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Tag: Unemployment

Becker Friedman Institute: The Race between Machine and Man

Daron Acemoglu addresses an old macroeconomic concern—that machines will replace human labor–with a microeconomic analysis. “How is that for almost 200 years, technological change could be ongoing without non-employment becoming a serious issue?” The Becker Friedman Institute at the University of Chicago supports and advances collaborative, cross-disciplinary research in economics and related fields.

Zachary Karabell: The Leading Indicators – A Short History of the Numbers That Rule Our World

GDP, unemployment, inflation. Trade, housing and stock market data. These are among the “leading indicators” that purport to define what matters in our economic lives. But these broad, clear-cut markers were developed decades ago, and gray areas have come to permeate the U.S. economy since those days. Nevertheless, these outmoded factoids still drive trillions of …

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