Employment
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Business Conditions Monthly May 2026
Leading indicators improved in May, but coincident activity softened and lagging measures deteriorated sharply. The economy is still balanced, but on a narrowing base.
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Upward Mobility Is a Better Measure of Justice Than Income Equality
If your wealthy boss earns less, will you earn more? France’s compressed salary scale shows more ‘equal’ pay clusters at levels that could keep you both poorer.
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Getting Unemployment Insurance Back to Work
The pandemic exposed weaknesses that had accumulated over decades.
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Immigrants Build America’s Most Valuable Companies
Visa holders founded half of today’s Fortune 500 companies and a majority of billion-dollar startups. Current restrictions damage that competitive advantage and choke off future growth.
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Social Security Is Not a Generational Contract
The rhetoric of a “generational compact” sounds compelling until you ask who actually agreed to it — and who pays for it.
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Fixing Patent Eligibility Is an Easy Win for Innovation
Restrictive patent eligibility has pushed investment in key technologies overseas, weakening one of America’s historic competitive advantages. Congress can still reverse course.
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The Fed Needs Independence, Not Immunity
Monetary policy deserves insulation from politics, but regulation and emergency lending powers may not. Can Congress and the Courts differentiate?
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Teachers’ Unions Are Losing One of Their Government Perks
Should taxpayers be required to subsidize unions’ lobbying for more taxpayer subsidies? Three states say “no, spend our money on students.”
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Trillionaire Entrepreneurs, Forgotten Risks, and the Politics of Envy
Once entrepreneurial success arrives, few recall the risks, ridicule, failed ventures, sleepless nights, and near-disasters that came before.
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•
The Hidden Driver of Social Security’s Fiscal Crisis
Social Security’s financing problems stem not only from an aging population but also from benefit formulas that grow more generous with each generation.
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•
Business Conditions Monthly May 2026
Leading indicators improved in May, but coincident activity softened and lagging measures deteriorated sharply. The economy is still balanced, but on a narrowing base.
-
•
Upward Mobility Is a Better Measure of Justice Than Income Equality
If your wealthy boss earns less, will you earn more? France’s compressed salary scale shows more ‘equal’ pay clusters at levels that could keep you both poorer.
-
•
Getting Unemployment Insurance Back to Work
The pandemic exposed weaknesses that had accumulated over decades.
-
•
Immigrants Build America’s Most Valuable Companies
Visa holders founded half of today’s Fortune 500 companies and a majority of billion-dollar startups. Current restrictions damage that competitive advantage and choke off future growth.
-
•
Social Security Is Not a Generational Contract
The rhetoric of a “generational compact” sounds compelling until you ask who actually agreed to it — and who pays for it.
-
•
Fixing Patent Eligibility Is an Easy Win for Innovation
Restrictive patent eligibility has pushed investment in key technologies overseas, weakening one of America’s historic competitive advantages. Congress can still reverse course.
-
•
The Fed Needs Independence, Not Immunity
Monetary policy deserves insulation from politics, but regulation and emergency lending powers may not. Can Congress and the Courts differentiate?
-
•
Teachers’ Unions Are Losing One of Their Government Perks
Should taxpayers be required to subsidize unions’ lobbying for more taxpayer subsidies? Three states say “no, spend our money on students.”
-
•
Trillionaire Entrepreneurs, Forgotten Risks, and the Politics of Envy
Once entrepreneurial success arrives, few recall the risks, ridicule, failed ventures, sleepless nights, and near-disasters that came before.
-
•
The Hidden Driver of Social Security’s Fiscal Crisis
Social Security’s financing problems stem not only from an aging population but also from benefit formulas that grow more generous with each generation.