May 30, 2024
Building a High Tech Workforce for the Future
The Wall Street Journal reported recently that a bidding war has broken out among the tech giants for scarce and valuable generative AI talent. This scramble is part of a much bigger talent shortage that looms over the US economy in coming years as AI becomes critical business infrastructure. Since generative AI (GAI) burst onto the scene in late 2022, the technology has sped ahead, driven…
May 30, 2024
The Contradictions in Democrats’ Child Tax Credit Expansion Promises
Politicians regularly vie for the support of parents with promises of good schools, bigger family benefits, and tax relief. President Joe Biden did just that last week in calling for increased funding for public education, child care, and more. Sometimes just the language of the proposal—like the president’s call to expand the child tax credit (CTC)—appears to…
May 29, 2024
Holding out Hope for a Left-Right Consensus on Federal Student Lending
For as long as we can remember, Republicans and Democrats have been talking past one another when it comes to federal student loan policy. Both sides of the aisle want students from all backgrounds to have access to a valuable and high quality education, but where progressives prioritize federal support, conservatives call for reining in…
May 24, 2024
The First National Calculation of Mortality of the US Homeless Population
It is well established that those with lower incomes tend to have worse health outcomes. But whether this relationship extends to the most disadvantaged in society – people experiencing homelessness – has rarely been examined. This column explores the relationship between homelessness and health outcomes in the US. It finds that after accounting for demographic…
May 23, 2024
Biden’s Unending Student Loan Forgiveness Run
On Tuesday, the Biden administration announced $7.7 billion in student debt cancellation for about 161,000 borrowers, equating to about $48,000 per borrower. Compared to what has already been spent on loan forgiveness since the pandemic began, that’s an enormous drop in a gargantuan bucket. AEI’s Student Debt Forgiveness Tracker, which I run, tracks all student loan revenue from…
May 22, 2024
Missed Opportunities in the Proposed Farm Bill
House Agriculture Committee Chairman Glenn Thompson’s proposed Farm Bill reauthorization, The Farm, Food, and National Security Act of 2024, heads to committee markup today. The Farm Bill is a tough reauthorization normally, and even more difficult in a tightly divided House. While there are provisions that would improve the program, Supplemental Nutrition Assistance Program (SNAP) needs…
May 20, 2024
Indivar Dutta-Gupta and Scott Winship on the 60th Anniversary of LBJ’s “War on Poverty” on C-SPAN’s “Washington Journal”
Indivar Dutta-Gupta and Scott Winship talked about the 60th anniversary of President Lyndon B. Johnson’s “Great Society” speech and the war on poverty.
May 16, 2024
Critiquing Bastian (2022, 2023, 2024, and forthcoming):On Child Tax Credit Reform and the Sensitivity of Single Mothers to Work Incentives
Abstract In 2021, Congress passed and President Biden signed a major, but temporary, reform to the Child Tax Credit (CTC). Among other reforms to the credit, the American Rescue Plan Act (ARPA) made it available to non-workers on the same basis as workers. Attempts to make this reform permanent foundered, in part, due to opposition…
May 14, 2024
Understanding Trends in Worker Pay over the Past 50 years
Key Points Executive Summary Doomers on the political left and right agree that economic growth has failed to translate into higher wages for American workers, with some claiming that pay has barely risen in 50 years. Such sentiments have been buttressed by flawed analyses that, comparing apples to oranges in a variety of ways, have…
May 13, 2024
The American Dream Is Alive and Well (and the Problem of US Inequality Greatly Exaggerated)
Don’t listen to the populist naysayers: The U.S. economy continues to deliver jobs, higher wages and upward mobility for those who need it most. What do former President Trump and Bernie Sanders have in common? Or Fox News host Tucker Carlson, Nobel Prize-winning Clinton administration economist Joseph Stiglitz and billionaire investor Ray Dalio? Among many other prominent elected officials, commentators, public…