The US labor market: Questions and challenges for public policy
Edited by Michael R. Strain | AEI PressWork is central to the flourishing life. How should policy respond, adapt, and keep up with pressing questions facing the labor market? A good way to start is by asking the right questions. This volume asks some (though far from all) of the most important: Should we be concerned about economic mobility in the US? How can we make work pay? Would cutting corporate tax rates increase jobs in the US? Should we be concerned about inequality?
These are hard questions, without clear or obvious answers. To make progress on them, Michael Strain advances an argument: A competitive market in ideas is the best way to figure out the world and find the best solutions to our problems. This volume manifests that argument. In its pages, the questions outlined above are answered by economists -- twice. Two papers address each question, each with a different point of view and a different emphasis.
On the school’s small sports field, at least 400 children sat or knelt this week in front of stools used as small desks, answering questions about math, English, Chinese and physics. It is common in China to hold exams outdoors, to deter cheating. But in this case, the students were bathed in cold, filthy air so dense that those at the back of the soccer field seemed like ghostly imprints in the air. – New York Times
Recovery through tax reform
Kevin Hassett argues that, taken together, the Trump/House tax reform plan would radically improve the outlook for economic growth in our country. Corporations would locate more capital investment here, and individuals would provide the savings to fund those investments.
Uri Friedman writes: This iconoclastic vision of America’s role in the world helps explain why Trump has long criticized the Cold War-era chess pieces—including security alliances and the promotion of free trade and democracy—that the U.S. government continues to deploy in the post-Cold War period against a shifting second player: no longer the Soviet Union, but Putin’s Russia, a rising China, or the generalized “chaos” predicted to result from the United States no longer “leading the world.” –Defense One