When Canadian universities unionized, it raised faculty salaries and compressed their distribution by lifting the lowest salaries, say researchers at @utoronto.ca, @ucberkeleyofficial.bsky.social, and @memorialu.bsky.social. #econsky www.aeaweb.org/research/cha...
Leprechaun economics strikes again! 🍀
When big American pharma companies changed their Irish tax structures & supply chains in response to Trump's tariffs, this caused the entire EU GDP to drop on paper. Meanwhile, the real Irish economy (GNI*) is actually growing modestly this year.
The impact of unionization on the salaries of faculty at Canadian universities.
Irish GDP is distorted by weird cross border flows from the multinationals that have their HQs there. It had a 12.1% drop in Q1 which is so big this pushed the whole Eurozone into a 0.2% contraction for the quarter! (Ex Ireland it would be around 0.2% positive growth!) www.ft.com/content/be3a...
AEA Journals
Zorka Milin
www.ft.com
Economists say Ireland’s GDP ‘impossible’ to predict because of cross-border flows from multinationals
