A roundup of the best economic posts on the Web
The Dating Surplus for Chinese Women
How could there be so many lonely women in a country with a vast surplus of men? Economy Lab contributor Marina Adshade posts a letter from a friend in China:
"First, wealth matters. Many Chinese women place high value on a husband with money and stability. In a now famous moment from a Chinese dating show, a female contestant rejected a suitor with the iconic line, 'I would rather cry in the back of a BMW than laugh on the back of a bicycle.' Second, men have to marry downwards. It is humiliating for a Chinese man to be married to a woman with a higher or even equal income. Instead, men prefer to marry women slightly below them on the social ladder."
Vindication of the euroskeptics
Paul Krugman takes a look back at the birth of the euro zone and the warnings that went unheeded:
"So the academic euroskeptics have been proved right in their analysis. Now, that need not mean that the euro was a mistake: there were, after all, political economy considerations. And it certainly doesn’t have to mean that the thing should break up: doing that would be highly disruptive. .... But there is, I think, a lesson here, namely that straightforward economic analysis has its virtues. Euro enthusiasts tended to be kind of cosmic about the whole thing, and dismissed the pedestrian cost-benefit approach taken by many US-based economists. Yet those costs and benefits did and do matter. And the crisis Europe is now having is very much the kind of thing those pedestrian analyses suggested was going to happen.
Pinning down 'Obamanomics'
Washington Post columnist Ezra Klein tries to define the Obama administration's approach to the economy in its first two years in office.
The ambitions of Obamanomics have thus been horizontal, not vertical: This first two years were remarkable more for how many different markets the White House managed to reform than for the ambition and scope of their reforms in any particular market.
Three Changes Making It Difficult To Find a Low Skill Job
At Worthwhile Canadian Initiative, Mike Moffatt lists the policy changes in Canada that are making it more difficult for workers with low- to no-skills to find jobs.