The Exchanges

Every argument clarity score on this site is built from rows on this page. Each question and answer was assessed with names hidden, the host's own answers included, on four things from 1 to 5: directness (does it answer the question asked), coherence (do the ideas follow), precision (concrete details and clear references), compression (says a lot per word). The weighted mix (30/30/25/15) is the exchange score. A person's published score averages their exchange scores on raw tape only, at least 8 of them, shrunk toward the cohort mean. Full method →

Noah Smith no published score: only 2 usable exchanges on raw tape, and a fair score needs 8+ · coarse estimate ≈4.5/5 from 3 raw and produced exchanges record → ← everyone

Every exchange below was scored with names hidden, four dimensions each from 1 to 5. An exchange's score is 0.30·directness + 0.30·coherence + 0.25·precision + 0.15·compression. The published score averages the raw tape exchange scores and shrinks small samples toward the cohort mean, so five great answers can't beat twenty good ones. Produced feed rows count only toward coarse estimates, never toward a full score.

clear all ✕
3exchanges match
2on raw tape
0redirected or not addressed
Answered produced feed D 5 · C 5 · P 5 · Cm 4 4.85

Q We're talking about the manufacturing and the productivity slowdown, but where does this idea of people being able to buy more because of the cheap products that are coming into the market fit in? Because while people may have had a hard time finding jobs, they can buy more with less.

A We do that by trying to adjust for inflation. So if we have very slow inflation, prices aren't going up that much relative to wages. What we'll see is What we call real wage gains. If you get more money for your buck, then your real wage is going up. It turns out that real wages in the United States have been pretty close to flat. Now they've risen the last couple of years, but in the 2000, real wage gains were very, very anemic. Here's where it gets tricky. There's many different measures you can use for inflation. So how much should the price of healthcare weigh in that? How much should the price of rent weigh in that versus the price of a TV? It's very tricky, and you can use some inflation adjustments that show a pretty strongly rising real wage, or that show essentially no wage slowdown in the 2000. You can use PCE.

AI assessment note: “We do that by trying to adjust for inflation.”

Answered raw tape D 5 · C 4 · P 4 · Cm 4 4.30

Q Um, Imagine a world in which it does turn around, like what, what needs to happen for that to happen?

A Oh, you mean what, what do I think would actually cause that to happen? I think, um, one thing would be industrial policy. Uh, I also think that in terms of tariffs, we should have, um, Essentially entirely free trade with, with allies. I think that that would be a wise thing to do because, you know, Japanese manufacturing and European manufacturing don't actually threaten America. In fact, we gain much more from pooling our markets so that we can attain scale similar to what China enjoys because China is pretty much the only competitive threat we face and which all our allies are facing at the same time. And we're fighting with our allies instead of pooling our resources to, to stand up to China. But that's my, you know, that that's, that's a bit of a sidetrack, uh, for me right there. I, I, you know, I, I wrote about all these things pretty extensively during the Biden years, and I thought this is what we ought to be doing. But I think industrial policy is a big missing piece. Um, and also there are various capacity building policies like infrastructure, you know, education. Uh, you know, we need to train manufacturing workforce. Uh, one really reliable thing we see is when we have, like, really good vocational schools, you get better factories. Just train people to work in factories. Uh, Tim Bardic has done a lot of work on that. Um, and then Uh, yeah, pretty much, I, I thin…

AI assessment note: “I think, um, one thing would be industrial policy.”

Answered raw tape D 5 · C 4 · P 4 · Cm 4 4.30

Q Um, Imagine a world in which it does turn around, like what, what needs to happen for that to happen?

A Oh, you mean what, what do I think would actually cause that to happen? I think, um, one thing would be industrial policy. Uh, I also think that in terms of tariffs, we should have, um, Essentially entirely free trade with, with allies. I think that that would be a wise thing to do because, you know, Japanese manufacturing and European manufacturing don't actually threaten America. In fact, we gain much more from pooling our markets so that we can attain scale similar to what China enjoys because China is pretty much the only competitive threat we face and which all our allies are facing at the same time. And we're fighting with our allies instead of pooling our resources to, to stand up to China. But that's my, you know, that that's, that's a bit of a sidetrack, uh, for me right there. I, I, you know, I, I wrote about all these things pretty extensively during the Biden years, and I thought this is what we ought to be doing. But I think industrial policy is a big missing piece. Um, and also there are various capacity building policies like infrastructure, you know, education. Uh, you know, we need to train manufacturing workforce. Uh, one really reliable thing we see is when we have, like, really good vocational schools, you get better factories. Just train people to work in factories. Uh, Tim Bardic has done a lot of work on that. Um, and then Uh, yeah, pretty much, I, I thin…

AI assessment note: “what would actually cause that to happen? I think, um, one thing would be industrial policy.”

page 1
Made with StarZero

Turn any episode into a week of clips.

This entire site, over 1,000 episodes transcribed, diarized, checked and made playable, runs on the StarZero media pipeline. Drop in your own episode and the podcast clipper finds the moments worth sharing, cuts them, captions them, and reframes them for every feed.