A counter-structural as well
How tight? Lets invert
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3 comments
Comments feed for this article
Saturday ~ March 24th, 2012 at 7:34 am
dkuehn
It seems to me manufacturing probably offers a prime example of worrying about composition effects in real wage cyclicality. If you’re going there’s any industry where you’re going to keep the highly productive, highly paid worker and fire the less highly productive worker during a recession, it’s manufacturing.
Saturday ~ March 24th, 2012 at 6:12 pm
TheMoneyIllusion » Yup, it’s your father’s recession, and your grandpa’s too.
[...] Karl Smith recently posted this graph showing the inverse relationship between real wages and durable goods sector hours worked: [...]
Monday ~ March 26th, 2012 at 6:47 am
BullseyeMicrocaps.com » Yup, It’s Your Father’s Recession, And Your Grandpa’s Too
[...] Karl Smith recently posted this graph showing the inverse relationship between real wages and durable goods sector hours worked: [...]