September 24, 2021

24 Septiembre 2021

Instead of wasting resources in military competition, and bottling up technologies in trying to gain economic advantage, we can look to have a path where we try to maximize cooperation between the superpowers.

• COVID-19CoronavirusIntellectual PropertyPropiedad IntelectualTechnology

Biden Can Transfer mRNA Technology and Leave the Legal Burdens with Moderna and Pfizer

By Dean BakerDean Baker

September 22, 2021

22 Septiembre 2021

The Biden administration could find ways around the legal weapons that Moderna and Pfizer might use to block the transfer of the technology they use to produce mRNA vaccines.

• Intellectual PropertyPropiedad Intelectual

Evil Doers: The Pharmaceutical Industry and the Pandemic

By Dean BakerDean Baker

September 20, 2021

20 Septiembre 2021

The question is whether there are better ways to get these drugs and vaccines. There is good reason for thinking there is.

• InequalityLa Desigualdad

Roger Lowenstein on Share Buybacks: What About Taxes?

By Dean BakerDean Baker

September 18, 2021

18 Septiembre 2021

Even if buybacks are not the great evil that some have claimed, there is no reason for the government to be encouraging them with its tax policy.

• InequalityLa Desigualdad

Cost Disease Socialism: The Niskanen Center’s Unnecessary Fight

By Dean BakerDean Baker

September 16, 2021

16 Septiembre 2021

But socialism is really not the villain. . .it’s actually regulations that restrict supply and raise costs.

• Economic Crisis and RecoveryCrisis económica y recuperación

Alternative to Mankiw’s View on Tax Incentives and Work: Maybe Europeans Want More Free Time

By Dean BakerDean Baker

September 15, 2021

15 Septiembre 2021

The European welfare states all mandate far more paid time off than the United States.

• Economic Crisis and RecoveryCrisis económica y recuperaciónIntellectual PropertyPropiedad Intelectual

Saving $3.5 Trillion on Prescription Drugs to Pay for Bernie Sanders’s Big Agenda

By Dean BakerDean Baker

September 13, 2021

13 Septiembre 2021

Arguably, the full cost of the $3.5 trillion (1.2 percent of GDP) reconciliation package could be covered by savings on prescription drugs alone.

• Economic Crisis and RecoveryCrisis económica y recuperación

New York Times Says Republican Critics of Biden Package Are Worried it Will Lead to Lower Unemployment

By Dean BakerDean Baker

September 06, 2021

06 Septiembre 2021

Many European social democracies have consistently had lower unemployment rates than the United States.

• Economic Crisis and RecoveryCrisis económica y recuperación

The Recovery: Where Are We Now?

By Dean BakerDean Baker

September 06, 2021

06 Septiembre 2021

Workers’ prospects will be further enhanced if Biden’s bill passes since it will hugely increase the amount of security they have.

• Economic Crisis and RecoveryCrisis económica y recuperación

Cheap Fun Saturday: Job Growth Under Biden and Trump

By Dean BakerDean Baker

September 04, 2021

04 Septiembre 2021

The August jobs report was somewhat disappointing. The economy added only 235,000 jobs for the month, just 48,000 more than the 187,000 pre-pandemic monthly average under Trump. Seriously, most of us did expect more jobs (my number had been 500,000), but after two months where job growth averaged more than 1 million, some falloff should have been expected, even without the impact of the Delta variant.

Anyhow, it’s time to see how the economy’s job performance under Biden stacks up against its performance under Trump. As I always say, this is silly since there are so many things that are beyond the president’s control, so the comparison really is not telling us much. But, you know if the situation were reversed, Donald Trump would be touting this graph to the sky. He probably would even have a huge neon version on top of Trump Tower.

So, here’s where we stand now. Including the August number, and the 135,000 upward revision to growth for the prior two months, Biden has now created 4.5 million jobs in the first seven months of his presidency. Trump lost 2.9 million jobs over his four years in office.

Source: Bureau of Labor Statistics and Author’s calculations.

The August jobs report was somewhat disappointing. The economy added only 235,000 jobs for the month, just 48,000 more than the 187,000 pre-pandemic monthly average under Trump. Seriously, most of us did expect more jobs (my number had been 500,000), but after two months where job growth averaged more than 1 million, some falloff should have been expected, even without the impact of the Delta variant.

Anyhow, it’s time to see how the economy’s job performance under Biden stacks up against its performance under Trump. As I always say, this is silly since there are so many things that are beyond the president’s control, so the comparison really is not telling us much. But, you know if the situation were reversed, Donald Trump would be touting this graph to the sky. He probably would even have a huge neon version on top of Trump Tower.

So, here’s where we stand now. Including the August number, and the 135,000 upward revision to growth for the prior two months, Biden has now created 4.5 million jobs in the first seven months of his presidency. Trump lost 2.9 million jobs over his four years in office.

Source: Bureau of Labor Statistics and Author’s calculations.