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December 1, 2025

Apocalypse Not

Now we’re getting somewhere! Thanks to the person who posts on X.com using @MTSInsights, I know where Michael Green got his inflated cost estimates, which I critiqued in my last post. (Green, you…

November 27, 2025

The Real Math of Survival?

Earlier today (much earlier…) I posted a critique of the new viral post by Michael W. Green claiming that families with less than $140,000 in income should be considered to be in poverty. That…

November 26, 2025

How Not to Redefine Poverty

…my way. It had gone viral. The essay is by Michael W. Green, who is chief strategist and portfolio manager for Simplify Asset Management. The Free Press version is subtitled, “Why $100,000 Is…

October 15, 2025

Don’t Choose Your Own Adventure: Understanding Middle-Class Earnings Trends

What should we make of earnings trends in the United States? People can differ in their opinions about whether some reported trend is impressive or cause for concern, of course….

May 7, 2025

Did ‘China Shock’ Throw Millions of Americans Out of Work?

…edited by Susan B. Carter, Scott Sigmund Gartner, Michael R. Haines, Alan L. Olmstead, Richard Sutch, and Gavin Wright. New York: Cambridge University Press, 2006. http://dx.doi.org/10.1017/ISBN-9780511132971.Ba652-103210.1017/ISBN-9780511132971.Ba652-1032. Estimates of agricultural employment…

September 10, 2024

America is Still Working

…Capital Project SCP Report No. 3-20, 2020, https://www.jec.senate.gov/public/index.cfm/republicans/2020/7/the-demise-of-the-happy-two-parent-home. [29] George A. Akerlof, Janet L. Yellen, and Michael L. Katz, “An Analysis of Out-of-Wedlock Childbearing in the United States,” Quarterly Journal…

September 10, 2024

Event: New Census Data on American Families’ Economic Well-Being

…time since 2003. AEI’s Michael R. Strain described how 2023 marks a year of recovery and improvement, made possible by the Federal Reserve’s successful efforts to get inflation under control…

February 6, 2024

Research by a Top Biden Administration Economist Reinforces the Importance of Work Incentives in the Child Tax Credit and the Safety Net

…since 1950.” (p. 4) Bastian cites the research of Schanzenbach and Strain (2020) to argue that a reasonable guess for the true employment effect of eliminating just the EITC would…

January 30, 2024

How Sensitive Are Single Mothers’ Work Decisions to a Change in Incentives? Correcting Misperceptions of the Evidence

…p. 2715-2717; EITC-eligible families w/ children (incl. married) Lippold (2019) 0.4-1.0 — Y p. 43-45 (lower-income parents, not just single mothers); unpublished Schanzenbach and Strain (2020) 0.9-1.5 — Y Corinth…

October 31, 2023

It Takes Two

…family stability. Other research focusing on cultural change dates the shift in norms closer to the 1960s. Economists George A. Akerlof, Janet L. Yellen, and Michael L. Katz argue that the availability…