Justin Wolfers
@justinwolfers
Since Trump returned to office, 86% of net new payroll jobs have gone to women. Women now hold slightly more nonfarm payroll jobs than men — 50.02%. The labor market has shifted. The question is whether our policies and politics have noticed.
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This isn’t just about who gets a tax cut. It’s about who bears the long-run burden. Higher prices for basics plus temporary relief is a rotten deal for working households.
The problem with a gas tax holiday? Lower gas prices encourage more driving. If the goal is relief, send checks based on last year's gas spending instead. Similar help for households, without increasing demand.
The key distinction is between nominal wages and real wages. Nominal wages are the dollars on your paycheck. Real wages are what those dollars can actually buy. If prices rise faster than pay, you’re going backwards.
"If we don't have immigration and population growth, the number of people who can pay off that debt just went down." That's the key mechanism.
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A terrific sign for business confidence is when "not wiping civilizations off the map" counts as good news. Low bar. Somehow still doing limbo under it.
Two things can be true at once: private credit isn't identical to 2008-era shadow banking, and some of the same vulnerabilities may be creeping back. Similar enough to inspect closely.
Private credit is like plumbing behind the drywall — the water still flows, but you lose the gauges. You might not notice the slow leak until the ceiling stains appear. That's the trade-off worth understanding.
Private credit now wants retail money: because apparently the lesson from finance was, 'What if we made shadow banking available in family size?'
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Libya’s largest oil refinery halts operations during fighting! #news #worldnews #libya #oil #libyanews #africa #african #africannews #oilrefinery
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OUR ICE PROTEST THURSDAY NIGHT IN DALLAS - STAND UP, MAKE YOUR VOICE HEARD, DON'T LET THEM SILENCE YOU
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The B2i Digital team is pleased to announce Renforth Resources Inc. (CSE:RFR) (OTCPK: RFHRF) is participating in the Precious Metals & Critical Minerals Hybrid Conference (OTC Markets Group) on Thursday, May 21, 2026 at 3:45 PM EDT. www.virtualinvestorconferences.com/wcc/eh/48149...
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