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February 25, 2025
How the AI talent race is reshaping recruitment. A new survey of 250 technical leaders reveals a striking paradox: Companies are dramatically increasing AI investments—some by up to 75 percent in 2025—while simultaneously finding a talent well that is running dry. Ninety-four percent of tech leaders identify talent shortages as their primary barrier to AI innovation, and…
February 24, 2025
Key Points Introduction The year 2019 marked a dramatic turning point in the national discourse on higher education policy. On April 22, 2019, Senator Elizabeth Warren, vying for the Democratic nomination for president, announced that as president she’d cancel up to $50,000 of student debt for 42 million Americans.1 She started a chain reaction, with each…
February 24, 2025
Last month the Wall Street Journal editorial board (“The Great Biden Welfare Blowout”) reviewed the staggering number of welfare recipients in key programs at the close of the Biden administration: Some 84.6 million individuals are enrolled in Medicaid—about a quarter of the population—roughly the same as when Mr. Biden entered office. About 42.6 million Americans…
February 24, 2025
It’s all about the skills, not the credentials. You know the labor market times are changing when Harvard MBAs start showing up in the unemployment stories. According to a recent Wall Street Journal article, 23 percent of recent Harvard Business School grads were still looking for work three months after graduation. In 2022, that figure was only 10 percent….
February 24, 2025
Last year, I published a report, The Age of Uncertainty, on the challenges in understanding and estimating the job and skill impacts of artificial intelligence. One of the big problems was how quickly expert estimates become outdated, not due to any fault on the part of the experts, but because of how rapidly AI is evolving….
February 21, 2025
What is the American dream? It is a “better, richer, and happier life for all our citizens of every rank,” in the words of James Truslow Adams, the historian who coined the term just over a century ago. Adams knew it would be hard to sustain the dream. That is why every generation must strive,…
February 20, 2025
In my last column, I showed that Americans’ assessments of the economy have tracked the official unemployment rate well over the long run. That is important because it suggests that both public opinion and objective measures indicate that the labor market is historically strong (though accelerating inflation during and after the COVID-19 pandemic has caused these…
February 18, 2025
Young liberal women are especially prone nowadays to reporting poor mental health. This was the discovery that Zach Goldberg made almost five years ago pouring over Pew data in the spring of 2020. Further research in 2022 found that depression had surged among liberal high school girls in the last decade-and-a-half, and much more so for them than other high schoolers,…
February 18, 2025
Key Points Read the PDF. Introduction America is in a baby bust, with birth rates hitting record lows and still falling. Young Americans are getting married later and less. Meanwhile, parents face rising stress, and children suffer an epidemic of anxiety. The family is the fundamental building block of a society, as the cell is…
February 14, 2025
The COVID-19 pandemic prompted unprecedented policy interventions in the US that provided nearly $3 trillion to support struggling families. This column examines the short-term effects of these interventions on child poverty and finds quite different trends for income poverty and consumption poverty. While disposable income poverty declined dramatically in 2021, consumption poverty fell more gradually,…