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Adam Ozimek Profile picture
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23 Nov, 4 tweets, 1 min read
It’s incredible how long the lifespans of terrible shows are today. American Dad has had 17 seasons, for example.
Last Man Standing has run for 8 seasons, How I Met Your Mother for 9, Two and a Half Men got 12.
The Wikipedia for longest running tv shows is an absolute garbage dump. Model that. Is it merely diminishing returns? en.m.wikipedia.org/wiki/List_of_l… (Cheers is great, im not talking about Cheers)
cc @tylercowen

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More from @ModeledBehavior

Adam Ozimek Profile picture
6 Nov
From the jobs report, the BLS measure of the % working remotely due to the pandemic remains very high at 21.2% Image
The return to the office is happening across education groups, but the most educated are still more remote than the least educated at the peak of the pandemic. 47.4% of advanced degree holders are remove from the pandemic still. Image
Three occupations are still over half remote, with the highest being computer and mathematical occupations at 636%. These are down from peaks in May, but still remarkably high. While it will continue to fall, these seem most likely to stay a lot remote for the long-run. Image
Read 6 tweets
Adam Ozimek Profile picture
25 Oct
I understand Republicans who are afraid of the rise of the far left. I absolutely am as well, I’ve written about it for years. But that’s a reason to vote for Biden, not against him....
... If Biden loses, the far left will say that moderates can’t win. Say what you will about Hillary, she was a moderate. Biden was the most moderate in the primary. If he loses, moderate, centrist liberalism will suffer a massive blow and the far left will be empowered...
I hear Trump-hesitant conservatives saying now “Biden is just going to let the far left run the show”. But had Bernie won the primary, how many of you would be saying “See if only a moderate like Biden had won, I’d vote for him”...
Read 8 tweets
Adam Ozimek Profile picture
15 Sep
I have a new report out today on our annual survey of the freelance economy. This year we are able to look at how freelancers are faring under COVID, and we learn a lot about the diversity & flexibility of freelancing. upwork.com/i/freelance-fo…
To start, it’s useful to characterize what has happened to the level of freelancing overall. What we found was that after covid a lot of people started freelancing for the first time. But we also had a lot of people pause freelancing.
One story that has been pushed is that the rush of new freelancers has crowded out previous freelancers, but looking at the data don’t think this is largely the case. New freelancers and paused freelancers are very different. Here are the differences:
Read 10 tweets
Adam Ozimek Profile picture
10 Sep
Initial claims at 857,148 (NSA), largely unchanged. Continuing claims also fairly steady at 13,197,059. There's a risk we are becoming numb to numbers this high and steady, but we can't lose sight of how bad this is. While the economy is recovering, this is still bad news
Last year at this time there were 160,342 initial claims. So we are up by around 700,000. That's such a massive amount of job loss, and it doesn't even include PUA.
There are real contradictions in the data all around. CPS says the unemployment level is 13.6 million, claims says 29.6 million. Truth is likely somewhere in between. CPS is undercounting for sure, claims likely double counting
Read 6 tweets
Adam Ozimek Profile picture
4 Sep
Quick thread on the remote work data from the BLS today. First, we can see that the % working remotely due to the pandemic remains high but is declining. Down to 24.3% from 35.4% in May. Note this doesn't include those working remotely *before* the pandemic.
We continue to see an inverse U shape for remote work by age. The youngest and oldest are least likely to work from home, with little difference between prime years of 25 and 54.
There is an education gradient as well. Among advanced degree holders more than half are still working remote. This was as high as 68% in May. Less than HS, very few are remote.
Read 6 tweets
Adam Ozimek Profile picture
11 Aug
I want to add a few more points here around this question: why the heck am I talking about this? There are two pieces of modern economic history that have been largely misread, which contributed significantly to the slow recovery from the Great Recession. Let me explain...
The first misread is that the late 1990s economy was unsustainable. This was not the case. In fact, prior to the fed raising rates, energy prices & housing prices were shooting up massively, creating a misleading inflation environment.
We weren't beyond full-employment, we were simply at full-employment. That is mistake number one. Mistake number two is misreading the 2001 recession and it's aftermath.
Read 14 tweets

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