May 2, 2023
In Next Recession, Don’t Let Uncle Sam Be Uncle Sucker Again
Following recent bank failures, expectations for a recession have revived. If unemployment rises significantly, Congress will likely re-open its stimulus policy playbook — including by extending unemployment benefits. Yet given an increased focus on containing federal spending, there could be constraints on how much Congress provides. How can policymakers best target future federal aid? They should start by ensuring…
May 1, 2023
Here’s How Hochul Can Salvage Her Goal of More Affordable Housing in NY
Notably missing from the budget the Legislature is passing is a proposal Gov. Kathy Hochul had marked as a top priority: spurring cities and towns to build 800,000 new housing units. It wasn’t fundamentally a bad idea. You don’t have to be an economist to know that if housing prices are too damn high, increasing the…
May 1, 2023
Closing Young Minds
Roger Brooks describes himself as a “loyal supporter” of Durham Academy. A member of the class of 1980, he has donated money every year to support the 1,200-student North Carolina private school. His father was chairman of the board of trustees in the 1970s. When he left New York to move back to his hometown…
March 31, 2023
AI and the Future of Work: Preparing the Workforce for an AI-Driven Economy
AI is best positioned to augment the workforce, not replace it. The U.S. Chamber’s Commission on Artificial Intelligence Competition, Inclusion, and Innovation report outlines recommendations for preparing the workforce for the continued integration of AI tools across our economy. To paraphrase Mark Twain, reports of the “end of work” have been greatly exaggerated – more…
March 27, 2023
Here Are the Kinds of Jobs Chat AI Is Likeliest to Affect
A new analysis estimates that a fifth of all U.S. jobs are in the category most vulnerable to disruption. Researchers at OpenAI—the company behind ChatGPT—and the University of Pennsylvania came out last week with a first look at the potential labor market impact of chat technology. If these initial “guesstimates” hold up, we might be looking at…
March 24, 2023
How Religious Faith and a Sense of Agency Corresponds with Mental Health
“Sisterhood is powerful.” That was an early slogan of feminism, but it’s hard to imagine it being used to describe young women today. In fact, as a number of scholars have recently noticed, the mental health crisis being experienced by many teen and young adult women may have something to do with how little power…
February 14, 2023
Microsoft Is Getting Ready to Eat Google’s Lunch
The new Bing Chat appears to be an existential threat to Google’s search dominance. You’ve heard, endlessly, about ChatGPT, but you may not have had a chance to look at its “child” Bing Chat, a Microsoft product in its testing phase that I got access to around midnight the night before last. Think of ChatGPT as…
February 8, 2023
Where the Tech Layoffs Are Hitting Hardest
Companies are cutting programmers, human resources, and DEI staffers. The hiring burst of 517,000 new jobs in January ran contrary to the conventional economic wisdom, namely that the Federal Reserve’s war on inflation is slowing interest-rate sensitive sectors like finance and technology and presaging a broader slowdown. Tech and finance did, indeed, show some losses—just not enough to…
February 2, 2023
Prioritizing Money Over Marriage, Today’s Parents Are Making a Big Mistake
As parents of teens, we have kids who are beginning to think about their adult future—including college, career and family. One recent conversation Alysse had with her 17-year-old daughter is indicative of the pressure many young people feel to prioritize career and income. “Why do I have to choose a career path right now?” her daughter…
January 19, 2023
Labor Unions and the “Double-Helix” of America’s Workforce Development Future
The role of labor unions in the future of American workforce development depends largely on how we conceive of the needs and demands facing workers and the economy. Traditionally, we’ve thought of workforce development in terms of formal, technical skill development and the so-called “skills gap,” the difference between the credentials and skills our training…