Subject: The Psychology of Stagnant Wages
From: "Bloomberg View" <[email-masked]>
To: <[email-masked]>
Date: Wed, 5 Oct 2016 07:46:03 -0400 (EDT)

.footer .iOSLink a {       color: #666666 !important;       text-decoration: none !important;     }      @media only screen and (max-device-width: 480px) {       body {         padding: 10px !important;       }       .one-column p,       .one-column li {         font-size: 19px !important;         line-height: 29px !important;       }     }A daily digest of opinions and analysisWhy Recession Pay Outlasted the RecessionDemand for workers outpaces supply, but employers’ thinking hasn't caught up yet (and accordingly, neither have salaries). To understand why, Conor Sen examines a similar dynamic from the days of the housing bubble.Why Americans Feel Poor, in One ChartEncapsulating a history of U.S. prosperity in a single image, Narayana Kocherlakota shows that what matters most is output -- weak, weak output.Two Qualified Candidates, One Uninspiring DebateTuesday night’s vice-presidential matchup offered few surprises, Jonathan Bernstein says, with Republican Mike Pence and Democrat Tim Kaine trading barbs and well-prepared soundbites, and presenting themselves as normal politicians in a decidedly abnormal age.Sports Television May Have PeakedBad news for ESPN: Whether it's baseball, football, Nascar or golf, American fans just aren’t tuning in like they used to. Justin Fox suggests that after a lag, the forces that disrupted the rest of the entertainment industry are finally catching up with the sports business.Meet the Machines That Know What’s FunnyAlgorithms can now predict what jokes you’ll like (and do a better job than your friends will). Cass Sunstein examines the practical applications beyond, say, automating late-night talk-show hosts.Ritholtz’s ReadsThe failed philosophy behind the NJ train crash (Medium)Disconfirmations, framing and satisficing (A Wealth of Common Sense)Why thousands of millionaires don’t pay federal income taxes (Washington Post)(Read Barry Ritholtz’s full daily news roundup.)Bloomberg GadflyAustralia’s lucky banksWhat’s the point of Google-brand smartphones?After the oil glut comes a glut of oil office space(Read more from BV’s sister site for fast business commentary.)Bloomberg L.P. ● 731 Lexington Avenue, New York, NY 10022Web ● Facebook ● TwitterFeedback ● Unsubscribe

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