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June 17, 2024
A recent hearing of the House Ways and Means Subcommittee on Work and Welfare confirmed that the financing of the nation’s Unemployment Insurance (UI) system is enormously complicated. Even the name of the federal payroll tax (FUTA—short for the Federal Unemployment Tax Act that authorizes it and pronounced “few-ta”) is confusing. That complexity sent subcommittee members searching…
June 15, 2024
For years, conservatives have dropped the ball on early childhood education policy, almost entirely ceding the playing field to the left. This has led to programs that lack guidance from some important conservative intuitions, like fiscal restraint, the centrality of family and the power of markets. Early childhood education is a crucial kitchen-table issue for…
June 13, 2024
A growing minority of young men are floundering. “Failure to launch” is a description that’s all too common. Consider working a stable job—a decent proxy for whether someone has their life together. For young men (ages 16-24), labor force participation rates are dropping. In 1980, the share of young men who were looking for or had a…
June 13, 2024
The eighth grade girls cleaned up at the middle school graduation I attended last week. Of the four major awards, three went to girls, and just one to a boy. This pattern is all too typical in American life today. Two-thirds of high school students in the top 10% are girls, while boys dominate the…
June 13, 2024
Last month, President Joe Biden bragged about how he forgave another $7 billion in student loans. “The Supreme Court blocked me,” he said, “but they didn’t stop me.” These billions were added to the administration’s tab that already exceeds $400 billion. And that doesn’t count the $500 billion the Supreme Court blocked him from forgiving, or the over $1 trillion he’s effectively trying to…
June 12, 2024
The ongoing debate over fining individuals for sleeping in public spaces is currently being deliberated by the Supreme Court in City of Grants Pass v. Johnson. The case underscores a critical juncture in how we address homelessness. While the court’s decision will undoubtedly carry weight, it risks overshadowing the more pressing issue at hand: the urgent…
June 11, 2024
Key Points Executive Summary In an era marked by a decline in social capital across American institutions, the workplace has become a crucial arena for fostering social connections. Through their careers, Americans not only satisfy their economic needs but also find personal fulfillment, build social networks, and seek—and often discover—a sense of meaning and purpose…
June 10, 2024
AbstractThe 2021 Child Tax Credit (CTC) expansion increased government benefits to families, andespecially to families with the lowest incomes. Economic theory predicts that this policyintervention would have led to a reduction in labor supply among adults in those families. Ourreview of available research suggests that employment within broadly defined demographicgroups was not reduced by the…
June 10, 2024
Populism has infected both major parties in the United States, leading to policies that previous generations of economic policymakers would immediately recognized as foolhardy and counter-productive. But whether the country can escape its self-destructive pessimism is anyone’s guess. WASHINGTON, DC – The past decade has brought a sea change in US economic policy, and not…
June 7, 2024
Social media features a different viral villain every day. If we’re lucky, he or she tells us something about ourselves. In just such a case, a man named Marcus Shepard got more than 12 million views on his post bragging of a breakup with a friend with whom he hadn’t had “meaningful offline contact in almost…