August 23, 2023
On August 21, the US Department of Labor (DOL) released its long-awaited “improper payment report” on the troubled Pandemic Unemployment Assistance (PUA) program. PUA was an unprecedented federal unemployment benefit program that operated from early 2020 through September 2021. Prior reports from the DOL Inspector General and the Government Accountability Office suggested that PUA was subject to historic, but previously unconfirmed, levels…
August 22, 2023
Some pro-growth public policies seem super obvious, like attracting more high-skill immigrants or reducing the federal paperwork needed to build clean energy facilities and infrastructure. Paid leave, whether mandated by Washington or funded by new taxes on rich people and large companies, might seem like another obviously good thing. Rarely do I ever hear about…
August 15, 2023
2023 is shaping up to be a pivotal year for artificial intelligence, with the rise of generative AI poised to transform industries and reshape workforces. The latest McKinsey Global Survey on AI confirms the increasing market penetration of tools like DALL-E and ChatGPT and outlines how workers and employers see the technology affecting work patterns in the…
August 14, 2023
In 2008, former White House Chief of Staff and Chicago Mayor Rahm Emanuel famously said what has come to be known as Rahm’s rule: “You never want a serious crisis to go to waste. And what I mean by that [is] it’s an opportunity to do things that you think you could not do before.” It’s clear that…
August 14, 2023
Catherine, a mother living in the New York City suburbs, has a son who flunked out of college. Her story is one of the cautionary tales offered up in Jennifer Breheny Wallace’s Never Enough: When Achievement Culture Becomes Toxic—And What We Can Do About It. Catherine left the workforce to raise her two children. The…
August 9, 2023
The expiration of the American Rescue Plan Act at the end of 2021 brought with it the end of the fully refundable Child Tax Credit (CTC). The CTC has since returned to its pre-pandemic form, phasing-in at 15 percent of earnings beyond $2,500, up to a maximum of $1,600 in a refundable CTC per child…
August 9, 2023
The rise of artificial intelligence (AI) has ignited fears about its potential to disrupt the labor market. There has been no shortage of predictions of huge impacts AI will have on the future of work—especially for workers with higher levels of education—fueling both anxiety and the risk of overzealous regulation. A recent report from the Organisation for Economic Co-operation and Development…
August 3, 2023
Sure, economic growth may allow us to buy more stuff, buy cooler stuff, help us to live longer, and give us the resources to solve big problems such as global poverty and climate change. That’s fine, I guess. But do the higher incomes that come from economic growth make us, you know, happier? Do they,…
August 1, 2023
Does the typical American family today enjoy better living standards compared to 1985? We may have bigger TVs in our living rooms and smartphones in our pockets, but a recent report from Washington, DC, think tank the American Compass suggests the cost of a thriving, middle-class lifestyle has risen over the past generation. To discuss what that…
July 31, 2023
The Biden administration hasn’t been shy about spending money, and spending on higher education policy has been no exception. The most obvious channel for (attempted) spending was the illegal plan to cancel $10,000 to $20,000 in student debt for most borrowers that was halted by the Supreme Court. But there’s another plan in the works…