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Monday, February 21, 2011

Change Notice

I don't know if you've noticed, but almost any economic measure you can think of made a significant change in momentum or direction within a few years of 1980.

Here is a list of what I've looked at so far.

The breakdown of federal tax receipt sources among individuals, corporations, and FICA.

Growth rate of Social Security collections and year end total assets.

Rate of year-over year change in total U.S. payroll.

Growth in real disposable income per capita.

Decoupling of GDP/family from median family income.

Decoupling of flexible and sticky inflation rates.

Productivity growth.
Growth rate of non-defense related government spending - both federal and state and local.

Yield on 10-Year Treasury Notes.

Relative growth rates of GDP and public debt.

Stock Market evaluation.

Correlation between deficits and inflation evaporates.

GDP growth plain or per capita.

Update:  This post will be updated as new, relevant information is dicovered.

Things found in other places:

Krugman On the NeoKeynesian - Neoclassical split.

Mark on wages and trade.

Mike Kimel on Accidental Keynesians.

Krugman on Debt/GDP


Mongo, At The Moment said...

"...within a few years of 1980..."

That really does sum the Roots Of The Crazy™ up well.

Anonymous said...

Labor market trends all point the same direction. Many started earlier but all kicked into high gear circa 1980:

full time -> part time

permanent -> temporary

fee per service -> managed care

defined benefit -> defined contribution

union -> <strike>sca</strike>"at will"

Jacob Hacker calls it the Risk Shift. Or what Justin Horton said, with "security" substituted for "money."