Josh Bivens on Muck Rack

Josh Bivens

Washington, D.C.
As seen in: Economic Policy Institute, CNN, MSN, The New York Times, The Guardian, The Washington Post, TIME, USA Today, Yahoo News, Yahoo News Malaysia, Aol and
Mostly boring thoughts about economic policy. Day job is research director @Economicpolicy, but these tweets are just like my opinion, man.
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Articles

Taking affordability seriously: Even with recent oil shocks, affordability remains mostly an issue of incomes, not prices 

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By Josh Bivens
| Economic Policy Institute
Key takeaways: Affordability is not just about prices; it’s the outcome of a race between income growth and price inflation. When income growth is slower than price inflation, affordability worsens. When income growth is faster, affordability improves. Focusing just on prices is bad for understanding how the economy works and how it has performed in the recent past, and it leads to an overly restrictive policy menu for improving families’ affordability.
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Rising inequality is the root of affordability problems

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By Josh Bivens, Hilary Wething, Ben Zipperer
| Economic Policy Institute
Key takeaways: Income inequality has skyrocketed since 1979 because of intentional policy choices that suppressed wages for typical families to accelerate income growth at the top. Middle-class household incomes would be roughly $30,000 higher today if their incomes had simply kept pace with average income growth since 1979. Recognizing that today’s affordability problems are overwhelmingly inequality problems is the key to constructing the right policy solutions.
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Supporting Manufacturing Employment

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By Josh Bivens
| Portside
Figure B Policy measures can close the trade deficit and reshore manufacturing jobs Tolerating this rise of the U.S. trade deficit was a policy choice. The deficit’s rise was driven by a dollar whose value is too high to allow balanced trade. A high dollar makes our exports expensive to foreign consumers and makes foreign imports cheap for U.S. residents. Hence, it leads directly to chronic trade deficits (see Figure C).
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