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April 5, 2024
What’s Wrong with the US Economy? Anything?
Economists were expecting 200,000 net new jobs added in March. Instead it was 50 percent more. Unexpected strength, but maybe not so unexpected, really, for an economy that continues to deliver surprise after surprise. It’s been a great run lately for economic optimists: real wage gains, faster labor productivity, and gobs of jobs. A tight summary…
April 5, 2024
The US Is Failing Substance-Exposed Infants
Key Points Read the full pdf. Introduction The stark human and societal cost of the drug epidemic is undeniable, directly taking over 100,000 lives each year since 2021.1 Due to infrequent and inconsistent testing,2 there is no reliable count of how many children are exposed to substances in utero, but, even before the current drug epidemic began,…
April 4, 2024
Biden’s ‘Tax Cut’ Rhetoric Is Really Just Code For Benefit Increases
President Biden’s rhetoric about his new budget proposal suggests it is full of tax relief for working families. For example, one White House fact sheet is headlined “The President’s Budget Cuts Taxes for Working Families and Makes Big Corporations and the Wealthy Pay Their Fair Share.” Taking from the rich to give more to working (and even non-working) families is a…
April 3, 2024
The Social Workplace: Social Capital, Human Dignity, and Work in America, Volume III
Executive Summary In this report, we analyze 41 interviews of participants in an earlier quantitative survey of worker attitudes. These interviews were targeted to survey participants age 22–29 to better understand the priorities and concerns of younger workers. Our findings underscore the paramount importance of flexibility and purpose in work. Our analysis suggests the definition…
April 3, 2024
The Fearless Fund, DEI, and Attacks on Philanthropic Freedom
Anyone who believes foundations have the right to decide who and what they fund should be concerned about the lawsuit brought against the Fearless Fund, and its associated foundation, over a grant contest exclusively for Black women. That includes those of us who don’t support race-specific policies and programs. The organization behind the litigation currently winding its way…
April 3, 2024
School Absenteeism Has Become A Big Problem. But We Can Do Something About It.
Chronic absenteeism has become a pressing challenge for the nation’s schools. The stories are ubiquitous, featuring headlines like last week’s New York Times’s front-pager “Why School Absences Have ‘Exploded’ Almost Everywhere.” In Alaska, 43% of students were chronically absent in 2022-23 (meaning they missed at least 10% of the school year). In Oregon, the figure was 38%; in Nevada, 35%….
April 3, 2024
Feds Should Take a Big Step Back on Student Loans
The federal student loan program has gone off the rails. What was first designed as a program to alleviate the liquidity problem students face when paying for college is now an out-of-control entitlement program that rewards students for spending as much as possible on higher education, causing tuition costs to skyrocket in turn. Biden’s reforms…
March 31, 2024
Can Local Journalism Be Saved?
American local journalism is withering away. Between 2004 and 2019, reports Northwestern’s Medill School of Journalism, the country lost more than 2,000 newspapers, with the total number falling by about one-fourth, from 9,000 to 6,700. The decline bodes ill for democracy. Americans rely on local governments to provide basic public services, on voters to hold…
March 30, 2024
Preventing Weed Smoking — Not More Weed Shops — Is What NYC Needs Now
There’s no getting around the fact that New York’s retail cannabis rollout has been a mess. A few dozen legal weed shops have been swamped, per the most recent count, by at least 2,000 illegal competitors — the unsurprising result of legalizing pot more than a year before the state Office of Cannabis Management (OCM) issued…