Business & Labor

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by Teresa Ghilarducci, Kevin Hassettvia The Washington Post
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by John H. Cochranevia Wall Street Journal
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interview with Stephen Habervia Wall Street Journal Live
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by Lee Ohanian, Edward Prescottvia Wall Street Journal

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In the News

Don’t Give Up On The Tax Cuts And Jobs Act Just Yet

mentioning Kevin Hassettvia American Enterprise Institute
Monday, September 16, 2019

Corporate tax reform — specifically, the federal corporate rate cut to 21 percent — was a centerpiece of the December 2017 Tax Cuts and Jobs Act (TCJA). For decades, while other countries cut rates, the US did not change its corporate tax rate, resulting in the US having the highest statutory corporate tax rate in the developed world in 2017. Even when comparing effective tax rates, the US rate was well above that of the Organisation for Economic Co-operation and Development countries.

PoliticsFeatured

The Economic Blowback If California’s Independent Contractors Are Eliminated

by Lee Ohanianvia California on Your Mind
Tuesday, September 17, 2019

Last week, the California Senate passed a new bill that will cause somewhere between one million to two million workers, perhaps even more, to lose their status as independent contractors. If California governor Gavin Newsom signs the bill, an independent contractor will have to satisfy the following legally binding criteria:

1. Be free from the “control and direction” of their employer
2. Be performing work that is “outside the course” of the company’s usual business
3. Have their own independently established trade, occupation, or business

Featured

Transcript: Condoleezza Rice On "Face The Nation," September 15, 2019

interview with Condoleezza Ricevia Face the Nation (CBS)
Sunday, September 15, 2019

Hoover Institution fellow Condoleezza Rice discusses John Bolton, foreign policy, Russia, employment, automation, trade, education, and much more.

In the News

Battle Over “Progressive” Solutions Leaves Independent Contractors On Edge

quoting Thomas Sowellvia The Orange County Register
Wednesday, September 11, 2019

As the final week of the legislative session was winding down, the Senate and Assembly in party-line votes approved Assembly Bill 5, which will codify the state Supreme Court’s Dynamex ruling, leaving as many as 2 million freelance workers with an unsure future.

Analysis and Commentary

Daron Acemoglu On Shared Prosperity And Good Jobs

by Russ Robertsvia EconTalk
Monday, September 9, 2019

Economist and author Daron Acemoglu of MIT discusses with EconTalk host Russ Roberts the challenge of shared prosperity and the policies that could bring about a more inclusive economy. Acemoglu argues for the importance of good jobs over redistribution and makes the case for the policies that could lead to jobs and opportunities across skill levels.

Analysis and Commentary

Author On British Inheritance Misses Two Important Points

by David R. Hendersonvia EconLog
Saturday, September 7, 2019

In a recent article titled “Is property inheritance widening the wealth gap?” author James Gordon points out that people in Britain who own houses will often leave them to their adult children and, thus, adult children of Brits with no houses will see a large gap between their wealth and those of their housing-endowed peers.

Blank Section (Placeholder)Analysis and Commentary

Area 45: Tim Kane’s Economic “Beauty Contest”

interview with Timothy Kanevia Matters of Policy & Politics
Wednesday, September 4, 2019

The importance of valuation with regard to America’s  economy.

Analysis and Commentary

Tim Kane: How Do You Measure Value? And Other Great Questions For Labor Day

by Timothy Kanevia Fox News
Monday, September 2, 2019

As Americans celebrate Labor Day 2019, robots are stealing their jobs, as are immigrants, as are cheap imports from China. The first puzzle is: if all of these nefarious forces of free markets are stealing jobs, how is it that there are more Americans employed than ever before?

Analysis and Commentary

Labor Day Vignettes

by David R. Hendersonvia EconLog
Monday, September 2, 2019

I’ve spent from 7:30 this morning to 1:30 this afternoon working on my next article for the Hoover Institution’s on-line publication, Defining Ideas. I’m putting the labor back in Labor Day.

Young Adults
In the News

Can They Ever Catch Up?

quoting Lee Ohanianvia Stanford Magazine
Sunday, September 1, 2019

The Great Recession set millennials back. A decade later, they haven’t recovered. Here’s what’s going on.

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Economic Policy Working Group

 
The Working Group on Economic Policy brings together experts on economic and financial policy to study key developments in the U.S. and global economies, examine their interactions, and develop specific policy proposals.

Milton and Rose Friedman: An Uncommon Couple