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Catherine Rampell Profile picture
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13 Mar, 5 tweets, 2 min read
Reader responds to my column praising child allowances: babies and children "have NOT worked a day in their lives," therefore are undeserving of government investment
#readermail Image
for too long lazy babies have been suckling the government teat. time to pull themselves up by their adorably tiny baby bootstraps
*bootie-straps
Proof that America's reading-comprehension deficit is bipartisan: Another reader saw some write-up of this Twitter thread and apparently interpreted it to mean that I am in the pro-babies-working camp #readermail Image
That last message, in its fury about my "IGNORANT AND ILLITERATE STATE," probably belongs in my previous #readermail thread

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More from @crampell

Catherine Rampell Profile picture
8 Mar
was this published purely for the hate-clicks nytimes.com/2021/03/08/din…
when you're definitely a good judge of bagel quality
To those bringing Canada into this: Look, I like the baked goods that people in Montreal call bagels, but they're so different from NY bagels they might as well be an entirely different food. It's like saying "My favorite kind of cheesecake is a burger"
Read 4 tweets
Catherine Rampell Profile picture
5 Mar
Generally a strong report. Headline job growth came in above expectations (+379k), and unemployment fell for "right" reasons (more joining LF). Leisure/hospitality increased by 355,000.
But some warning signs...
*# long-term unemployed changed little over the month and is up by 3 million over the year.
*big state/local govt job losses, esp in education
*U-6 (broader measure of underemployment) still stuck at 11.1%
The jobs deficit today is finally a wee bit smaller than it was at the worst of the Great Recession, so that's an improvement! But it's not THAT much smaller...and the Great Recession was pretty awful.
Read 7 tweets
Catherine Rampell Profile picture
3 Mar
Even if they're allowed to sell every seat in the house, at prices most people already can't afford ($60/ticket for the top row of the balcony), most B'way shows lose money. How on earth could they make the economics of this work?
Take a long-running show that already recouped its investment, Book of Mormon. The last week it was open, it grossed $929,168, with nearly every seat sold (98%). That's $116,146 per performance.
Average ticket price was $112.67; top ticket was $477.50. broadwayworld.com/grosses.cfm
I don't know what it costs to operate the show. Has a large cast. This Crain's article says that the first year the show opened (2011), expenses averaged $634,052 weekly. Presumably higher today. Let's conservatively say $700,000, or $87,500/performance crainsnewyork.com/assets/pdf/CN1…
Read 6 tweets
Catherine Rampell Profile picture
3 Mar
If there's "strong consensus" among economists "about lack of employment effects," that would seem to be news to economists themselves. There is a lot of uncertainty and disagreement about this question within the profession! E.g.:
igmchicago.org/surveys/the-us…
Even if you look at just the labor economists on the IGM Panel, they don't have consensus either. Asked if $15 min wage would reduce low-wage employment in some states, Altonji, Hoxby, & Shimer say yes. Autor says no. Bertrand, Hoynes say uncertain.
If anything, plurality on IGM panel overall said $15 min would reduce employment. Maybe you think they're wrong. Maybe any disemployment effects wd be small, less important than other good effects of the policy -- but don't pretend there's a "consensus" on labor effects
Read 6 tweets
Catherine Rampell Profile picture
1 Mar
.@Public_Citizen says it has uncovered more than a dozen last-minute Trump regulatory rollbacks that were not properly submitted to Congress in a timely manner, violating Congressional Review Act--meaning Biden admin can more easily take them off the books citizen.org/article/rollin…
these are "regulatory roll backs that remove protections for consumers, workers, immigrants, women’s health, LGTBQ communities, small farmers, and the environment, but which never took legal effect, or did so after [Biden's] January 20 regulatory 'freeze” memo.'"
among Trump's last-minute rules that were never submitted to Congress, as CRA requires, and therefore never legally went into effect: regs allowing less energy-efficient products, such as showerheads, dishwashers, washer-dryers. This was a feature of Trump rally speeches
Read 5 tweets
Catherine Rampell Profile picture
28 Feb
Lotta Republicans insisting on Sunday shows that GOP "policies" are quite popular/Trump CPAC comments will be focused on those "policies."
Strange claims from a party that literally abandoned any attempt to produce a policy platform last year -- just said it was pro-Trump
This is what they released last year instead of a policy platform washingtonpost.com/opinions/the-g…
So...what "policies" are they referring to? The only policy the GOP seems to reliably support is tax cuts (not even all that reliably, given Trump raised tariffs, which are taxes). The party's 2017 tax cut overhaul has been viewed unfavorably on net realclearpolitics.com/epolls/other/t…
Read 4 tweets

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