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Dean Baker

@deanbaker13.bsky.social

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Economist at the Center for Economic Research. Father to two dogs.

  1. side note, I'm old enough that "Eurosclerosis" (insider/outsider labor markets, high youth unemployment) was a regular part of macro discourse when I was in college & grad school.

    would love to see an informed comparison of that period to the 2025-vintage US

    It's unfortunately very normal for youngsters to experience deteriorating labor market outcomes relative to prime working age folks when the labor market starts cooling... even prior to any recession.

    Not unique to 2023-25.

    (Also, this is not a recession forecast.)

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  2. Likely?

    What are you even doing AP?

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  3. you do need to include 2000-05, that was when the trade deficit increased. It narrowed slightly in the second half of the decade

    I am trying to tease out how many manufacturing jobs were lost to off-shoring vs productivity increases in the 00's. Unfortunately we only have sectorized GDP data from 2005 on.

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