Econintersect: Every day our editors collect the most interesting things they find from around the internet and present a summary "reading list" which will include very brief summaries of why each item has gotten our attention. Suggestions from readers for "reading list" items are gratefully reviewed, although sometimes space limits the number included.
Today there are 13 articles discussed 'behind the wall'.
How Obamacare Is Creating New Pathways To Retirement (Mark Miller, Reuters) Is Obamacare a job killer? Republicans have repeatedly said just that. And the recent CBO report gave them even more ammunition for that message. However, Mark Miller sees something different in the CB report:
But the report, issued this week by the Congressional Budget Office, actually says something quite different: Jobs won't be destroyed, but more Americans will choose to work fewer hours because of the ACA's structure, which subsidizes the cost of health insurance for households with low- and middle-range incomes.
The upshot is likely to be something I've suspected all along: The ACA will create work options for people over age 50 as they move toward retirement, because it creates opportunities to get health insurance outside the workplace.
What If Labor Markets Are Tight? (Evan Soltas, economics & thought) The quit rate indicates that jobs are more plentiful than some think and that availability of people may be less than many think. Those conditions describe a labor market that is tightening. The red dot in the following graph shows where we are now.
No Big Deal (Paul Krugman, The New York Times) Krugman is not enthusiastic about the Trans Pacific Partnership (TPP). He says it's not really about free trade but about protecting property rights.
The Monuments of Tech (Quentin Hardy, The New York Times) Detailed look at the palaces of creativity for Facebook, Google and Twitter.
Will Silver Recover From Its Recent Fall? (Lior Cohen, Seeking Alpha) The author is bullish on silver if there is weak economic data, but more important in this article is the data on correlation between gold and silver. It has changed significantly in just two months.
Bitcoin and the Myth of Tech Utopia (James Kwak, The Atlantic) The siren call of software: Clever function and bells and whistles are cheap and in great demand. The Achilles heel: Security is expensive and seldom seen as desirable until after the horses are out of the barn, town, county and state.
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