November 15, 2024
JD Vance is Right: Reduce the Power of Big Foundations to Help Charity
In his 2021 campaign for Senate, JD Vance, now vice-president-elect, minced no words in expressing his disdain for two of America’s largest private, philanthropic institutions: the Ford Foundation and the Gates Foundations. Both are, he said, “fundamentally cancers on American society but they pretend to be charities, so they benefit from preferential tax treatment.” Their endowments, he continued,…
November 10, 2024
The Risks of Nonprofit Local Journalism
The decision of Washington Post owner/Amazon founder Jeff Bezos not to allow the paper’s editorial board to endorse a presidential candidate has stirred disappointment cum outrage among the paper’s readers — some 250,000 have gone so far as to cancel their subscriptions. Bezos, with the deepest of pockets, was once viewed as the Post’s savior — now he’s the devil in…
November 7, 2024
Introducing the “More Accurate Consumer Price Index”
Abstract Particularly since the 1990s, federal statistical agencies have worked to improve the ability ofvarious price indexes to measure changes in the cost of living. However, in recent years, somehave sent mixed signals to researchers about the relative merits of different measures. As aresult, academic and policy researchers routinely use theoretically and empirically inferior priceindexes…
November 5, 2024
Harvard Professor Edward Glaeser on the U.S. Housing Crisis
Why are U.S. housing prices so high? Edward L. Glaeser, the Fred and Eleanor Glimp Professor of Economics at Harvard University, is an expert in housing and urban economics. His work highlights the relationship between housing supply, urban growth, and economic prosperity, offering insights for policymakers to create more sustainable and equitable urban environments through…
November 4, 2024
Again, Tariffs Didn’t Make American Manufacturing Great
Nationalist/populist conservatives, including the Republican nominee, claim that US economic history supports their views of trade protectionism. Donald Trump says “tariff” is “the most beautiful word in the dictionary” and that America “in the 1890s was probably the wealthiest it ever was” because of its tariff system. First, per capita GDP is, conservatively, seven times higher…
October 30, 2024
Workforce Strategies for New Industrial Policies: Governors’ Emerging Solutions
New research from the Project on Workforce and the National Governors Association highlights how governors are leveraging new industrial policy opportunities to strengthen workforce development and meet labor market needs. As the federal government allocates trillions of dollars toward new industrial policies, states face a significant challenge: they will only succeed in realizing the economic…
October 30, 2024
American Opportunity Index 2024
The 2024 American Opportunity Index measures how well America’s largest companies drive economic mobility and positive career outcomes for their employees—actions that also can help fuel business performance. It is based on independent data and is the only measure of employer quality to evaluate what really happens to workers at America’s largest employers over time….
October 22, 2024
Poverty, Hardship, and Government Transfers
Abstract We examine how the well-being of those with few resources changed, amidst economic disruption and large, transitory government transfers. We find that in the years leading up to the pandemic and in 2020, the patterns for income and consumption poverty were very similar. In 2021 and 2022, however, changes in income and consumption poverty…
October 21, 2024
US Tariffs Will Not Bring Back Jobs from China
Although protectionism has become a rare point of bipartisan consensus in America, the public debate about it gets some basic facts wrong. Yes, trade is disruptive, but the US has been unwilling to take advantage of the opportunities generated by it and is instead trying in vain to recreate the jobs of the past. Washington,…
October 18, 2024
What’s Working in America’s Workforce System
The American workforce is undergoing rapid changes driven by demographic shifts, technological advancements, and evolving skill requirements. During this time of rapid disruption, the question arises: How can our training programs and workforce development systems do a better job of supporting workers and employers to meet their skill and employment needs? The Workforce Futures Initiative (WFI)—a collaborative research effort between…