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Noahpinion's profile
Noah Smith
Noah Smith
Noah Smith
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@Noahpinion

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Noah SmithVerified account

@Noahpinion

Bloomberg Opinion writer. Elected "top neoliberal shill" of 2018. Occasionally posts anime gifs.

San Francisco, CA
bloomberg.com/view/contribut…
Joined April 2011

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    Noah Smith‏Verified account @Noahpinion Oct 19

    Noah Smith Retweeted Ioana Marinescu

    This is a good point, and it goes beyond just this particular theory. If industrial concentration is productive, why the productivity slowdown? Would productivity have stagnated EVEN MOAR if not for the benefits of megamergers?https://twitter.com/mioana/status/1053276064984850432 …

    Noah Smith added,

    Ioana Marinescu @mioana
    An increase in competition fueled by globalization leads to reallocation towards larger more prodctive firms, which increases concentration, says @johnvanreenen. But Haltiwanger points out that this can’t explain the productivity decline in the US.
    Show this thread
    5:30 PM - 19 Oct 2018
    • 4 Retweets
    • 28 Likes
    • Ryan pyradius 🔰 Joe Nigel Greg Linden Rand Paul's neighbour (((Curt Larock))) Rem Koning Wateer
    3 replies 4 retweets 28 likes
      1. New conversation
      2. J B X‏ @JimbauxsJournal Oct 19
        Replying to @Noahpinion

        BECAUSE WE STILL REQUIRE JOBS FOR *SURVIVAL*! Hello! We have solved the productivity problem! There are no shortages! What is wrong with people? Stop this madness. #BasicIncome

        1 reply 0 retweets 0 likes
      3. J B X‏ @JimbauxsJournal Oct 19
        Replying to @JimbauxsJournal @Noahpinion

        For heck's sake, the person whose tweet you're quote tweeting is an advocate of unconditional basic income. Implement UBI, and you'll see productivity shoot right back up again, because plenty of low productivity work will disappear, like it should.

        0 replies 0 retweets 1 like
      4. End of conversation
      1. almost always‏ @ms_scherholz Oct 20
        Replying to @Noahpinion

        Can someone please explain how productivity is measured?

        0 replies 0 retweets 0 likes
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      1. Steffan John‏ @SteffanJohn Oct 20
        Replying to @Noahpinion

        Maybe concentration increases productivity in short term due to economies of scale, but diminishes competition (and with it need to innovate internally and the ability of other innovators to capitalise) in the longer term?

        0 replies 0 retweets 0 likes
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