Unemployment
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Progressive Taxes May Discourage the Most Productive Work
A real-world example shows taxes eat into marginal income, steering workers toward lower-paying, but more pleasant, jobs.
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Full Employment May Still Signal Stagnation in Labor
Low layoffs and low hiring have created a fragile equilibrium. The underlying picture points to drift, not true growth.
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Why Keynes Would Have Feared AI — and Why We Shouldn’t
The economist who predicted abundance also worried about displacement. He was only half right.
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Measuring Poverty Correctly Reveals a Hard Truth About the Welfare State
When taxes and transfers are included, poverty is much rarer than commonly reported. But what actually reduces it?
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What 122 Universal Basic Income Experiments Actually Show
After more than 100 pilots, the evidence shows that universal basic income does little to boost employment and risks unintended economic costs.
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Fed Officials Face Diverging Mandates
Evidence suggests that inflation is relatively widespread, job creation has weakened, the Fed will likely hold the policy rate steady.
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How Concerning Are the February Jobs Numbers?
Slow job growth is expected when we remain near full employment and the working-age population is growing slowly.
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Stop Lamenting Inequality—Start Questioning Bad Policy
Global inequality has narrowed and the poor are gaining ground. If the system feels rigged, we should look to government policies that suppress competition and reward insiders.
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What Do Consumers Know That GDP Aggregates Don’t?
Rising costs, reduced mobility, and policy uncertainty may explain why households feel squeezed even when headline growth is good.
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Are Transfers Replacing Work for America’s Poor?
CBO data show that government transfers now account for a historically large share of income among low-income households. Does today’s welfare system encourage mobility or entrench dependency?
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•
Progressive Taxes May Discourage the Most Productive Work
A real-world example shows taxes eat into marginal income, steering workers toward lower-paying, but more pleasant, jobs.
-
•
Full Employment May Still Signal Stagnation in Labor
Low layoffs and low hiring have created a fragile equilibrium. The underlying picture points to drift, not true growth.
-
•
Why Keynes Would Have Feared AI — and Why We Shouldn’t
The economist who predicted abundance also worried about displacement. He was only half right.
-
•
Measuring Poverty Correctly Reveals a Hard Truth About the Welfare State
When taxes and transfers are included, poverty is much rarer than commonly reported. But what actually reduces it?
-
•
What 122 Universal Basic Income Experiments Actually Show
After more than 100 pilots, the evidence shows that universal basic income does little to boost employment and risks unintended economic costs.
-
•
Fed Officials Face Diverging Mandates
Evidence suggests that inflation is relatively widespread, job creation has weakened, the Fed will likely hold the policy rate steady.
-
•
How Concerning Are the February Jobs Numbers?
Slow job growth is expected when we remain near full employment and the working-age population is growing slowly.
-
•
Stop Lamenting Inequality—Start Questioning Bad Policy
Global inequality has narrowed and the poor are gaining ground. If the system feels rigged, we should look to government policies that suppress competition and reward insiders.
-
•
What Do Consumers Know That GDP Aggregates Don’t?
Rising costs, reduced mobility, and policy uncertainty may explain why households feel squeezed even when headline growth is good.
-
•
Are Transfers Replacing Work for America’s Poor?
CBO data show that government transfers now account for a historically large share of income among low-income households. Does today’s welfare system encourage mobility or entrench dependency?