A good figure from the Nobel Prize Foundation’s Scientific Background to the Mokyr, Aghion and Howitt Nobel. The figure shows that firm exit rates and job destruction rates are positively correlated with growth in labor productivity; creative destruction in a nutshell.
The post Creative Destruction in a Nutshell appeared first on Marginal REVOLUTION.
Minimum wage hikes and robots
This paper studies how minimum wage policy affects firms’ adoption of automation technologies. Using both state-level measures of robot exposure...
That Was Then/This is Now
Hat tip: Logan Dobson. The post That Was Then/This is Now appeared first on Marginal REVOLUTION. Source link...
Effective tax rates for billionaires
Here is the tweet, here is the source data. The post Effective tax rates for billionaires appeared first on Marginal...
*You Have No Right to Your Culture: Essays on the Human Condition*
By Bryan Caplan, now on sale. From Bryan’s Substack: My latest book of essays, You Have No Right to Your Culture:...
