August 15, 2023
The Generative AI Revolution Is Underway
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
Tracking Plans to Make Pandemic Benefit Expansions Permanent
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
The Narcissism of Small Diffidences
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 CTC Work Incentive Works
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 AI Apocalypse Can Wait
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
Does Money (and Economic Growth) Buy Happiness?
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
How the Middle Class Is Faring: My Long-Read Q&A with Jeremy Horpedahl
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
Biden’s Under-the-Radar Budget Bomb: A New Student Loan Repayment Plan
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…
July 28, 2023
It Really Is More Expensive to Give Everyone $1 Than to Give Some People $1
In a piece from last year, Matt Bruenig of the People’s Policy Project argues (in the title of the piece) “Universal Benefits Cost Less Than Means-Tested Benefits.” He lays out his central claim in the following passage: Korpi and Palme accept the idea that, for a given welfare budget, targeted programs reduce inequality and poverty more than…
July 28, 2023
The Time Is Now for Workforce Innovation
Over the past two years, I have had the honor and privilege of steering AEI’s Workforce Future’s Initiative in collaboration with colleagues at The Brookings Institution and The Harvard Kennedy School’s Project on Workforce. Together, we’ve convened experts to evaluate evidence of workforce program success, discuss workforce policy, and identify priorities for new research on the future…