February 22, 2016

WINNING THE WAR ON WAGES:

The economy is very peaceful today. That's bad news. (Jeff Spross, February 22, 2016, tHE wEEK)

If you want an uncomfortable but useful insight into American employment, there's a new report from the Bureau of Labor Statistics you should see.

It's not terribly complicated. It just documents the number of work stoppages involving 1,000 workers or more -- either from strikes or lockouts -- going back from 2015 to 1947. As Ben Casselman noted at FiveThirtyEight, in 1952, a whopping 470 work stoppages happened across the American economy. Fast forward to last year, and there were only 12.

So the American economy has gotten a lot more peaceful in the last few decades. Good, right?

Thanks, Gipper!

Posted by at February 22, 2016 6:50 PM

  

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