Chief economist at @InnovateEconomy. Host of the EconTwitter Water Cooler, live on twitter spaces and downloadable here: https://xitter.cf/t.co/toyjfDruRu

Lancaster, PA
Joined June 2010
Adam Ozimek retweeted
Even if employment returns to normal, workers who enter the labor market during an economic downturn can experience lower earnings for years afterward, with effects that may persist well into their careers. w/ @BenGlasner
5
1
8
1,907
How does the American workforce rate President Trump's performance on the economy as the midterms loom? This week @wsj, EIG fellow @jordanmcgillis presents the findings of our collab with @EchelonInsights, the American Worker Survey. Check it out here: wsj.com/opinion/trumps-tarif…
1
2
1
3
2,323
Adam Ozimek retweeted
Matthew Yglesias
@mattyglesias7h
Is it a "revolving door"-type conflict of interest that this campaign to block permitting reform in order to preserve more litigation opportunities is sponsored by a plaintiff's law firm that makes money by bringing these suits?
MARK IT DOWN: The New Mexico Democratic primary in 2028 will be won by an opponent of BAAJA. 106strong.com/
3
27
219
25,660
Adam Ozimek retweeted
Feeling pretty good about this prediction
2
3
35
2,979
Adam Ozimek retweeted
My latest for @PostOpinions is a first look at the new & improved "Freedom in the 50 States" report from @CatoInstitute, discussing how common partisan breakdowns of economic & personal freedom in the US are mostly wrong: wapo.st/4igStdq (🎁)
6
13
5
58
14,737
Adam Ozimek retweeted
Alice Evans has a severely under-read post on this topic. The main theme is that past a certain point a lot of gender equality progress happened via movements in civil society, which communism squashed. ggd.world/p/did-communism-sm…
In case you were wondering why CBS is letting Stephen Colbert go, he recalls "seeing Soviet posters basically saying 'in the west women are not allowed to do any of this.' There was a forward-looking feminist agenda to the communist enterprise." While Puck News's Julia Ioffe, promoting her new book, claims "I think a lot of people forget, including Russians, that Russia and the Soviet Union were the vanguard of world feminism. Russian women had the right to vote in 1917, largely irrelevant very quickly. In 1918 they got access to free higher education, paid maternity leave, child support, even from men who were not their legally married husbands, and they had to start paying when the woman was still pregnant. Let’s see, they got no fault civil divorce, they no longer needed their husband's permission for anything. In 1920, women got the right to abortion in the Soviet Union."
3
16
157
13,231
Adam Ozimek retweeted
Tim Sweeney
@TimSweeneyEpicOct 21
This is amazing and shows what would have taken a vast manual effort in the past can be done as a hobby project very efficiently. Truly a new age of gaming and software ahead.
I ported @TimSweeneyEpic's 1991 shareware PC classic, ZZT, to the Nintendo Entertainment System using Claude Code. One of the most underrated games of the '90s ASCII art on a NES is more fun than it sounds. It runs on a standard MMC3 cart, real hardware, new soundtrack!
107
69
15
1,087
38,459
Adam Ozimek retweeted
New tariff polling from @EchelonInsights continues to be brutal for Republicans. Look at the cross tabs, here: - 68 percent of suburban households say reducing or eliminating tariffs would improve the cost of living a lot/some. - 64 percent of parents. echeloninsights.com/insights…
1
16
6
52
11,113
Adam Ozimek retweeted
Matthew Yglesias
@mattyglesiasOct 21
Would be a good topic for a book
Palmer Luckey warns America cannot compete with China’s population advantage forever through innovation alone: “We need 1 BILLION Americans minimum. Probably more like 2 or 3 billion.” 🇺🇸🇨🇳 “Yes, we need to get our act together. We need to do better at manufacturing, at defense, all these things. But everything is just biting around the margins if we’re 350 million people and they’re 2 billion people who are roughly the same. How exceptional do we have to be to achieve a 10-to-1 ratio forever, in perpetuity? It’s not practical. It’s not logical. I would say it’s even possibly a racist thing to believe that we can be so much better than China and the Chinese people that we’ll just beat them with a tiny fraction of the population. We need to do better with what we’ve got. But we also just need a lot more people. We need 1 billion Americans minimum, probably more like 2 or 3 billion, with better demographics and better natural resources. The Dutch once had the most powerful navy in the world. They didn’t lose that position because they fell behind on factories or shipbuilding. They became economically irrelevant.” Both countries are competing with respect to declining birth rates. Both nations must be more willing to have children and expand the population growth exponentially over the next decade. The current economic path is unsustainable if our labor force begins to shrink even with artificial intelligence on the rise.
49
65
2
2,059
71,999
The OAI-HF incident, the Iranian critical infrastructure hacks, etc. (combined, of course, with our inherent vulnerability to pathogens and stuff like that) should be enough to widen the aperture of imagination on the very significant downside risks that are approaching. But this idea @KelseyTuoc has of "a world where humans are without economic value" strikes me as a similar failure of imagination. Even if a model can do large portions of the types of jobs Kelsey and I have better than we can, I reckon the extraordinary surplus that will correspond with those advances will mean a surge in demand for economic exchanges that only humans can fulfill. People (myself included) will continue to want human beings to do certain things for them based on the very fact that they're human beings. I could come up with a hundred examples, but here are two that appeal to me personally: 1) Human tutors for my kids. I don't want to turn my children over to machines, nor do most parents. AI will surely play a big part in developing lessons, but even if rapid technological progress sets in I expect to be very willing to pay a lot of money for a caring human guide. (And when we're surpassed as writers, it'll be people like Kelsey and me that are available to fill these roles.) 2) Live entertainment. We like watching people do things well, be it on stage or on the field. We will continue doing so even when humanoids can play a concerto really well and shoot three-pointers. As @ModeledBehavior puts it, don't underestimate the economics of the human touch.
I visited Anthropic for a colloquium on where they see us headed. It was very interesting. But not very reassuring.
1
1
4
1,640
Replying to @ModeledBehavior
I wonder if Gibney produced a four hour documentary on Thomas Edison he would conclude that Edison was just a great hype man. Such goofiness.
1
1
3
1,320
This piece is a good example of what goes wrong when you have some story but not economy theory to map that to the data. For example, it asks “So how could bird-flu-driven scarcity explain a price increase of 138%?” The answer is in the article: demand for eggs is inelastic.
When the cost of eggs spiked in 2022, economists said bird flu alone was to blame. Anyone who suspected corporate price-fixing was dismissed as a crank. Inside the alleged egg cartel the experts said couldn’t exist. politico.com/news/magazine/2…
12
35
2
433
23,761
Adam Ozimek retweeted
Matthew Yglesias
@mattyglesiasOct 20
It's I guess not the end of the world, but our comfort with the idea of Hollywood "true stories" that aren't actually true should is kind of troubling and under-discussed. slowboring.com/p/our-culture…
26
7
4
221
35,697
Adam Ozimek retweeted
Some mild cooling in ADP employment growth in the 4 weeks through early October
1
2
10
3,415
Hi, Ami. Thanks for reading. Our survey, conducted by @EchelonInsights, reached more than 1,500 workers, among whom more than 600 were 2024 Trump voters. Of those Trump-voting workers, only 44 percent say that the tariffs have helped the economy. Still, 69 percent of Trump-voting workers support the tariffs. But while they support the tariffs, it isn't with much intensity: Just 3 percent select tariffs as their priority. 24 percent of Trump-voting workers choose tariffs as what they'd least like elected officials to prioritize (among 7 options). That said, 58 percent of Trump-voting workers rated the president's job on trade positively. But at the same time, 59 percent of Trump-voting workers say the tariffs have made their cost of living higher in the past year. One of the most intricate findings is that among the roughly one-third of all workers who support the tariffs, only one-third say they support them if they raise prices. See slide. tldr, people are complicated. Link to full survey results below. (And I'm glad to be in the USA too. 🇺🇸)
Replying to @WSJ @WSJopinion
More lies, what single Trump supporter or workers have you spoken to….. Everyone you know loves high taxes, high crime & illegal aliens. Meaning want USA to be France right now.
1
2
7
1,501
Adam Ozimek retweeted
We had a great discussion yesterday on the policy levers to unlock more housing in PA, as well as the political opportunities & obstacles to state action. Very much appreciate the thoughtfulness & resolve that @josephspicozzi, Rep. Abby Major, & @repmarkosek bring to the table.
Replying to @Arnold_Ventures
Thanks to @josephspicozzi, Rep. Abby Major and @RepMarkosek for joining @jenny_schuetz to discuss how to solve the housing crisis at the @PAChamber Housing Summit.
1
3
1,652
I'm in today's @wsj with the findings of @InnovateEconomy's American Worker Survey — and a warning for the GOP. It wishes to represent the working class, but its affiliation with the Trump trade agenda puts it at odds with workers' self-professed interests.
Trump’s tariffs lose workers’ support. The past year has seen a dramatic swing in opinion on trade, writes Jordan McGillis on.wsj.com/3TNJLLD
5
16
1
32
3,082
We don't need something like Prop. 13 or senior property tax exemptions to address liquidity problems -- deferral programs would achieve that end (and many beneficiaries are high income). The *point* of these programs is to direct tax breaks at long-standing residents who vote
1
1
4
1,660
There are already tax deferral programsf for low income seniors in many states, but they are very rarely used. academic.oup.com/book/41445/…
Let seniors stop paying property taxes at some age but then the township inherits the home when they die?
1
1
1
14
2,440