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November 20, 2023

The Next Time States Are “Swimming in Money” Make Them Repay Their Federal Loans

The pandemic was full of firsts, including the first time states received hundreds of billions of federal dollars they could use to shore up their depleted state unemployment insurance (UI) programs. The March 2020 CARES Act provided $150 billion in a flexible “Coronavirus Relief Fund,” whose potential uses included covering states’ “unemployment insurance costs.” Then the March 2021 American…

By Matt Weidinger

November 17, 2023

Male Malaise Is Not Just About ‘the Culture’

You are familiar with the litany of ills blighting our society: declining rates of work and marriage; rising rates of obesity and loneliness; soaring deaths of despair. All of these trends reflect the falling fortunesof the American male, a malaise magnified when we look at boys and men in poor and working-class communities. When the male malaise…

By W. Bradford Wilcox | Elizabeth Self

November 16, 2023

“Harm Reduction” Is No Solution

Advocates of so-called safe-injection sites are seizing on a new study that finds crime has apparently not increased in East Harlem and Washington Heights neighborhoods featuring overdose-prevention centers. The decline in arrests is welcome news, of course, but not necessarily proof that crime has lessened; the study found a rise in 311 calls about drug activity, for…

By Howard Husock

November 16, 2023

Work in a World of Abundance

AEI’s Michael Strain contends that, at least for the next several decades, it is highly unlikely that artificial intelligence (AI) will all but eliminate human jobs. This is largely due to the “creative” side of creative destruction. Innovation creates wealth, wealth creates demand, demand spurs employment. The amount of work to be done always increases. Over the…

By Brent Orrell

November 14, 2023

The Impact of Opportunity Zones on Private Investment and Economic Activity

Abstract Place-based policies aim to stimulate economic development in disadvantaged areas with the goal of improving the well-being of residents. A provision of the Tax Cuts and Jobs Act aimed to spur private investment in low-income areas called Opportunity Zones (OZs). We evaluate the impact of OZs on investment using data on the near-universe of…

By Kevin Corinth | Naomi Feldman

November 14, 2023

The Comeback City

Introduction “Given New York Today, Could Anyone Lead It?” So bemoaned a 1991 New York Times headline after decades of failure and futility.1 Crime was endemic, schools were failing, poverty was pervasive, and the economy had stagnated. From John Lindsay to David Dinkins, mayor after mayor had tried to tackle these problems. They had all…

By Robert Doar

November 14, 2023

Forget the Economics of Grievance

Introduction Donald Trump’s ascendancy has inflicted many changes on the right, including substantially altering its posture on economic issues.1 Where this blend of economic nationalism and conservative populism has been tried, it has been found wanting—at least, if you take the goal of working-class populism to be better opportunities and outcomes for the working class. And…

By Michael R. Strain

November 14, 2023

Did Child Poverty Really Increase Last Year?

In 2021, Democrats succeeded in temporarily expanding the child tax credit (CTC) as part of President Biden’s American Rescue Plan. Previously, the maximum CTC of $2,000 per child was available only to workers with income tax liability and who exceeded an earnings threshold. The expansion gave every family $3,000 per child—$3,600 for younger children—regardless of whether…

By Scott Winship

November 13, 2023

Family’s Place in America’s Social Fabric

The family is arguably the most basic building block of community life.[i] But even as Americans continue to say their own families are centrally important in their lives[ii], family life in the United States more broadly has changed dramatically in recent decades. At the same time, adults are finding satisfaction in their relationships with friends…

By Kim Parker

November 13, 2023

The Jobless AI Future Is Still a Long Way Off

Tech billionaire Elon Musk recently prophesied that there “will come a point where no job is needed,” owing to advances in artificial intelligence. But the fear that AI will cause mass unemployment is rooted in a zero-sum mentality that fundamentally misunderstands how economies evolve. WASHINGTON, DC – In a recent discussion with British Prime Minister Rishi…

By Michael Strain