September 15, 2023
Putting This Year’s Poverty Numbers in Context
On Tuesday, the Census Bureau released its latest income and poverty estimates covering calendar year 2022, including two assessments of poverty in America. One, called the Official Poverty Measure (OPM), focuses on earnings and cash-like government benefits, such as Social Security, unemployment, and welfare checks. A second, known as the Supplemental Poverty Measure (SPM), also…
September 6, 2023
Working from Home Has Increased More Modestly Than Many Believe
The shock of the COVID-19 pandemic created urgent demand for “high frequency” national statistics. Prior to the pandemic, many economic indicators were available only on an annual basis (or even less frequently). One important exception was the unemployment rate, which the Bureau of Labor Statistics estimates every month. The unemployment rate jumped more than threefold—from…
August 3, 2023
Another Pandemic Legacy: Removing the EITC’s Work and Earnings Requirement
Since its origin in the 1970s, the Earned Income Tax Credit (EITC) has been the premier federal program promoting and rewarding work by low-income adults. As displayed below, taxpayers have devoted rapidly growing resources to the EITC since the 1980s. Overall, between 1975 and 2022, the EITC cost taxpayers a total of $1.8 trillion, which…
March 6, 2023
The Federal AI Shambles
The future is fast arriving—as the last year’s developments in artificial intelligence make clear—but the national government is nowhere near ready. Over the last year, we’ve seen the explosion into the public consciousness of major breakthroughs in artificial intelligence in the form of new tools that were immediately widely available. First came the release of…
February 23, 2023
Heeding the Warning from the Future
It’s fun to laugh at flat earth theory and similar conspiracist nonsense. It’s less fun to consider the implications of the movement’s resurgence. In case you weren’t aware, America is in the midst of a dramatic, internet-driven resurgence of the fanatical belief that our beautiful, oblate spheroid is in reality a flat plane whose edges…
February 13, 2023
The Eerie Familiarity of California’s Boom-Bust Cycle
Those trying to ride a corporate unicorn to a major IPO should consider the lessons of their nineteenth-century forebears. On January 24, 1848, James Wilson Marshall, a carpenter from New Jersey who had taken up residence near Sutter’s Fort in northeast California, was attempting to establish a timber mill to feed burgeoning construction in nearby…
January 3, 2023
Systemic Disadvantage
The term “systemic racism” freezes social, political, and policy conversation. As soon as the words are uttered, contending parties retreat to their respective corners to engage in a mutual misunderstanding guaranteed to produce anguish and anger on both sides. In a way, the resulting stasis serves the interests of both sides: Progressives are relieved of…
January 1, 2023
Perspective: Is your boss on your DOS? How remote work monitoring can work
The challenge is to develop and use tools that reinforce trust rather than weaken it As COVID-19 recedes, American workers are filtering, slowly and fitfully, back to the office. In the past few years, remote work has gone from rarity to commonplace to an ongoing, contentious renegotiation between workers and employers. One front in this…