A new paper co-authored with Peter Skott. We study the recent compression of wage inequality in the US, with a critical outlook on ‘running the economy hot’ and Bidenomics.
18.08.2025 10:26 — 👍 3 🔁 2 💬 0 📌 0
A new paper co-authored with Peter Skott. We study the recent compression of wage inequality in the US, with a critical outlook on ‘running the economy hot’ and Bidenomics.
18.08.2025 10:26 — 👍 3 🔁 2 💬 0 📌 0
Peter Skott and I have a new paper exploring cyclical patterns of employment, wage inequality and the functional distribution of income postkeynesian.net/media/workin...
Main messages:
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08.05.2025 09:55 — 👍 3 🔁 1 💬 1 📌 0
Running the economy hot may be neither necessary nor sufficient, and in fact may be counterproductive to Left or progressive programmes. We might do better to focus our energies on decommodification and a wider set of actions that challenge the power of capital 6/
08.05.2025 09:59 — 👍 1 🔁 0 💬 0 📌 0
Punchlines: inequality is multidimensional; using tight labour markets alone to reduce inequality may backfire due to contrasting effects along multiple dimensions. We observe a positive correlation between the wage share and wage inequality empirically and in our simulation 5/
08.05.2025 09:59 — 👍 1 🔁 0 💬 1 📌 0
Multiple mechanisms explain these patterns: 1) differential rates of labour hoarding, 2) induced mismatch, 3) efficiency wage effects. We analyse the mechanisms in a static model and a simulation model of endogenous cycles 4/
08.05.2025 09:59 — 👍 0 🔁 0 💬 1 📌 0
ver the cycle between employment rates and the college/non-college relative wage in the US 3/
08.05.2025 09:59 — 👍 0 🔁 0 💬 1 📌 0
US data demonstrates a clockwise Goodwin pattern of unemployment and the wage share, reflecting shifting distribution along one dimension over the cycle 2/
08.05.2025 09:56 — 👍 0 🔁 0 💬 1 📌 0
Peter Skott and I have a new paper exploring cyclical patterns of employment, wage inequality and the functional distribution of income postkeynesian.net/media/workin...
Main messages:
1/
08.05.2025 09:55 — 👍 3 🔁 1 💬 1 📌 0
Illuminating the debate through data-driven research #inequalitydata✨
Hosting the World Inequality Database🌐 https://wid.world/
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http://piketty.pse.ens.fr/
post-Keynesian economist, liberal-lefty
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Assistant Professor of Sociology at UNC-Wilmington / author of 'Reimagining Aid: Foreign Donors, Women’s Health, and New Paths for Development in Cambodia' forthcoming with @stanfordfordpress.bsky.social
Makroökonomie der sozial-ökologischen Transformation beim IMK/Hans-Böckler-Stiftung (Macroeconomics of Socio-Ecological Transition at the IMK/Hans Boeckler Foundation)
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Economist | Trinity College, Hartford, US | Research Affiliate, Political Economy Research Institute (PERI) @ UMass | Previously Worked @ METU | Formative years @ METU, UMass Amherst
Assistant Professor of Sociology and International Affairs, @princeton.edu.
Visiting Researcher, Wits Southern Center for Inequality Studies.
CIFAR Azrieli Global Scholar.
Climate, urbanization, tech, democracy, Global South.
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Thomas Marois is Professor of Political Economy and Director of the Public Banking Project at McMaster University, Canada. He holds the Canada Research Chair in Public Banking for Sustainability, Inclusion, and Prosperity.
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“Economist” working on abolishing work and prisons while teaching undergrads at a CSU. Member of URPE Steering Committee. Posts my own.