Economy

As you read this, workers across the country from retail, fast food, home care, and the federal government are launching one of the biggest strikes yet, calling for $15 an hour and collective bargaining rights. Together, they make up the American working class, the backbone of our economy, and...
11/10/2015
Blog
This week has turned out to be the week of low-hanging fruit for me. On Monday, we had a misleading Cato post that falsely claimed that the US poor are as well off as the poor in Sweden and Denmark. In fact, the poorest Swedes and poorest Danes have 48% and 63% more income than the poorest...
11/05/2015
Blog
Brookings is out with a rather strange four-page report purporting to show that it's hard to reduce inequality with tax-and-welfare policies. It doesn't actually show this, but it's getting a lot of play, so it's worth discussing. What It Says Using tax filing units, the authors determined...
10/15/2015
Blog
The demonized banking industry must make the case it is morally noble. That may jar some ears, but surely enabling retirees to earn a return on their savings and funding business expansion creating jobs and wealth, improving Americans’ quality of and opportunities in life is morally noble. — Eric...
10/01/2015
Blog
At Real Clear Markets, Brookings' Gary Burtless argues that the median income stagnation picked up by the Census' Current Population Survey might not actually be happening. In support of his argument, Burtless offers the following evidence: GDP growth, consumption growth, and unemployment decline...
09/23/2015
Blog
Over the summer, the call to return the United States to debt-free college has been loud and clear. To fulfill the promise of our higher education system, we must ensure that today’s students, the most racially and socioeconomically diverse college class in American history, have the...
09/16/2015
Blog
In 1996, following his campaign promises, President Bill Clinton ended welfare as we knew it. He passed the Personal Responsibility and Work Opportunity Reconciliation Act, a self-congratulatorily titled law which shut down Aid to Families with Dependent Children (AFDC) and effectively ended the...
09/08/2015
Blog
Children present significant poverty and financial risks for families for two main reasons. First, as yesterday's post explains, the mere addition of children to families is enough to push many families into poverty because having a child increases the money a family needs to stay out of poverty....
07/31/2015
Blog
Yesterday, the Obama administration announced a limited pilot program to allow some federal and state prisoners to receive Pell grants. Predictably, the plan has already drawn criticism from Republicans, who objected to the administration’s decision to bypass Congress to jumpstart the program....
07/30/2015
Blog
Arne Duncan made some waves yesterday with a speech that ostensibly tried to provide some “tough talk” for colleges to do better at graduating their students, improving learning outcomes, and generally providing value in the labor market. It was a marker placed in the ground by the Secretary of...
07/28/2015
Blog
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