Quotes and Mentions - January 17, 2024
Content
There is additional coverage of UMass Amherst’s expanded partnership with Indigenous communities and the launch of the NSF-funded Center for Braiding Indigenous Knowledges and Science.
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C.P. Chandrasekhar, a senior research fellow at the Political Economy Research Institute, asks in a column if the Indian stock market is primed for a crash. He argues that the current run-up in stocks has been fueled by foreign institutional investors and retail, raising concerns that shares are overvalued.
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A recent paper co-authored by Arindrajit Dube, economics, and a related social post, are cited in an article about how hospitality workers’ wages are rising faster than others. “Regulation doing its thing” turned into “market tightness doing its thing,” he wrote. “Tightness drives out low-wage jobs by creating better-paying ones,” adding that policymakers can “make the market work better for workers or fix it with regulation. Or both.”
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Research and commentary by Arindrajit Dube, economics, is cited in a column about the benefits of the current low unemployment rate in the U.S.
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Research by Dube is cited in an opinion column about the effects of full employment on society. Dube’s research showed that the post-Covid economic recovery has produced especially large wage gains at the lower portion of the scale, compressing the wage distribution.
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Dube is also cited saying that wages and salaries are outpacing inflation, to the point that average real wages are now higher than they were before the pandemic.
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An article cites research co-authored by Daniele Girardi, economics, finding that contrary to popular belief, there is no discernable evidence that studying economics causes selfishness. The study was based on online surveys given to five classes at UMass Amherst.
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“Even if the process engineering uses clean materials, what energy source will the company be using to provide its electricity, and what provisions are in place to eliminate greenhouse gas emissions from the factory?”
Peter M. Haas, professor emeritus of political science, wrote a reply to an article about an incoming clean-tech cement plant coming to Holyoke.
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An article on consolidation in public higher education precipitated by less interest in the humanities cites a 2021 study conducted by the Political Economy Research Institute for the Pennsylvania higher education system.
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There is additional coverage of research co-authored by Christian Rojas, resource economics, finding that when American consumers were presented with reformulated manufactured foods containing less sodium, they opted for saltier alternatives – wiping out most of the effects of a national sodium reduction initiative.
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Reporting on efforts to enact reparations policies in California and New York cites a 2023 UMass Amherst Poll finding that 36% of Americans supported providing reparations for descendants of enslaved people.
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In an op-ed, Richard Wolff, professor emeritus of economics, writes that “to get beyond capitalism’s core — the production relations of employer versus employee — we need explicitly to replace those relations with a democratized workplace, to substitute workers’ self-directed cooperatives for hierarchical capitalist business.”
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