Understanding Universal Basic Income
Economy / Labor Force / Social Insurance Programs / U.S. Domestic Policy

Understanding Universal Basic Income

Introduction In December 2018, Finland’s Social Insurance Institution, KELA, terminated their two-year Universal Basic Income (UBI) experiment that aimed to “increase employment and simplify the Social Security system” citing insignificant changes in the employment rate of participants. Despite this outcome, prominent U.S. figures–such as Elon Musk and Mark Zuckerberg– and the California Democratic Party still … Continue reading

Trump’s H-1B Policies Are Neither Buying American Nor Hiring American
Economy / Immigration / Labor Force

Trump’s H-1B Policies Are Neither Buying American Nor Hiring American

Three months after his inauguration, President Donald Trump signed an executive order enacting a trademark promise of his campaign: “Buy American, Hire American.” Among other things, the order directed his administration to review the current immigration system and determine policies for the United States to promote higher wages and employment for American workers. One the … Continue reading

China / Economy / Politics / Tariffs / Trade

Trump States Will Be Hit by Chinese Pork Tariffs

Yesterday, the Chinese Ministry of Commerce imposed retaliatory tariffs on 128 U.S. products totaling $3 billion “in order to safeguard China’s interests and balance the losses caused by the U.S.” The tariffs, initially threatened in March, are the Chinese response to the Section 232 measures on steel and aluminum imposed by President Trump earlier that … Continue reading

Free Trade Works For Millennials
America / Economy / Education / Politics / Trade

Free Trade Works For Millennials

Photo courtesy of House Ways and Means Committee. By Rahee Jung and Finn D. Reynolds Executive Summary: Recent polls reveal that millennials support U.S. engagement in free trade agreements more than all other age demographics. Policymakers should take note of this trend, and further engage the United States in free trade agreements to grow the economy … Continue reading

Millennials Like Free Trade but Don’t Like Capitalism
America / Economy / Politics / Trade

Millennials Like Free Trade but Don’t Like Capitalism

  Introduction  In the coming election cycle, millennials will surpass baby boomers as the largest voting bloc in the United States. For this reason, pundits, pollsters, and political parties are trying to figure what millennials support and what millennials oppose. A new Pew Research Center survey reveals that one issue millennials support is free trade. … Continue reading

Economy / Fiscal policy / Tax / Taxes

Tax Cut-Implications for Behavioral Economics

Richard H. Thaler, professor of behavioral science and economics at the University of Chicago, won the Nobel Prize in Economic Sciences this year “for his contributions to behavioral economics.” This is a relatively new field that combines the idea of psychology and economics. Standard economic models assume that humans are rational actors. However, behavioral economists … Continue reading