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The question of full employment and music from room 608

Summary:
Over at WaPo, I revisit the argument that a) since economists can’t tell if we’re truly at full capacity in the job market, b) there’s not much in the way and price and wage pressures, and c) the prime-age employment rate is not apparently topping out, we should assume there’s still economic room-to-run. I’m on the road and in room 608, which is why I can’t get this old, uptempo jam by Horace Silver out of my head. If you let it run on YouTube, next thing you know, you’ll be hanging out with Sister Sadie, who is, ftr, great company. Share the post "The question of full employment and music from room 608"

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Over at WaPo, I revisit the argument that a) since economists can’t tell if we’re truly at full capacity in the job market, b) there’s not much in the way and price and wage pressures, and c) the prime-age employment rate is not apparently topping out, we should assume there’s still economic room-to-run.

I’m on the road and in room 608, which is why I can’t get this old, uptempo jam by Horace Silver out of my head. If you let it run on YouTube, next thing you know, you’ll be hanging out with Sister Sadie, who is, ftr, great company.

Jared Bernstein
Jared Bernstein joined the Center on Budget and Policy Priorities in May 2011 as a Senior Fellow. From 2009 to 2011, Bernstein was the Chief Economist and Economic Adviser to Vice President Joe Biden, Executive Director of the White House Task Force on the Middle Class, and a member of President Obama’s economic team. Prior to joining the Obama administration, Bernstein was a senior economist and the director of the Living Standards Program at the Economic Policy Institute, and between 1995 and 1996, he held the post of Deputy Chief Economist at the U.S. Department of Labor.

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