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politicoricky.bsky.social @politicoricky.bsky.social · 1d

Excuse the fk me? All government employees are entitled to back pay from the Republican shutdown due to a law Trump HIMSELF signed in 2019 called Government Employee Fair Treatment Act.

#econsky

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politicoricky.bsky.social @politicoricky.bsky.social · 13d

The “brain drain” effect will be long lasting. We’ll lose our edge in R&D, which impacts everything from healthcare to energy to engineering.

#econsky

www.reuters.com/world/austri...

Austria hails 'brain gain' in luring 25 academics away from US after cuts

Austria has lured what it calls 25 "top researchers" away from U.S. institutions including Harvard, the Massachusetts Institute of Technology and Princeton with grants set up in response to the Trump administration's funding cuts targeting universities.

www.reuters.com

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politicoricky.bsky.social @politicoricky.bsky.social · Aug 1

Like I said, really, really bad cooks. I’ll be posting more about the news but this is a full blown data crisis if the president goes through with the firing

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politicoricky.bsky.social @politicoricky.bsky.social · Aug 1

A few things could be happening. Getting more survey data later, less respondents creating more volatility, less staff to collect. It could also just be a one off. Anomalies happen from time to time

politicoricky.bsky.social @politicoricky.bsky.social · Aug 1

Note: this month’s numbers are preliminary. We’ll see updated numbers for June (second revision) and July (first revision) next month.

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politicoricky.bsky.social @politicoricky.bsky.social · Aug 1

The latest jobs report (+73k jobs created) is mediocre. The revisions are brutal. May revised (-125k) to only +19k. June revised (-133k) down to only +14k.

At least this shows the admin isn’t cooking the numbers. Or they’re just really, really bad cooks.

#econsky

www.bls.gov/news.release...

Employment Situation Summary - 2025 M07 Results

www.bls.gov

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politicoricky.bsky.social @politicoricky.bsky.social · Jul 12

Best thing about that is that Sweden is actually very capitalist. Social programs actually strengthen capitalism

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politicoricky.bsky.social @politicoricky.bsky.social · Jul 11

This is not just with census. Response rates for all sorts of surveys are down + less staff compounds the issue

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politicoricky.bsky.social @politicoricky.bsky.social · Jul 11

Well that’s everything in society. Even the phone you’re using had input from public research dollars.

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politicoricky.bsky.social @politicoricky.bsky.social · Jul 11

I meant “we” as in society. Collectively, we do shame people for having kids late or not at all. I don’t because it’s not my business. But many people don’t mind their own business.

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politicoricky.bsky.social @politicoricky.bsky.social · Jul 11

There are a lot of issues with expanding childcare. One of the biggest is low pay. Higher pay naturally attracts more talent. Improved immigration naturally increases the talent pool.

politicoricky.bsky.social @politicoricky.bsky.social · Jul 11

This post is getting a lot of traction! Be sure to follow me for more econ posts or if you have any questions regarding anything econ or foreign policy related

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politicoricky.bsky.social @politicoricky.bsky.social · Jul 11

Thank you. Going to look into this some more

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politicoricky.bsky.social @politicoricky.bsky.social · Jul 11

That’s fine but then we have to stop shaming people for not having kids or having politicians say “we need to encourage the growth of the family.”

Childcare lowers barriers to entry and there’s a net benefit to the economy. Everyone benefits from it

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politicoricky.bsky.social @politicoricky.bsky.social · Jul 11

Birthright means if you’re born here, you’re automatically a citizen. It doesn’t trace lineage

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politicoricky.bsky.social @politicoricky.bsky.social · Jul 10

I partially blame the short-termism of bigger public companies that have to answer to shareholders. The best companies invest in both people and capital and see great growth. But that takes investment up front in training, pay, and benefits which shareholders don’t like.

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politicoricky.bsky.social @politicoricky.bsky.social · Jul 10

Universal childcare would be one of the best ways to stimulate the economy. Studies have shown an increase in workplace participation and wages. For kids, it helps foster development. The ROI on childcare is insane.

apnews.com/article/chil...

#econsky

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politicoricky.bsky.social @politicoricky.bsky.social · Jul 8

This is it. Economy my ass. It was a vibes election.

Non maga trump voters wanted something different. MAGA wanted to hurt others

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Reposted

Adam Kinzinger @adamkinzinger.substack.com · Jul 5

Regarding the flooding: GOP doesn’t want to fund the programs that predict these things, but they still want to blame the federal government for not predicting this. DOGE has consequences

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politicoricky.bsky.social @politicoricky.bsky.social · Jul 5

Yes, it’s also a different entity. ADP uses their clients’ data so it’s a subset of the economy

politicoricky.bsky.social @politicoricky.bsky.social · Jul 5

I always say that numbers don’t lie, people do.

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politicoricky.bsky.social @politicoricky.bsky.social · Jul 4

It stayed about the same

politicoricky.bsky.social @politicoricky.bsky.social · Jul 4

Those are different sources. ADP looks at their own client data. BLS is broader based using CPS and CES survey data

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politicoricky.bsky.social @politicoricky.bsky.social · Jul 4

Well yeah that’s how it’s always been. They use the two surveys and do modeling. They’re revised later due to obtaining more info later.

NPR reported that a big concern is survey respondents giving information since DOGE got access to private info. So getting a good sample is tougher

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politicoricky.bsky.social @politicoricky.bsky.social · Jul 4

It’s roughly on par. Though these numbers will be revised in two months as late data comes in

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