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In the current recession, millions of Americans have lost their jobs. Unemployment has increased nationwide to levels not witnessed since the 1980s. This issue brief tallies more than 110,000 jobs that have been shed from state and local governments in the last two years and breaks them down by...
Persistent link: https://www.econbiz.de/10008545834
the United States a model for the rest of the world’s economies. The Organization for Economic Cooperation and Development …
Persistent link: https://www.econbiz.de/10005256263
There is a growing chorus of policy analysts and pundits telling the country that we could have millions more jobs in manufacturing, if only we had qualified workers. This claim has the interesting feature that it places responsibility for the lack of jobs on workers, not on the people who get...
Persistent link: https://www.econbiz.de/10009651287
One of the items that Congress added to the American Recovery and Reinvestment Act of 2009, President Obama’s stimulus package, was a first-time homebuyer tax credit. The tax credit gave people buying their first home, or who had not been homeowners for at least three years, a tax credit equal...
Persistent link: https://www.econbiz.de/10010541807
At the peak of both the stock and housing bubbles, there were extraordinary shifts in the statistical discrepancy between the national output and income accounts. The statistical discrepancy fell from its normal range of 0.5 – 1.0 percent of GDP to levels below -1.0 percent of GDP. The...
Persistent link: https://www.econbiz.de/10009251295
There are many economists who argue that temporary tax cuts, like those in the 2009 stimulus and the ones proposed by President Obama last week, have no impact on the economy. They argue that people will save a temporary tax credit rather than spend it. Stanford Economics Professor John Taylor,...
Persistent link: https://www.econbiz.de/10009293654
contraction – the idea that somehow cutting budget deficits will lead to an increase in growth, even in the middle of a downturn …
Persistent link: https://www.econbiz.de/10010555108
Researchers have offered several explanations for the decline in unionization. Many emphasize that “globalization” and the technological advances embodied in the “new economy” have made unions obsolete. However, if the decline in unionization is the inevitable response to the twin forces...
Persistent link: https://www.econbiz.de/10009364322
This report analyzes the wage and employment effects of the first three city-specific minimum wages in the United States –San Francisco (2004), Santa Fe (2004), and Washington, DC (1993). We use data from a virtual census of employment in each of the three cities, surrounding suburbs, and...
Persistent link: https://www.econbiz.de/10008921764
Representative Paul Ryan's proposed 2012 budget has been lauded as a path to prosperity, with much attetion given to his overhaul of the medicare system. Using data from the CBO analysis of the Ryan plan, this issue brief demonstrates that any savings to the government under the revamped...
Persistent link: https://www.econbiz.de/10008921765