Marco Annunziata

1 day ago | justthink.substack.com | Marco Annunziata

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1 week ago | justthink.substack.com | Marco Annunziata

This is an almost irrelevant article. In the comments section of my previous post, Larry Hatheway and I got into a sparkling debate on whether Democrats or Republicans have a better record on fiscal responsibility. Larry argued that Republican fiscal responsibility is a myth that needs debunking. Other readers agreed with him that Democrats have been far more fiscally responsible. I disagreed. But after looking at the numbers again, I think we are all wrong.

2 weeks ago | justthink.substack.com | Marco Annunziata

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3 weeks ago | justthink.substack.com | Marco Annunziata

My previous article, on The Manufacturing Fetish, generated a lively debate both on and off-line. Probably because the underlying question is a fundamental one: how is the distribution of jobs and economic opportunities evolving? What jobs will we do? What jobs should we want to do? Here I want to raise two closely related aspects: education and Artificial Intelligence. In my discussion on the importance of manufacturing, I left out a fundamental issue: skills.

4 weeks ago | justthink.substack.com | Marco Annunziata

The fixation on manufacturing jobs, I thought, was nothing but a fetish, imbuing the manufacturing sector with a mystical significance detached from economic logic. President Trump wants to bring manufacturing jobs back to the US. But the US economy does not have an employment problem: the unemployment rate is still at very low levels. What’s so special about manufacturing jobs?