Category: Business/Technology

Had Novy’s worker’s comp payment kept pace with inflation, which rose 34%, he would have received nearly $21,000 more over the past nine years, according to calculations by University of Wisconsin-Madison economist Menzie Chinn.

As more companies realize that they can’t keep absorbing the cost of import taxes, the impact on inflation could eventually start to snowball, said Menzie Chinn, an economics professor at the University of Wisconsin-Madison.

“If everybody’s facing the same game, they know they all can’t keep prices low forever and take a hit to their profit margins, they’re going to start raising them more rapidly,” Chinn said.

Dietram Scheufele is a professor at the University of Wisconsin-Madison who specializes in misinformation, social media and AI. He told WPR the rise of artificial intelligence models has opened numerous legal and ethical questions that courts are left to grapple with.

On the technical side, Sheufele said, the question is how AI models are able to create lifelike images of child pornography. Another question is whether people or businesses that create the algorithm to assist the AI models that ultimately create the images would be liable.

“The same logic that applies to child pornography will apply to a whole bunch of other things — not in the sense of obscenity, but in the sense of responsibility and copyright, and all the other things that come that come along with that,” Scheufele said.

Menzie Chinn, a renowned economics professor at the University of Wisconsin at Madison, has chronicled a wide array of Antoni’s basic misunderstandings, misrepresentations, and mistakes. In other words, Antoni would probably not get hired as a junior economist at the agency he’s now slated to run.

Menzie Chinn, a professor of public affairs and economics at the University of Wisconsin–Madison and a research associate with the National Bureau of Economic Research, reviewed the claims and found them wanting.

“The conclusion that real GDP is lower as of 2024Q2 than it was in 2019Q1 is not backed up by any calculation using defensible deflators a sensible economist would use. Second, other non-deflator sensitive indicators of real economic activity do not exhibit a downward decline from 2022 onward,” Chinn said.

Kurt Paulsen, a UW-Madison professor who studies urban development and housing policy, says the region’s high rents and low vacancy rates spurred developers to build more housing: “We have had a lot of supply come online in the last year, and a lot in the pipeline in the last year. And you see that now in the fact that the vacancy rate has shot up.”

Still, Paulsen cautions that new construction will likely slow down as developers wait for these units to be absorbed into the market. High interest rates and tariffs on construction materials — the U.S. Department of Commerce recently announced it is tripling duties on Canadian lumber to 21% — pushed by the Trump administration are also likely to slow construction. And though rent growth has stagnated, Madison’s high prices are still pricing out many potential residents.

Menzie Chinn is professor of public affairs and economics at UW-Madison’s La Follette School of Public Affairs. He told WPR’s “Wisconsin Today” that it’s normal for job figures to be revised several times after initial publication.

“The fact that the preceding months were revised down meant that you had a drastic change in the trajectory that you saw,” Chinn said. “… And that is what the markets reacted to.”

In the 1980s, everything changed. President Ronald Reagan slashed funding for renewables and research and development into solar power. “It was really ideological,” said Greg Nemet, professor of public affairs at the University of Wisconsin at Madison. “They cut the solar budget by 85 percent within a couple of years.”