Assorted Links Monday
How far along are you in your holiday shopping? That, and more.
How far along are you in your holiday shopping?
How American leaders failed to help workers survive the 'China Shock': Standard economic theory said that the non-college-educated workers who lost their jobs would move or retrain and find work in other places or sectors. But they didn't. Most stayed put and were never fully employed again."
Help really wanted. No degree, work experience or background checks: Employers are easing job requirements and speeding up hiring procedures to survive a U.S. labor market with more openings than applicants
Amid a global supply chain crisis, how New Orleans’ port has avoided major shipping delays:The reason largely reflects the broad trade geography of the Port of New Orleans. Its position on the Mississippi River near the Gulf of Mexico enables it to be both a river and sea port, serving a vast hinterland as well as a global foreland.
Americans are flush with cash and jobs. They also think the economy is awful:
The psychological effects of inflation seem to have the upper hand.
Why Americans are so grumpy about their economic boom: There’s a big gap right now between consumer sentiment and statistical indicators. It should narrow, but may not go away.
Why the chip shortage hasn’t been fixed yet: As with any complex supply-chain quagmire, there are a number of different factors that are building on one another, which means there isn’t one simple fix to the semiconductor shortage. Here’s a breakdown of what’s likely to making it so bad.
America needs a new scientific revolution: A repurposed antidepressant might help treat COVID-19, a remarkable study found. The way this research was funded highlights a big problem—and bigger opportunity—in American science.
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