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...

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.

nytimes.com

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...

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

From the recent New Yorker interview of @drodrik.bsky.social on his new book, by @johncassidysays.bsky.social (Link below in the thread).

Official publication day www.barnesandnoble.com/w/shared-pro...

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

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...

thewagestandard.com

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.

A bold new economic program for America, by Martin Carnoy, Michael Reich, and Derek Shearer irle.berkeley.edu/publications...

Forthcoming in JOLE: "Minimum Wage Effects and Monopsony Explanations" by Justin Wiltshire, Carl McPherson, Michael Reich, and Denis Sosinskiy www.journals.uchicag... #EconSky

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

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.

​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.

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.

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

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...

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.

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

A short write-up by @petercoy here: static.nytimes.com/email-conten... 7/7

Economics research is cheaper than decades ago.