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May 7, 2025
Did ‘China Shock’ Throw Millions of Americans Out of Work?
…you know that the decline was 49 percent in Australia, 34 percent in Canada, 34 percent in Denmark, 38 percent in France, 23 percent in Italy, 32 percent in Japan,…
March 27, 2025
The Looming Debt Crisis, the Trump Tax Cuts, and Medicaid
…mark was followed by eighteen years of declining debt-to-GDP levels. But today, we are facing ever-rising debt. By 2055, our national debt is projected to reach 154 percent of GDP,…
February 20, 2025
The American Dream Is Not a Coin Flip, and Wages Have Not Stagnated
…public opinion and objective measures indicate that the labor market is historically strong (though accelerating inflation during and after the COVID-19 pandemic has caused these trends to diverge). Is public…
January 16, 2025
Should We Believe the Economic Data or Americans’ “Lyin’” Eyes? The Answer Is Yes.
…and labor market track the leading objective measure of the strength of the labor market. No lyin’ eyes or lyin’ data here. At least not through mid-2021. Inflation Explains the…
June 18, 2024
Economic Opportunity and Social Mobility
…Australia, Germany, the Netherlands, Norway, Sweden, and Finland. The evidence is ambiguous as to whether America’s absolute mobility looks worse than or the same as that of Denmark and the…
October 31, 2023
It Takes Two
…are in a stable, loving relationship. They also matter because the likelihood that a child lives with married parents has fallen markedly. In 1980, 77 percent of children in the…
July 10, 2023
Reforming the EITC to Reduce Single Parenthood and Ease Work-Family Balance
…individual earnings rather than the earnings of the tax unit. This change would not affect single beneficiaries, but it would markedly alter the benefits available to married couples. Under current…
June 21, 2023
The Bad Math Behind Economic Doomerism
It’s a big week for American Compass, a think tank founded in 2020 that fancies itself as the “pre-eminent alternative to the Old Right’s market fundamentalism.” On the heels of its new…
June 14, 2023
Better Data Means Better Policy
…to compound into marked differences in long-term income growth. This point contradicts any insinuation that the Census Bureau implemented this change for political reasons. Using a more accurate inflation measure…