Andrew Elrod is a Ph.D. candidate at the University of California, Santa Barbara. He is writing a dissertation on the history of wage and price controls.

August 11, 2021

Analysis

Built Trades

Employer claims of unavailable labor are rooted in an unwillingness to raise wages and the long-term decline of the nation’s system of training and allocating labor

As the American economy reopened in the first half of 2021, reports of a “labor shortage” spread throughout US industries. But there was one sector where employer panic about hiring was old news: the massive and decentralized US construction industry.

January 22, 2021

Analysis

Inflation, Specific and General

The many causes and effects of inflation.

Concerns over a generalized “inflation” loom in the recovery. Yet the prices that most heavily factor into the cost of living for US workers—housing, health, and education—have already been rising for decades. The question we should be asking is whether…