I hadn't caught this, but the percent of the population who says "higher prices" are the reason their household finances declined in the last year hit the *all time* high in the UMichigan Sentiment data.
Aaron Sojourner
@aaronsojourner.org
Labor econ. Formerly White House CEA senior economist for labor, UMN prof, union organizer, bike courier, dishwasher. Minneapolis. Posts mine, not employer's (@upjohninstitute.bsky.social). Fellow @iza.org aaronsojourner.org Be kind. Work hard. Have fun.
What was the most important paper in energy and the environment this year? Especially economics, but also law, poli sci, etc. What was the key thing the paper told you, especially as it relates to big picture changes in society, politics, technology, and the economy? Self nominations welcome!
We can help to insulate the American people from the cost of the collapse of the AI bubble by changing bankruptcy laws so as not to protect private equity from their failures deanbaker22.substack.com/p/the-simple...
The Simple Way to Stop the Hidden AI Bailout: Rewrite Bankruptcy Law
It's still capitalism with less PE friendly bankruptcy laws
deanbaker22.substack.com
Is federal involvement in education policy/reform on the way back? I've thought no, but this Gadfly discussion w/ Rep Harder @ the National Reading Panel makes me think bipartisan federal ed reform isn't dead. fordhaminstitute.org/national/res...
Reviving federal ed reform, starting with literacy | Episode 1029 of The Education Gadfly Show
Congressman Josh Harder joins Mike Petrilli and David Griffith to discuss his push to revive the National Reading Panel and advance the READ Act.
fordhaminstitute.org
"The way to ensure against individual extreme events is by hedging — one flood or wildfire in one region may be bad, but others will be fine. "With climate change, that is increasingly no longer the case — droughts and floods and other extremes the world over are suddenly connected"
"Only by cutting additional carbon dioxide going into the atmosphere to zero will we be able to stabilize global climate over the long term," he said in today's In Depth look on p.2 of China Daily: gwagner.com/china-daily-heat
The solution, Wagner argued, lies in both adaptation and emissions reductions. "Invest, invest, invest — in resiliency measures, of course, but also in cutting greenhouse gas pollution in the first place."
"Heat kills — both lives and livelihoods." "And it is often rather small changes in the average that lead to large threshold effects" @chinadailyusa.bsky.social gwagner.com/china-daily-heat "only one additional day above 32 C in any given year lowers annual payroll by 0.04 percent" gwagner.com/hle
My thoughts on where Andy Burnham’s (and the Left’s in general) priorities on the economy should be futureoftheleft.substack.com/p/the-left-m...
The Left must focus on where the jobs will be, not where it wishes they would be
A series on the politics of production.
futureoftheleft.substack.com
The drought in Europe is so severe that it is jeopardizing countries’ economic growth and forcing them to take extreme measures like blowing up riverbeds. Read more: cnb.cx/4w7Xud6
Mortgage rates hit their highest level in over a year, causing demand to drop below year-ago levels
Mortgage rates hit their highest level in over a year, causing demand to drop below year-ago levels
Mortgage rates rose to the highest level in over a year, causing total mortgage demand to drop below year-ago levels.
cnb.cx
AMD plummets 8% in premarket trading despite beating expectations
AMD plummets 8% in premarket trading despite beating expectations
The chip giant has been a big beneficiary of the AI boom, with stock trading 132% up so far in 2026.
cnb.cx
SpaceX dives over 8% after AI spending surge rattles investors
SpaceX dives over 8% after AI spending surge rattles investors
CEO Elon Musk said SpaceX would hit $1 trillion in annual revenue in 2030 versus a previous forecast of 2031 as he looked to strike an bullish tone.
cnb.cx
When will we stop blaming "rogue" models and instead blame the companies who created them and put them to a test without the proper protection?
Financial Times@financialtimes.com · yesterdayOpenAI and Anthropic models went rogue in cyber tests, UK watchdog says ft.trib.al/8AlKMyN
There are so many business models and uses for 3p app stores: protocols, curation for kids, curation for niche tastes, a way to distribute news to benefit newspapers, new tech ideas, nonprofit certifications like low carbon footprint, etc!
Robin Berjon@robin.berjon.com · 13h agoThis aligns with another thing I've been thinking about (but perhaps harder): in the EU, you can now have alternate app stores on your phone. What if we had on-protocol app stores? @trezy.codes covers a lot of the bits below, content moderation handles safety, social graph recommendations. Neat?
I highly recommend NABE’s Econ Career Week for anyone who’ll be on the Econ PhD job market this Fall… #EconJobMarket conta.cc/4yUpx2p
Entering the Econ Job Market? Hear Directly from Employers During NABE’s Econ Career Week!
Email from National Association for Business Economics NABE Econ Career Week | August 10-13 Greetings! Whether you're preparing to enter the PhD job market this year or planning ahead for a future job
conta.cc
This paper was accepted like 2 years ago, but nice to finally see it being officially published, particularly in light of the attacks on Fauci. jhr.uwpress.org/content/61/4... @riacton.bsky.social
BREAKING Missouri voters reject Amendments 4&5 income tax phaseout, initiative petition changes missouriindependent.com/2026/08/04/m...
Missouri voters reject income tax phaseout, initiative petition changes • Missouri Independent
Missouri voters resoundingly rejected major Republican priorities on Tuesday as proposals to eliminate the income tax and change the way majorities are counted lost by large margins across the state.
missouriindependent.com
We are hiring at @cornelluniversity.bsky.social for the @aeadata.bsky.social / LDI Lab for the fall. Help make social sciences more reproducible! If you are a @cornelluniversity.bsky.social student with the necessary qualifications, read about it here www.ilr.cornell.edu/labor-dynami... and apply!
LDI Replication Lab
ilr.cornell.edu
Just listened to @aaronsojourner.org bring the A game to a marketplace story about the labor market on FM radio, wow!!
1.83 American employees quit their job for each one fired in June. This #LaborLeverageRatio proxies for worker bargaining power in the job. Pretty flat over last year, below immediate pre-pandemic level. www.upjohn.org/labor-levera...
@flatwaterfreep.bsky.social and @propublica.org independently tested hundreds of homes in eastern Omaha, Nebraska, and found toxic levels of lead in soil throughout — including in yards that the EPA remediated years ago. Here’s how we did it.
The EPA Doesn’t Typically Retest Homes in the Country’s Largest Residential Lead Superfund Site. So We Did.
The Flatwater Free Press and ProPublica independently tested hundreds of homes in eastern Omaha, Nebraska, and found toxic levels of lead in soil throughout — including in yards that the EPA remediate...
propublica.org
Minnesota! 📣 Ever think about what the $4.4 billion of federal taxpayer dollars spent on mass deportations could buy instead? We did. Wednesday, we're launching a tool that shows the economic tradeoffs of Trump's immigration + deportation assault on our communities. Get a peek here 👇
The cost of mass deportations in states like Minnesota—and what federal tax dollars could be funding instead
This week, EPI will release a new tool showing the cost of mass deportations to taxpayers in every U.S. city, county, and state. For the first time, the actual economic tradeoffs imposed on all taxpay...
epi.org
American factory construction continued declining in official data released today as CHIPS Act projects finish, IRA projects get cancelled, and tariffs weigh on nearly all industries Total US factory construction is down 32% from its 2024 highs and 22% over the last year alone
Official data was released today, and after adjusting for inflation, American office construction has fallen to the lowest level since 2011 It's down nearly 60% since the onset of the pandemic and 15% over the last year alone
Maybe not a popular post for here, but this is my assessment. In economics research, there are some easy ways to get a decent amount of verification of accuracy for AI generated code or algebra. 1/
Pirro and Blanche each recently took official positions against POTUS's ideological positions. POTUS then publicly complained but didn't overrule. He's complaining so that, if you are complaining, he's on your side. But he's just complaining about himself.
I wrote to my Senator tonight based on all the reporting, I just do not understand how ANYONE gets immunity from audits We are all subject to audits and that's that