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May 7, 2025
Did ‘China Shock’ Throw Millions of Americans Out of Work?
…edited by Susan B. Carter, Scott Sigmund Gartner, Michael R. Haines, Alan L. Olmstead, Richard Sutch, and Gavin Wright. New York: Cambridge University Press, 2006. http://dx.doi.org/10.1017/ISBN-9780511132971.Ba652-103210.1017/ISBN-9780511132971.Ba652-1032. Estimates of agricultural employment…
April 3, 2025
Trump’s Tariffs Are a Historic Tax Hike
If implemented, the tariffs announced yesterday by President Trump would constitute the largest tax increase since the 1968 levies to fund the Vietnam War. The details will matter, but my back-of-the-envelope calculation…
January 8, 2025
Menu Adjustment in Response to the Minimum Wage: A Return to the New Jersey-Pennsylvania Border
Abstract This paper studies how output prices are affected by increases in the minimum wage. To the best of our knowledge, we provide the first examination of how the prices…
December 17, 2024
Industrial Policy and Deficits: Dark Clouds for Democratic Capitalism
Democratic capitalism is a system that marries liberal democracy and free-market capitalism. This union creates tensions, and requires balancing competing aims. But this tension is healthy, not destructive — provided…
December 5, 2024
More High-Skill Immigration Is Popular. Let’s Act on That
…last summer, whose authors include numerous academics and think tankers, including AEI economist Michael Strain: One obvious policy solution is to stop sending away foreign-born graduates of American colleges and…
December 5, 2024
Inflation Reduction Act Offers a General Lesson against Industrial Policy
With President Trump’s stunning return to power, Congress has the opportunity in 2025 to enact additional business tax cuts. One of their specific goals should be to make “full expensing”…
December 4, 2024
Back to Basics: America’s Founding, Civics, and Self-Government in K-12 Curricula
…and Leadership, University of North Carolina; Brian V. Kennedy, International Union of Bricklayers and Allied Craftworkers; and Michael Weiser, Chair of the Board of Directors, Jack Miller Center. The panel…
December 2, 2024
Reforming State Authorization of Colleges to Boost Competition and Lower Tuition
…entry such as unnecessary patents, occupational licensure, and certificate-of-need laws in health care. However, some of the most daunting—and underappreciated—barriers to entry in the United States constrain competition in higher…
November 21, 2024
Artificial Intelligence and the Future of Work
Summary Advances in artificial intelligence (AI) promise to improve productivity significantly, but there are many questions about how AI could affect jobs and workers. Recent technical innovations have driven the…
November 21, 2024
A Consensus on Common-Sense Education Reform
…economist Michael Strain, here at AEI.) The report is short, only about 30 pages, and quite readable. If you have an interest in possible solutions to some of the biggest…