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Goldin That Thar Interview

Harvard economist Claudia Goldin is interviewed in the most recent issue of The Region (Sept. 2004), a quarterly publication of the Minneapolis Fed. It’s well worth a read.

For example, here’s the core of Goldin’s response to a question on the role that labor unions played in increasing wages and reducing work hours for American workers:

[A]lmost all of these changes began before the great rise of private-sector unions and federal government labor regulations. Real wages have increased for a very long time, long before the rise of union activity and in sectors in which there were no unions. Real wage increases occur because workers are more productive, so it could be technological change or it could be education….

What about hours declines? Unions, as you know, were quite insistent about hours reductions. But hours declined in manufacturing from the early part of the 19th century to the midpart of the 20th century both per day and in terms of days per week. The big rise of unions in the United States was from the mid-1930s to the early 1950s. Thus the decline in hours preceded the rise of unions, although increased union activity in the late 1910s and in the 1930s may have furthered the decrease in hours and the increase in leisure.

Goldin also mentions one of her current projects, which is to look at the history of corruption in the United States and to get a clearer idea of what forces contributed to its reduction. (She lists a free press as a likely force.)
In this same issue of The Region, be sure also to read Thomas Sowell’s essay on the sorry state of economic journalism.


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