Ep 36: Labour Economics Versus the World

What is the labour market like? What are the largest barriers in the labour market? Nathan Young and I spoke to economist Bryan Caplan about his new book Labor Econ Versus The World. We also talk about

• Censorship and dictatorships
• Bets he is willing to take
• Malengo and international migration
• DALLE-2 and writing graphic novels
• The literature on education
• Why he is not an experimental economist
• The effect of AI on jobs

Bets Bryan is willing to take

• No important disruption to the politics of countries where Ukrainian refugees immigrate
• Poland will gain over 3x of the GDP Ukraine loses with regards to immigration
• Less than 20% chance of humanity ending by 2100
• Less than 60% chance that he will consider misaligned AI to be a problem in 20 years
• If >5% of people immigrate to a developed nation there will be no civil wars
• Upper bounds on religious fundamentalism in the EU
• What are the odds that mainstream psychiatry accepts his view of mental illness?

• Mankiw, Romer and Weil
• Where has all the Education gone?
• Eric Hanusheck on test scores and GDP