I'm answering your questions about the gender wage gap, men in care professions, and what AI could mean for the growing care economy.
newsletter.platypuseconomics.com/p/the-future...
The first Europeans who saw a platypus thought it was a fraud.
Not because it was fake. Because it didn't fit the model they had in their heads.
I worry we sometimes make the same mistake with economic data.
https://newsletter.platypuseconomics.com/p/why-i-still-trust-the-jobs-report
Video
People don't move to where the jobs are just because vacancies exist.
Wages matter. Status matters. Identity matters.
Labor markets aren't just about incentives. They're about people.
https://newsletter.platypuseconomics.com/p/the-future-of-work-is-care
