September 06, 2012
Of plague and such
The extensive staff of this blog searches day and night for items of possible interest that would cater to a reader's every whim. That's just how we rock em.
The latest example of this is this item about an anthropologist who studies medieval skeletons to learn more about the Black Death. Interestingly, people seemed to live longer after the plague was over, possibly because it weeded out the weak and possibly because living standards went up in a less crowded world.
That really was an example of supply and demand in action. After the 14th century pandemic, so many people had died that demand for labor exceeded supply and wages for survivors went up. I'm guessing there was plenty of unoccupied housing to be had as well.
While El Cabrero is all about improving conditions for workers, I think I'd prefer it to happen without such drastic measures in 21st century.
ANOTHER WHACK to supply side economics is delivered by Jared Bernstein here.
WONKY BUT IMPORTANT. Economist Dean Baker looks at the minimum wage as an anti-inequality measure here.
TALKING COAL. Here's a thoughtful article from the State Journal about the downturn in coal employment and what might be done about it.
GOAT ROPE ADVISORY LEVEL: ELEVATED