1. Here's The Chart That Destroys What Republicans Are Saying About The Deficit
2. The 10 Most Popular Charts On The World's Most Amazing Economics Website
Here is one example: Nominal GDP (3.1% growth year over year in Q2):
3. Global trade volume and world industrial production both reached new record highs in July
4. Gas prices dip to eight-month low despite Middle East tumult
Gas prices are at the lowest they've been since late January despite continued unease across the Middle East. Much of the decline in gas prices is part of the seasonal change in supply and demand, but it also reflects a shifting global oil market.
5. 19 Charts That Will Restore Your Faith in the World Economy
Here is one example. Some economists see the Baltic Dry Index as one of the best indicators of global trade and economic vitality:
6. Here Are The Countries That Collect The Most And Least In Taxes
7. Commentary: Robots Taking All Our Jobs? Ridiculous
... If technology enables the same amount of work to be done with fewer people, the argument goes, then it must be bad for employment. More sophisticated variants of this thesis further claim that accelerating technological change has created too much churn in labor markets, and robots are now storming the last few bastions of scarce human abilities.
This tale is not new. The original British Luddites rose up in the early 1800s to oppose mechanization of the textile industry and went so far as to destroy looms that were replacing workers. In the two centuries since, whenever unemployment rates have risen there have been some who blamed the machines. Many even argued that we were heading toward mass permanent unemployment. ...
... Fortunately for workers and for those who understand the potential of new technologies, these ideas are essentially misguided speculation. They fly in the face of years of economic data as well as current trends.
They all fall into what economists call the "Lump of Labor" fallacy, the idea that there's a limited amount of labor to be done. In reality, labor markets aren't fixed. If jobs in one firm or industry are reduced, they're replaced by jobs in other areas of the economy. This is why we did not see massive unemployment as agriculture mechanized in the early 20th century -- the workforce shifted to other professions. ...
8. The Global Economy In 17 Beautiful Maps
For example:
9. Is Innovation Leading to a New Age of Productivity in the U.S.?
... So-called intelligent machines increasingly communicate among themselves and with people. Mobile devices allow round-the-clock interconnectivity. Computers crunch terabytes of data. Such innovations have convinced some economists that the stage is set for a wave of productivity gains to rival the one spawned by the 10-year Internet boom that began in 1995. "I'm quite optimistic," says Erik Brynjolfsson, a professor at the Massachusetts Institute of Technology's Sloan School of Management. Leaps in productivity would allow faster growth without generating higher inflation. Companies could pay their workers more while still enjoying healthier earnings. Rising tax revenue would make it easier for the U.S. to cut its budget deficit. ...
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