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May 6 • 17 tweets • 13 min read
I'm excited to have so many labor economists meeting @SOLE_Labor_Econ in Minneapolis starting tomorrow!

🧵on ideas for local food, culture, exercise, and getting around.
Food

Twin Cities are blessed with especially large, vibrant Hmong, and East African communities. Great, affordable Vietnamese and Ethiopian restaurants abound.

Lots of info on food scene in general here:
twincities.eater.com
Lots of great local breweries have tap rooms: @FairStateCoop, @BauhausBrewLabs, @indeedbrewing, @ladonacerveza, @UtepilsBrewing to name a few.
mncraftbrew.org/find-a-brewery/
Food halls let you browse a bunch of places and share seating: @grazeprovisions, @MalcolmYardsMkt, & @MidtownGlobalMarket.
Eat Street, south of downtown, has a lot of restaurants:
minneapolis.org/neighborhoods/…
Downtown has a skyway system that’s easy to miss but a great place to find quick meals at least during the week.
minneapolis.org/map-transporta…
Culture

Walker Sculpture Garden & Modern Art Museum: walkerart.org/visit/garden
MIA:
new.artsmia.org
History at @MillCityMuseum:
mnhs.org/millcity
Video games or pinball?

@updownmpls: updownarcadebar.com/minneapolis/

St. Paul’s @CanCanWonder cancanwonderland.com
Exercise

Mpls has a great park system with connected bike and ped trails along the river and lakes.
exploreminnesota.com/article/bike-5…
Transit

@MetroTransitMN is runs light-rail and buses.

Also easy to grab bike or scooter share @NiceRideMN @lyft @limebike.
minneapolismn.gov/getting-around…
If you want to meet up, DM or email me. Or grab me wherever you see me.

I'm presenting a paper on how common ownership affects wages tomorrow at 10am.

On Sat, I'll be there when coauthors present: Jason Sockin on NDAs at 10am & @David_E_Simon on child welfare reforms at 4pm.
Gonna tag in other local labor economists who're #onhere for more ideas.

What'd I miss, @alanmbenson @JohnWBudd @AbigailWozniak @fatihguvenen @EGolberstein @josephmullins @M_De_Nardi @drdonnalfeir @econ_garcia @agoodmanbacon @Janna_E_Johnson @jt_kerwin @RyanDNunn @KhoaVuUmn?
Ran out of characters before locals
+ @KyleHerkenhoff @Irina_Zay @afogli001 @josedpacas @humancapitalrc @west_kristine?
Music, books & gifts:

Prince Stores at MSP Terminal 1 & @mallofamerica.

Books & music: @magersandquinn @birchbarkbooks @efetusmpls

Kids books: @wildrumpusbooks
southwestjournal.com/features/2016/…

Live: @FirstAvenue @FineLineMPLS @TheCedar
Just one block east of conference hotel, if you need some men's wear or standardt errors.

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More from @aaronsojourner

Aaron Sojourner Profile picture
May 6
Happy #JobsDay. Hope you’re staying healthy.

At 8:30 am ET @BLS_gov delivers the most-important signals abt how economy is changing.

Forecasts’ center:

+400K jobs

3.5% unemployment rate, would = pre-pandemic low back to 1969.
Biggest question in the economy:

How quickly can we raise supply? Bring more labor & capital to production & boost productivity.

Success means more consumption & lower prices.

Failure means more-painful demand reductions.
Will we keep/get COVID under control in US/abroad?

Will employers increase supply by improving job offers fast enough to attract the people they say they want to hire, bring people off sidelines & compensate them for risks/hassles?
Read 21 tweets
Aaron Sojourner Profile picture
Apr 25
Things that are all true:

1) U.S. workers' bargaining power is higher than any time in recent decades,

2) U.S. workers' bargaining power is low & workers are struggling to claim a larger share of value they're helping create,

3) employers' profits bigger than before
From 2019Q4 to 2021Q4:

Corporate profits up 21%,
Consumer prices up 8%,
Hourly private-sector labor compensation up 7%. Image
Really interesting analysis @MollyKinder @kathrynsbach & Laura Stateler @BrookingsMetro looks at changes in profits and compensation among leading employers of essential workers.

Almost all change went to shareholder wealth, not to workers.
brookings.edu/research/profi… Image
Read 8 tweets
Aaron Sojourner Profile picture
Mar 11
For the younger half of U.S. workers, their own wages have grown faster over the year on average than consumer prices (CPI-U: +7.5% into last 3 months), much faster for the youngest workers.

Middle and older age workers' wage growth tended to lag CPI by a few percentage points.
Analysis launches off from @AtlantaFed Wage Growth Tracker (WGT). Follows those employed both in a recent month & 12 months prior, computes over-year wage growth rate for each, & describes growth rate distribution for various groups.
Mean wage growth across all such workers into the last 3 months (Dec21-Feb22) at 7.7% is fastest in 25 years & accelerating. CPI-U ⬆️ 7.5% over same.

Median wage growth (5.8%) & 75th %tile (17.9%) fastest in 25 years & accelerating too. 25th %tile (-0.1%) near series high.
Read 14 tweets
Aaron Sojourner Profile picture
Dec 26, 2021
The survey they cite found that, "When unvaccinated adults are asked what would convince them to get a COVID-19 vaccine, half say nothing could convince them." So the other half (19 million-ish) say something could convince them. But @nytimes gives us this lazy ⬇️ narrative.
The @nytimes cited a @KFF poll.

@uscensusbureau Household Pulse Survey gives independent evidence, w/similar results.

Unvaxxed Americans are split abt evenly. 19.6m say they'd "definitely not" get vaccinated & 18.5m say otherwise. (Health Table 5a).
census.gov/data/tables/20…
@nytimes @KFF @uscensusbureau Americans who are not vaccinated are disproportionately lower-income.

The majority of unvaccinated, lower-income Americans want or would consider a vaccine.

Only a minority say they'll definitely not get vaccinated, as @JuliaRaifman and I found.
Read 12 tweets
Aaron Sojourner Profile picture
Dec 16, 2021
We are at a 20 year low of hiring yield = hires/opening. HR folks, you are not imagining it.

Both an unusually synchronized surge in hiring efforts across organizations as well as a low unemployment rate are driving this.

I am often asked: what can employers do?
Improvements to retention & recruitment can both increase your ability to be selective in hiring, rather than desperate.

For most, start with retention. You already convinced these people to work with you. You are in constant communication with them.

How?
Your employees know what they care about most. Find ways to hear them honestly (pulse surveys, supervisor evals, labor-mgmt partnership...).

Then deliver. Every employer made big operational changes in pandemic. Use job & org design to smooth rough edges created unintentionally
Read 11 tweets
Aaron Sojourner Profile picture
Dec 13, 2021
Younger American workers experienced average growth in their own hourly wages that significantly outpaced average price growth (CPI-U) over the last year.

Middle-aged workers' wage growth lagged price growth a bit.

@arindube's graph below inspired this analysis.
@arindube More detail here:
This differs from @BLS_gov's official real wage growth measure. That focuses on change in average hourly earnings among those employed now & those employed a year ago, mixing wage changes for people employed both times (what I focus on) with changes in the kind of people employed
Read 12 tweets

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