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wycats's profile
Yehuda Katz 🥨
Yehuda Katz 🥨
Yehuda Katz  🥨
Verified account
@wycats

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Yehuda Katz  🥨Verified account

@wycats

Tilde Co-Founder, OSS enthusiast and world traveler.

Portland, OR
yehudakatz.com
Joined August 2007

Tweets

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    1. Jared Bernstein‏Verified account @econjared 25 Oct 2017

      1) Recent theoretical noodling by economists asks if corporate tax cuts will lead to significant wage boost. http://jaredbernsteinblog.com/when-econ-models-potentially-mislead-econ-profs-should-say-so/ …

      1 reply 10 retweets 10 likes
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    2. Jared Bernstein‏Verified account @econjared 25 Oct 2017

      2) Conclusions are: a) some models yield that result, but their assumptions make them less than useful in the real world.

      1 reply 2 retweets 4 likes
      Show this thread
    3. Jared Bernstein‏Verified account @econjared 25 Oct 2017

      3) b) with footloose global capital, the costs/benefits of corp cut become theoretically uncertain. So you have to look at the data.

      1 reply 2 retweets 4 likes
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    4. Jared Bernstein‏Verified account @econjared 25 Oct 2017

      4) Enter @joshbivens_DC --The growth of productivity and pay were higher when corporate taxes were higher http://www.epi.org/publication/cutting-corporate-taxes-will-not-boost-american-wages/ …pic.twitter.com/Uy8aZ8MOMp

      3 replies 6 retweets 8 likes
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    5. Jared Bernstein‏Verified account @econjared 25 Oct 2017

      5) There’s no cross-country correlation between corporate tax cuts and wage gainspic.twitter.com/4c3vFRR0ka

      1 reply 8 retweets 7 likes
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    6. Jared Bernstein‏Verified account @econjared 25 Oct 2017

      6) Since 2007, corporate profits have gone up yet business investment has gone down, challenging the whole premise of the corp cutspic.twitter.com/m0m8fdWFgG

      2 replies 14 retweets 16 likes
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    7. Jared Bernstein‏Verified account @econjared 25 Oct 2017

      7) For decades, median compensation has fallen far behind productivity growth, breaking another crucial link in the tax cut/wage gain storypic.twitter.com/mAFtlszhFY

      2 replies 12 retweets 10 likes
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    8. Jared Bernstein‏Verified account @econjared 25 Oct 2017

      8) Thanks, Josh! One of my personal favorite economists...always clear, rigorous, evidence-based.

      6 replies 0 retweets 4 likes
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      Yehuda Katz  🥨‏Verified account @wycats 25 Oct 2017
      Replying to @econjared @joshbivens_DC

      Anecdotally, as a small business owner myself, it's hard to see tax cuts having a huge impact bc I'm already eager to hire when profitable.

      10:03 AM - 25 Oct 2017
      1 reply 0 retweets 0 likes
        1. New conversation
        2. Yehuda Katz  🥨‏Verified account @wycats 25 Oct 2017
          Replying to @wycats @econjared @joshbivens_DC

          The biggest drain on our hiring capacity is uncertainty about future profitability, not uncertainty about tax policy.

          1 reply 0 retweets 1 like
        3. Glenn Laaspere‏ @BreakdownSheets 25 Oct 2017
          Replying to @wycats @econjared @joshbivens_DC

          If you're extra profitable, what's a better move: A) payout as employee bonuses / increase wages or B) invest in technology / real estate?

          1 reply 0 retweets 0 likes
        4. HollisterCommercial‏ @HollisterCommer 28 Oct 2017
          Replying to @BreakdownSheets @wycats and

          If wages are already at market then A is unlikely, no?

          1 reply 0 retweets 0 likes
        5. Yehuda Katz  🥨‏Verified account @wycats 28 Oct 2017
          Replying to @HollisterCommer @BreakdownSheets and

          Right. Hire more people.

          1 reply 0 retweets 0 likes
        6. Yehuda Katz  🥨‏Verified account @wycats 28 Oct 2017
          Replying to @wycats @HollisterCommer and

          Which might have an effect on long term demand for work (and thus wages), except the connection is now weaker.

          1 reply 0 retweets 0 likes
        7. Yehuda Katz  🥨‏Verified account @wycats 28 Oct 2017
          Replying to @wycats @HollisterCommer and

          So we're talking about already fabulously profitable companies taking extra $ from tax cuts and plowing them into employees, raising wages

          1 reply 0 retweets 0 likes
        8. Yehuda Katz  🥨‏Verified account @wycats 28 Oct 2017
          Replying to @wycats @HollisterCommer and

          Not impossible (although evidence is weak) but I was mostly pointing out that those forces are non-existent in small businesses.

          0 replies 0 retweets 0 likes
        9. End of conversation

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