One of my pet peeves is economists proving something decades later that was obvious at the time. Like one of Jack Welch's nicknames in the 1980s was "neutron Jack" because he fired so many people and now economists come out with papers on wage stagnation. Good job!
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In the late 1990s many CEOs were excited to move work to China to get lower wage costs then in the 2010s economists start coming out with papers on the "China shock." Good job! I mean there's only data because the policy happened.
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What's a good name for this phenomenon? The idea is that economists "prove" something years later when that whole something was the stated rationale for the thing in the first place.
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Replying to @matthewstoller
The Journal of Unsurprising Results? :-)
11:09 AM - 23 Oct 2018
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