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November 13, 2023
The Jobless AI Future Is Still a Long Way Off
Tech billionaire Elon Musk recently prophesied that there “will come a point where no job is needed,” owing to advances in artificial intelligence. But the fear that AI will cause…
October 31, 2023
It Takes Two
…family stability. Other research focusing on cultural change dates the shift in norms closer to the 1960s. Economists George A. Akerlof, Janet L. Yellen, and Michael L. Katz argue that the availability…
October 30, 2023
Does Wage Theft Vary by Demographic Group? Evidence from Minimum Wage Increases
Using Current Population Survey data, we assess whether and to what extent the burden of wage theft — wage payments below the statutory minimum wage — falls disproportionately on various…
October 27, 2023
Food Insecurity in the US and Inflation
…2023 from a peak of 11.4 percent in August 2022. This should alleviate some of the strain on low-income households and allow food security rates to stabilize in 2023. …
October 17, 2023
What Poor Children Need
When it comes to helping poor children in America grow up to enjoy successful adult lives, progressives and conservatives each have half the truth on their side. There is strong…
October 12, 2023
The GOP Should Be the Party of Parents
…Garnett and Michael Q. McShane recently noted in these pages (“The School-Choice Moment,” August 28), legislative sessions in 2023 alone saw significant educational-choice bills passed in Iowa, Utah, Arkansas, Florida,…
September 23, 2023
Did Pandemic Unemployment Benefits Increase Unemployment? Evidence from Early State-level Expirations
Abstract During the 2021 pandemic year, the generosity of Unemployment Insurance benefits was expanded (Federal Pandemic Unemployment Compensation [FPUC]) and eligibility for benefits was broadened (Pandemic Unemployment Assistance [PUA]). These…
September 15, 2023
Why Industrial Policy Fails
With Democrats and Republicans alike supporting a shift from free markets toward government planning, the United States has clearly entered a new era of economic policymaking. Yet all the reasons…
August 22, 2023
Is Paid Leave a Pro-Growth Policy?
…of some problem in the market), and benefit some groups at the expense of others. Indeed, as my AEI colleague Michael Strain has written, “Such micromanagement would almost surely result in…
August 21, 2023
Four Shocking Truths about the American Economy! (Well, Shocking to Some.)
…productivity growth and wage growth: “The Link Between Productivity and Wages Is Strong” by Michael R. Strain But this next chart tells a radically different story about productivity and pay,…