Scott analyzes wage stagnation since 1973, examining various explanations and concluding that while wages have risen 40-50%, there is still significant decoupling from productivity due to multiple factors. Longer summary

This post analyzes the apparent wage stagnation and decoupling from productivity since 1973. Scott examines various explanations, including measurement issues, demographic changes, inflation calculations, increasing inequality, and policy changes. He concludes that wages have actually risen about 40-50% since 1973, but there is still a significant 50% decoupling from productivity. The main factors are increasing wage inequality (40%), inflation miscalculations (35%), and labor vs. capital inequality (15%). Scott breaks down potential causes and their relative importance, while noting several remaining questions and uncertainties. Shorter summary

A collection of interesting links spanning architecture, science, politics and economics, with commentary on studies about lithium, lead exposure, minimum wage, and free speech. Longer summary

This is a links post where Scott Alexander shares various interesting articles and studies from around the internet. It covers a wide range of topics including architecture, science, politics, economics, and social issues. Notable items include a study showing lithium in drinking water may not have significant effects, research about the lead-crime hypothesis, discussions about minimum wage studies in Seattle, and various pieces about free speech and campus politics. Shorter summary

Scott Alexander examines the phenomenon of cost disease, where costs for basic services like education and healthcare have increased dramatically without corresponding improvements in quality or wages. Longer summary

Scott Alexander explores the concept of cost disease, where costs for essential services like education, healthcare, and housing have increased significantly over the past few decades without corresponding improvements in quality or wages. He presents data showing how these costs have risen much faster than inflation, while worker salaries in these fields have remained stagnant or even declined. Alexander considers various potential explanations for this phenomenon, including market failures, increased regulation, lawsuit fears, and changing risk tolerance. He argues that this cost disease is a major factor behind many current political and economic debates, and expresses concern about its impact on living standards and economic progress. Shorter summary

Scott Alexander cautions against basing opinions on limited research, using examples from medicine and economics to show how cherry-picking studies can lead to opposing conclusions. Longer summary

Scott Alexander warns against relying on a single study or a limited selection of studies to form opinions on complex issues. He illustrates this with examples from medical research and the minimum wage debate, showing how cherry-picking studies can lead to opposing conclusions. The post emphasizes the importance of considering the full body of evidence, including meta-analyses and expert opinions, while also being aware of potential biases in research and reporting. Scott concludes by advocating for skepticism and thorough investigation when evaluating claims backed by scientific studies. Shorter summary